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GOBankingRates
Jennifer Taylor

3 Reasons Retirees Might Want To Consider a Car Lease

EA SPORTS
Nuthawut Somsuk / Getty Images/iStockphoto

Deciding whether to buy or lease a car can be a tough one — especially on a fixed income in retirement. Now that you’re no longer commuting to work, you might be confused about the best route for your situation.

In 2024, the average monthly car lease payment was $638, according to Experian. At just $17 more, the average monthly car loan payment was $655.

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