I’ve always been all about leasing 100%, love getting a new car and changing it up every 3 Years. I have so many friends that think I’m nuts for leasing haha. Would love a video on tips for negotiating a lease!
I been lucky, I still have my 09 Ram. No major issues. Normal maintenance. Been payment free for 8 year's and loving it. Lifetime warranty powertrain warranty. I do get the itch to buy new. What I do is rent when going on vacation. Enjoy new ride temporary
Yes I lease, for all the reasons you stated. Plus, I don't know enough about cars to be able to tell if a used one is good or will nickel and dime me to death. Dave Ramsey has never been a single woman (that I know of).
We’re trying leasing for the first time, currently have a 3 year old and 39 weeks pregnant with baby #2. Your channel really helped me to lease vs buy for all the reasons you mentioned.
love this perspective...I have never leased, but after being that person with an upside down car and wanting something newer or bigger (more than once) this makes a lot of sense
This is exactly why I decided to lease a car back in Jan 2020. Who knows how and when family will grow and definitely staying under mileage working from home and then working on 5 miles away. Glad to see my thoughts were validated by the car mom 💪🏼😘
Would love your take on leasing, with the plan to purchase at the end of the 3 year term. I feel like that’s a great win, you don’t have to fret as much about going over the mileage, you save on the sales tax, and you are purchasing a used car that you know the history of.
Agreed, would love to see a video about this!!! And how to end a lease. Personally I love leasing, no matter what I will always have a car payment, so why not get a new car out of it every so often!
We buy cars outright and don’t get a new one for 10 years. We also have no debt. I think this works for someone who constantly wants new cars. I get that it works for some but the years with no car payments are amazing.
I leased a car when I was pregnant with my daughter. Our plan was to have 2 kids, so I knew in 2-3 years we would need a bigger one. I think the most stressful part was just making sure I turned the car back in, in excellent condition lol In purchased a car after that lease, I bought a car and because of the issues we’ve had with it - I’m ready to trade it in 🤦🏼♀️ Leading worked for us when we needed it
Excellent points thank you- I get sick of my car at 3 years and this makes so much sense. I just got out of mine because it started leaking at the 3 year mark and couldn’t get rid of moisture problems from sunroof. Fortunately I bought right before market took off so I had $10k in equity when I traded it in, I ended up getting back what I paid for it 20,000 miles ago. But I don’t expect that to ever happen again. I was just telling my husband that with our first child and wanting to have more, I know I won’t want to be in the same car for the next 8-9 years so I will never “pay off” and be without a loan. And cars don’t build equity like homes!
Me and my wife keep our cars at least 7 to 8 years and my wife is still driving a 2009 BMW 3 Series. Only issue of course is that as things get older the likelyhood that you will need to have repairs increases and on german luxury brands that can potentially be pricey. We purchased a 2019 Subaru Ascent Touring with the 10 year extended warranty to cover us for a while for any longer trips. That said even with the length of time we keep our cars I don't think a single on has reached 100k miles. If you plan on changing cars anyway every 3 years, leasing may be a good option especially if you can write it off as a business expense.
I loved this video! I think for people that have a totally different family situation every few years (like people with their first kid, then 2 years later another, 3 years later they're a family of 5...) it makes a lot of sense to have that flexibility. I also have been saying I think the next vehicle I get will be a lease, mostly because I think in the next couple of years, the technology and fuel consumption will be drastically different. I'd love more leasing videos!!
Almost 37. We should have been leasing in our 20s. We went through cars every few years. Almost always upside down. Partly because we should have been leasing and partly because we shopped off car payment and not OTD pricing. Now, in our lives we buy the car because we keep them so much longer. Just got out of 8 year old car we actually bought from our lease. No payments on it for 4 years. Use that paid for car for a 10k down payment. Plan to keep the next 8-10 years and pass on to our kid. I think that is something parents need to consider. You have to plan for cars and those payments. Don't get yourselves into a situation where you have 3-4 car payments all at once because your kids suddenly turned 16. I think the main thing Kelly can help teach people is to really think about why you are buying and PLAN FOR THE FUTURE when picking out a car and spend what works for that plan, not what you can afford right then. Sometimes that is leasing and sometimes that is buying out right. BUT never go upside down on a loan. I do somewhat follow Dave, but he doesn't understand life from anyone's side but his own. He is not open minded enough. If you add up all the payments you will make over 10 years--weather that is leasing or buying---and you are comfortable with that amount of money then ignore Dave. He isn't always right, but he also makes a lot of debt sense.
