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Is Leasing a Car Better for Senior Citizens?

Auto Leasing A Car Better For Senior Citizens?Leasing a car may not be on a senior citizen's radar screen, but it may be a better option than buying a new car for some. Seniors on fixed incomes who want to drive a new car with the latest safety features every couple of years or want a shorter financial commitment on their car could benefit from leasing."Seniors' driving needs can change more frequently than someone in their earlier years, and thus being able to obtain a different lease contract every few years to accommodate those changes can be beneficial," says Scot Hall, executive vice president of SwapALease.com.Since a lease is typically for three years or less and a car loan is typically for five years, leasing also provides the flexibility some seniors may need if they think they will be driving less in the next couple of years. It is easier for a senior to predict his or her driving needs just a couple of years into the future, while it might be more difficult to predict drivin...

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  1. Nissan to Move Murano SUV Production to U.S.

    Nissan Motor Co. (7201.TO) Friday said it will move the production of a sport-utility vehicle from Japan to the U.S., as it seeks to reduce costs by building where d...

  2. Are High-MPG Gas Cars Better Than Hybrids?

    As gas prices fluctuate between $3 and $4, car buyers continue to seek relief at the pump by focusing on cars with high fuel-efficiency. But unlike in recent years, ...

  3. Cars So Hot They Are Out of Stock

    The popularity of cars can be measured by several factors. Among these are total unit sales in a year, market share versus direct competitors, and sales improvement ...

  4. Nissan sees premium auto growth, renames Infiniti models

    Nissan's <7201.T> upscale Infiniti division expects the global premium car market to grow 8 percent next year as strong U.S. demand offsets flat western European sal...

  5. Nissan's November U.S. sales up 13 percent

    Nissan Motor Co Ltd <7201.T> U.S. sales in November rose 13 percent from a year earlier to 96,197 vehicles, the company said on Monday.The Nissan main brand showed a...

  6. Sandy Victims Eligible for Car-Buying Incentives

    Dear Driving for Dollars, The wake of destruction left by Superstorm Sandy included thousands of cars that have damage beyond repair and owners who suddenly find the...

  7. Car Incentives for Recent College Grads

    After donning cap and gown, you'll need employment and, possibly, a new ride.That college degree may have put you in some undesired debt -- so how will you afford th...

  8. Sandy might send more than 250,000 cars to scrap heap

    Superstorm Sandy may consign as many as a quarter of a million new and used cars and trucks to the scrap heap, a loss that could eventually lead to a spike in new au...

  9. Nine Cars Americans Keep the Longest

    Owning a car for many years can be considered a sign of brand loyalty. The car  is well made, or perhaps it retains its value better than other vehicles. Each of tho...

  10. With Cadillac tweaks, GM heeds China taste for models with curves

    Chen Dong, the 42-year-old owner of a cellphone wholesale business in Beijing, is a big fan of Hollywood movies and the Chicago Bulls basketball team, and sends his ...

  11. Would Reaching the Fiscal Cliff Lead to Recession?

    Bedford Oak Advisors CEO Harvey Eisen on the outlook for the markets and economy.

  12. Who Pays to Replace Counterfeit Air Bags?

    If you got a great deal on your replacement air bag, it may be a fake.Federal safety regulators on Wednesday warned that thousands of car owners may be driving with ...

  1. Auto industry love for Mexico grows with new Audi plant

    The automotive industry's growing love affair with Mexico was celebrated here on Saturday as Audi executives laid the foundation stone for its first assembly plant i...

  2. Seven Cars for Moms to Escape the Minivan Rut

    Moms Can Have Cool Cars, TooChoosing seven 2013 vehicles that moms will love isn't an attempt to group cars and trucks by gender preference. Rather, it simply presen...

  3. Renault-Nissan CEO delays China growth plan by one year

    Political friction between China and Japan delayed by one year Nissan Motor Co's plan <7201.T> to get 10 percent market share in China, Renault-Nissan Chief Executiv...

  4. Silver Spring Networks Jumping on NYSE Debut

    FBN's Lori Rothman breaks down late-morning market news.

  5. Nissan Recalls Five 2013 Models on Passenger Air Bags Issues

    Nissan Motor Co is recalling five 2013 model year vehicles, including top sellers Altima and Sentra, because the front passenger airbag may not deploy in a crash, th...

  6. United Engineers to Bid for WBL Stake

    Property and engineering company United Engineers Ltd. (U04.SG) said Wednesday that it plans to make a S$670.4 million (US$545 million) offer to buy 61.7% in WBL Cor...

  7. Nissan to Introduce Infiniti Brand in Japan

    Nissan Motor Co.'s upscale Infiniti vehicles will be introduced into its home market in Japan in as soon as two years for the first time, some 25 years after the bra...

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