Automobile leases offer lower payments, higher insurance

Car leasing has become the new best deal in new-car “sales.” Although the notorious “open-ended” arrangement of the 1970s gave leasing a bad name, leases today typically carry full disclosure concerning a lessee’s obligations at lease time, each month thereafter and at the end of the lease.For the car dealer, the appeal of leasing is obvious: Most customers return after two or three years for another lease, and a returned lease car makes a terrific second-hand car. Dean Matthies of Heritage Ford in Loveland said that 70 percent of new trucks are on lease.
“A popular four-wheel-drive truck makes…