What are the pros and cons of leasing a car?

:::♥::Alice in Wonderland:::♥::: asked:

In other words, why do people lease cars, and what are the potential draw backs of doing so ?

How is it possible to get out of a GM lease ?

bh asked:

I have leased an 08′ chevy truck. Since 2 weeks after getting this vehicle I have basicly become sick of going to the dealership to have things fixed or replaced.

What are the advantages/disadvantages for leasing a new vehicle, rather than buying?

kbboul@sbcglobal.net asked: I see on TV you get low payments when you lease a new vehicle. I don’t mind getting a new car every 3 yrs, I just wonder if there are any hidden costs when returning it?

Can anyone tell me the required tire depth for a lease trade-in to avoid penalty?

MB asked: We have a lease up on 2/1/09 and do not want to spend $520 to replace the tires only to trade the vehicle in. I have found some used tires with good tread to save money but was wondering the required tire depth for trade-in to avoid penalty. Thanks.