With the costs of running a car often adding up, many people are not wanting to fork out tens of thousands of pounds to buy one. With a newer car you do tend to not have to spend as much on repairs and often they are more economical than older vehicles but not all of us have thousands lying around that we can buy one out right. Buying a car on finance can often be costly and overtime you may end up spending a lot more than you had thought. After the finance is paid off you may be left with a vehicle that is not even worth half of what you have paid for it. For this reason, many people are turning to car leasing as an option. A car lease lets you drive a new vehicle without paying a large sum of cash or taking out a loan. Often when leasing a car you make an initial down payment of about 15-20% followed by monthly leasing payments. After the lease has expired you simply return the car. You can then decide if you want to lease another new car or hand it back with nothing further to pay. The downside of leasing a car is that you do not own it after the payments have been made so you will have no equity to put towards another vehicle if you decide to purchase it.