Which is an advantage of leasing a car?

Leasing a car typically involves a smaller initial cash outflow compared to purchasing a vehicle outright. This is one of the primary advantages of leasing. When you lease a car, you usually only need to make a down payment (if any) and then pay monthly lease payments, which are generally lower than monthly loan payments for buying a car. This accessibility makes leasing more appealing, especially for individuals who may not have a significant amount of cash readily available or prefer to invest their funds elsewhere while enjoying the use of a newer vehicle.

In contrast, ownership interests imply you would possess the vehicle, which contrasts with leasing where you do not own the car. Higher monthly payments would typically be associated with purchasing a vehicle rather than leasing, as loans tend to have higher payments due to the nature of financing the full price of the car. Lastly, while leasing may come with requirements like mileage limits and maintenance obligations, suggesting it requires no requirements is misleading, as lease agreements typically come with specific terms and conditions that must be adhered to.