I just traded in a lease 3 months early and the dealer matched the offer we got from Carmax for 18k. The payoff was 13k. We got $5k in our pocket for the trade. The car market and trade-ins are crazy right now. Leasing has always made sense for me as a single-mom. I need the lower payment and the reliability of a new car. I was also able to negotiate 10k off the MSRP of my last lease. I’ve had nothing but good experiences with leasing. Tip: I ask what the money factor is. It is similar to the interest rate on a loan. I paid less than $100 in finance charges on my last two leases. You can negotiate a lease just like a purchase. You don’t have to put money down, in fact IMO it is better not to on a lease. I negotiate the OTD price of the car, then the terms of the lease. I would like to hear The Car Mom’s tips on negotiating a lease too.
I love leasing, especially with Chrysler Capital. I just did a “pull-ahead” to go from a 2020 Jeep Cherokee to a new 2022 Jeep Grand Cherokee with no fees. I had 2 years left on the 2020. I also walked away with about $3k positive equity to use as a trade-in value on the 2022. I would’ve have known if I hadn’t asked. If you need something bigger or whatever, it’s so worth it to just ask.
THANK U!💯 Unless you are purchasing a car up front totally you don’t “own” the car. Additionally when has it ever been beneficial to own a depreciating asset?We lease b/c I enjoy predictability, I enjoy having a fixed car expense(no outside repair cost) and after 3 yrs I can return it for another reliable car. Plus when your credit is good you really can get a car w no money out of pocket🤷🏽♀️
At the Honda dealership in my area, you can lease any Honda with a set amount of miles, after that 3 year mark is up you can pay the difference of miles, buy the vehicle, OR, you can lease another Honda and the mileage you put on the vehicle does not matter
We have leased 3 vehicles now. I would have told you 2 years ago that I loved my Acura MDX so much that I would never need another vehicle. I was scared to have my kids in a leased vehicle and begged my husband to just buy the car outright. I was so wrong! We had a third child sooner than anticipated and are busting out of my MDX. I'm using your other videos to help me decide on our next best fit! I would like to add that we have always been very mindful of our money and tried to make wise decisions. Leasing works better for our family for many reasons, but one of the things we DID NOT KNOW when first researching leasing a few years ago- is that the portion of the car you are buying (basically the depreciation over your 3 year lease) goes on to your financials as debt. That seems so obvious now, but it didn't at the time and was not communicated to us. We did not want to take on "official debt" and with a lease- you do, although it's not the full 50-60k of the vehicle. Hope that helps someone not make the same mistake we did!
Its my first time getting a lease suv! I hated only the fact that the first year we drove it a lot because my husband was sick that year and we went to his doctors appt in San Francisco all the time. Now i work from home and only use my car on doing errands and going out of time once or twice a month. I was telling my husband Im turning this in next yr (my last yr) and getting a yr old suv. Ugh! After watching this I am now torn!
As someone currently in this position now, I wish I’d leased when I bought my Mazda CX-5 in 2018. I still love the car but as we think about starting our family in the next year or so, I don’t think it will be the best fit anymore and I wish we had the flexibility to change it up.
@@aalokshah8655 let me just get in my time machine back to when I wrote this comment 3 months ago before the chip shortage... Also you don't know the finances of my car. Even if I sold now, I would break even and not get anything for a down payment for a new vehicle so that matters.
“For a growing family” are the key words, and that includes if the family has resources to make payments for an undetermined amount of years. Back when, average families bought the station wagon or van and kept it for 20 years. Increasing technology is the last reason to lease a new car if it’s just for a growing family. If leasing is a tax write off for you, then lease.
Great video! I would love to know more about negotiating a lease. We just entered into a lease but I’m not sure if I could have gotten a better deal. But all of your points are exactly why we went with a lease. I was going from car payment to car payment anyways in addition to paying for maintenance on the vehicles like new tires and brakes. With a lease I won’t have to do any of that most likely. And with our lease we have free maintenance for the entire term of the lease which is a huge plus.
I began looking for a vehicle and was approved at Carmax but ended up not getting the vehicle when I looked into leasing. I think leasing is the way to go. The only thing it I don't understand all the fees associated with them
Lease ending soon - Dealership vs Online Retailer? Considering rising used car values, is it better to sell my leased car to an online retailer such as Carvana? Would I be in a better position to negotiate a new lease if I return the car to the dealership when the lease ends?
If you have equity in it (which right now, you probably do), it makes more sense to sell it to a place like Carvana. Dealerships aren't likely to be able to match those offers.
The issue with leasing with me is that "people always have car payments? "As my dad always says "Everyone wants to sit their ass on new leather seats" , But owning a car out right gives you actual equity in your car. example : paid off car with minor maintenance would cost you about 2k a year. oil changes, brakes, struts, spark plugs, coil packs. air filter, battery. etc give or take a few hundred dollars plus labor cost depending on area. A car note for 550.00 more or less depending on car. Thats only 4 months!! I bought a new car I get it. But if we are talking money savings leasing is horrible. No ownership after 3 years unless you decide to keep it. A lot of people don't . just my 2 cents.
