The concept of leasing is fairly simple, yet many automotive consumers don't understand it and are skeptical, even afraid of it.

As with any business transaction, the keys to successful auto leasing are knowing how the business works and being prepared.

Without at least a basic understanding of leasing concepts, how to get a good deal, and how payments are figured; you expose yourself to the very real possibility of making serious mistakes, significantly overpaying, or worse, being cheated.

In fact, you shouldn't even consider leasing your next car unless you understand these fundamentals.