Leasing a car is a unique financial arrangement and while it has its perks, experts say it suits a fairly slim group of people.

The biggest draw for leasing is lower payments, and on a shiny new car no less. This is usually what hooks drivers on a tight budget.

“When it comes to leasing, new vehicles is definitely a big part of it,” said Brandon Wiebe, a fee-only financial planner with Money Helps, based in Saskatoon.