Last week, Automotive News reported that estimated residual values for vehicles being leased are beginning to creep higher. With higher residual values on cars, consumers likely will find leasing more attractive – the amount they need to borrow should be less and their monthly payments lower.

Additionally, a number of automakers, including Toyota, Honda, and Hyundai, right now are offering lease deals on new cars.

Whether or not you should lease a vehicle depends on many factors. Read CarLocate.com’s article on “Understanding Vehicle Financing” for an explanation of how leasing works and things you should know when making the decision to lease a car.