What has changed?
Credit markets are opening up, increasing lenders’ liquidity. For example, GMAC has raised about $3 billion combined with $3.79 billion from the US Treasury in the past months. GM dealers said, “"GMAC is doing a lot more deals than they did even two months ago, and it’s helping us sell more cars."

Consumers have paid down their debt over the past year, improving credit scores. Though lenders are still strict, they are now extending loans to primer or better. Buyers who make large down payments are more likely to be financed.

Consumers are more realistic regarding financing. The recession has created educated buyers. Today when consumers enter the dealership they are serious about buying and prepared for the financing process.

1. Little or No Down Payment – depending on your credit history.
2. Smaller Monthly Payments – up to 60% less than a purchase loan.
3. No Maintenance Bills – repairs are covered by the manufacturer’s warranty.
4. Modest Sales Tax - you will only be taxed on the value used during the lease.
5. Always Drive a New Car - Leases usually run two to four years, at the end of the term you can easily lease a new vehicle.