How much more is the insurance premiums for leasing compared to financing?

Can you let your friends borrow your car once in a while if you lease?

Leasing gives you a lower monthly payment compared to financing. This way you can use the money you saved to invest in something that appreciates. This is only true for ppl that like to get a new car every 2-3 years.

 

The insurance premiums should not be all that diferent, though typcially when you lease, you are required to carry a certain amount of coverage which is not the case when financing.

When you lease, you are certainly allowed to let a friend borrow the car once in a while. Even though you are leasing, you are controlling what you do with the car.

 

In most cases, you need 100K/300K or higher PIP. Financing you can get whatever you want. So the only insurance difference would be whatever that cost for that higher coverage is.

 

Agreed.

And leasing CAN give you a lower monthly payment, depending on term/interest/residual value... but it doesn't always pan out better than a straight finance.

 

I have a 05 Pathfinder SE that is leased. My insurance is no diff then it is IF I was to say I am just financing it.

ALso keep in mind you are bounded by miles on it. Anything over after the lease you have to pay for