No depreciation concerns 7 Cons to Leasing a Car When you lease, you're basically paying for the use of the vehicle for the first 2 or 3 years of its life. No equity Limited Mileage - typically 10,000 - 15,000 miles Hard to Cancel. There are companies like www.swapalease.com but there is a financial punishment, lease termination fees. Requires Good Credit. The typical minimum for most dealerships is 620. A score between 620 and 679 is near ideal and a score between 680 and 739 is considered ideal by most automotive dealerships. Lots of Fees at the end and on over mileage No Customizations. Average cost to lease is 14%. This is the most expensive way to own a car.