Do your homework on car leasing.

Northern Ontario Business, July, 2007 by Ross, Ian

An informed consumer is always a better consumer.

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Buying or leasing a car for business purposes can be a confusing and complicated process.

Lessees need to have a solid understanding of the different purchasing processes as well as the pros and cons of leasing versus buying.

"Be as educated as possible," says Tim Hines, the Complaints Team Manager for the Ontario Motor Vehicle Industry Council (OMVIC).

Some auto experts predict as cars become more expensive, everyone will be leasing their cars within 20 years.

For business owners, the big advantage of leasing a new vehicle is it's much easier to write off as an expense and it's relatively trouble-free. "It's like owning a condo instead of a...