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The decision to lease a vehicle as opposed to buying it will be one of the first major capital investment decisions most college graduates will face. Leasing typically involves either a zero or a low down pay-ment, whereas buying probably will require one. With leasing, since you are not buying the car, you are not required to finance the entire price of the vehicle. When purchasing an automobile, you must, either up front or over time, pay for the entire vehicle. Also with leasing, the term of the lease will typically be two or three years. You can finance a new car purchase for up to six years. In the case of leasing, you are left with the problem of coming up with another form of transportation when the lease expires.
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