What if i want a car just to drive it around for the summer (like a Jeep or convertible beetle) and then switch to a bigger SUV? My current SUV is paid off but i want to have a summer car before getting a bigger one. Would i do a short term lease? Finance the summer car then trade it in?
Live in FL, 36 month lease (single payment) is up October 2022. Will not buy same brand car. This car will sit in garage over summer as we return North. Are we better off trading it early? Can we trade it to a different ‘mfgr’? Should we look to trade it to Carvana?
What is your best suggestion for someone who will start with a lease but plans to purchase after the 3yr lease but knows at that time they will have way superseded the mileage allowance given
I don’t have kids but I really enjoy your videos. I do have a question about leasing. If you’ve already paid off a car, is it better to lease if you want a second car that you don’t plan to drive a lot?
This happened to me, got in an accident 6 days after having the leased vehicle. I traded it in a couple years later, just like you would trade a buy purchase. From my experience there are options when wanting to end a lease, I’m sure she can talk about it! I didn’t know until we randomly stopped at a car lot and they explained it to us.
I honestly think buying a car is better than leasing, your basically paying for a car forever if you keep leasing. Is never your car, you have no equity there. Juts buy a good brand you'll keep for 10yrs and then sell is and you'll get some money. Also Insurance is more expensive with a lease and I think its kinda nice not having car payments after paying off... My opinion :)
1. Don't finance 100% of a car purchase. 2. Don't finance a car for more than 5 years. 3. Don't buy a car you can't afford. Then, you don't need to worry about leasing. We all know it's foolish to rent a house forever, so why would "renting" a car forever suddenly be wise? Just like renting, leasing can work for a temporary solution, but it's throwing money away long-term. You're paying for more than just the loss of the car's value, you're also paying the dealer a profit. So if you lease for 3 years, and then buy that same car at the end of the term, you will have paid more than the original price of the vehicle. #NotWinning
I would love a video/tips on ending a lease!
I’ve always been all about leasing 100%, love getting a new car and changing it up every 3 Years. I have so many friends that think I’m nuts for leasing haha. Would love a video on tips for negotiating a lease!
I been lucky, I still have my 09 Ram. No major issues. Normal maintenance. Been payment free for 8 year's and loving it. Lifetime warranty powertrain warranty. I do get the itch to buy new. What I do is rent when going on vacation. Enjoy new ride temporary
Yes I lease, for all the reasons you stated. Plus, I don't know enough about cars to be able to tell if a used one is good or will nickel and dime me to death. Dave Ramsey has never been a single woman (that I know of).
The Dave Ramsey disclaimer is the best 🤣
We’re trying leasing for the first time, currently have a 3 year old and 39 weeks pregnant with baby #2. Your channel really helped me to lease vs buy for all the reasons you mentioned.
more in depth videos on leasing please!! I had no idea leasing was even an option I feel like such a noob
Would love tips on ending a lease and the process for getting a new one. Great video so helpful.
Just entered into my second lease and have no regrets! Great video!!
love this perspective...I have never leased, but after being that person with an upside down car and wanting something newer or bigger (more than once) this makes a lot of sense
This is exactly why I decided to lease a car back in Jan 2020. Who knows how and when family will grow and definitely staying under mileage working from home and then working on 5 miles away. Glad to see my thoughts were validated by the car mom 💪🏼😘
Would love your take on leasing, with the plan to purchase at the end of the 3 year term. I feel like that’s a great win, you don’t have to fret as much about going over the mileage, you save on the sales tax, and you are purchasing a used car that you know the history of.
Agreed, would love to see a video about this!!! And how to end a lease. Personally I love leasing, no matter what I will always have a car payment, so why not get a new car out of it every so often!
We buy cars outright and don’t get a new one for 10 years. We also have no debt. I think this works for someone who constantly wants new cars. I get that it works for some but the years with no car payments are amazing.
i hate leasing due to perpetual payments ... but really liked this perspective! 🙌🏼 thanks kelly 👍🏼
I leased a car when I was pregnant with my daughter. Our plan was to have 2 kids, so I knew in 2-3 years we would need a bigger one. I think the most stressful part was just making sure I turned the car back in, in excellent condition lol
In purchased a car after that lease, I bought a car and because of the issues we’ve had with it - I’m ready to trade it in 🤦🏼♀️
Leading worked for us when we needed it
Would love a video on how to end a lease early!
Excellent points thank you- I get sick of my car at 3 years and this makes so much sense. I just got out of mine because it started leaking at the 3 year mark and couldn’t get rid of moisture problems from sunroof. Fortunately I bought right before market took off so I had $10k in equity when I traded it in, I ended up getting back what I paid for it 20,000 miles ago. But I don’t expect that to ever happen again. I was just telling my husband that with our first child and wanting to have more, I know I won’t want to be in the same car for the next 8-9 years so I will never “pay off” and be without a loan. And cars don’t build equity like homes!
