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Benefits and Drawbacks of Car Leasing: Benefits: - Fixed Monthly Rentals. - Drive a new car or van every few years, typically 2 - 4 years. - Manufacturer Warranty. - No need to worry about vehicle depreciation. Drawbacks: - You don't own the vehicle. - You have a contracted mileage. If you exceed this, you will be subjected to excess mileage charges. - If the vehicle is returned and is below "fair wear & tear", you may face end-of-lease charges. - If you terminate the agreement early, you will be subject to early termination fees.