Love the idea of a lease but hesitant with young kids, especially when it comes to keeping the vehicle within “normal wear and tear”.
Me and my wife keep our cars at least 7 to 8 years and my wife is still driving a 2009 BMW 3 Series. Only issue of course is that as things get older the likelyhood that you will need to have repairs increases and on german luxury brands that can potentially be pricey. We purchased a 2019 Subaru Ascent Touring with the 10 year extended warranty to cover us for a while for any longer trips. That said even with the length of time we keep our cars I don't think a single on has reached 100k miles. If you plan on changing cars anyway every 3 years, leasing may be a good option especially if you can write it off as a business expense.
negotiating a lease info would be great! i didn't realize you could negotiate
I loved this video! I think for people that have a totally different family situation every few years (like people with their first kid, then 2 years later another, 3 years later they're a family of 5...) it makes a lot of sense to have that flexibility. I also have been saying I think the next vehicle I get will be a lease, mostly because I think in the next couple of years, the technology and fuel consumption will be drastically different. I'd love more leasing videos!!
Almost 37. We should have been leasing in our 20s. We went through cars every few years. Almost always upside down. Partly because we should have been leasing and partly because we shopped off car payment and not OTD pricing. Now, in our lives we buy the car because we keep them so much longer. Just got out of 8 year old car we actually bought from our lease. No payments on it for 4 years. Use that paid for car for a 10k down payment. Plan to keep the next 8-10 years and pass on to our kid. I think that is something parents need to consider. You have to plan for cars and those payments. Don't get yourselves into a situation where you have 3-4 car payments all at once because your kids suddenly turned 16. I think the main thing Kelly can help teach people is to really think about why you are buying and PLAN FOR THE FUTURE when picking out a car and spend what works for that plan, not what you can afford right then. Sometimes that is leasing and sometimes that is buying out right. BUT never go upside down on a loan. I do somewhat follow Dave, but he doesn't understand life from anyone's side but his own. He is not open minded enough. If you add up all the payments you will make over 10 years--weather that is leasing or buying---and you are comfortable with that amount of money then ignore Dave. He isn't always right, but he also makes a lot of debt sense.
I just traded in a lease 3 months early and the dealer matched the offer we got from Carmax for 18k. The payoff was 13k. We got $5k in our pocket for the trade. The car market and trade-ins are crazy right now. Leasing has always made sense for me as a single-mom. I need the lower payment and the reliability of a new car. I was also able to negotiate 10k off the MSRP of my last lease. I’ve had nothing but good experiences with leasing. Tip: I ask what the money factor is. It is similar to the interest rate on a loan. I paid less than $100 in finance charges on my last two leases. You can negotiate a lease just like a purchase. You don’t have to put money down, in fact IMO it is better not to on a lease. I negotiate the OTD price of the car, then the terms of the lease. I would like to hear The Car Mom’s tips on negotiating a lease too.
I love leasing, especially with Chrysler Capital. I just did a “pull-ahead” to go from a 2020 Jeep Cherokee to a new 2022 Jeep Grand Cherokee with no fees. I had 2 years left on the 2020. I also walked away with about $3k positive equity to use as a trade-in value on the 2022. I would’ve have known if I hadn’t asked. If you need something bigger or whatever, it’s so worth it to just ask.
Can you compare lease to buy on the same vehicle differences
THANK U!💯 Unless you are purchasing a car up front totally you don’t “own” the car. Additionally when has it ever been beneficial to own a depreciating asset?We lease b/c I enjoy predictability, I enjoy having a fixed car expense(no outside repair cost) and after 3 yrs I can return it for another reliable car. Plus when your credit is good you really can get a car w no money out of pocket🤷🏽♀️
At the Honda dealership in my area, you can lease any Honda with a set amount of miles, after that 3 year mark is up you can pay the difference of miles, buy the vehicle, OR, you can lease another Honda and the mileage you put on the vehicle does not matter
Would love a video on ending a lease early!!
Negotiating a lease would be amazing.
What about interior wear and tear with kids and a leased vehicle?
We have leased 3 vehicles now. I would have told you 2 years ago that I loved my Acura MDX so much that I would never need another vehicle. I was scared to have my kids in a leased vehicle and begged my husband to just buy the car outright. I was so wrong! We had a third child sooner than anticipated and are busting out of my MDX. I'm using your other videos to help me decide on our next best fit!
I would like to add that we have always been very mindful of our money and tried to make wise decisions. Leasing works better for our family for many reasons, but one of the things we DID NOT KNOW when first researching leasing a few years ago- is that the portion of the car you are buying (basically the depreciation over your 3 year lease) goes on to your financials as debt. That seems so obvious now, but it didn't at the time and was not communicated to us. We did not want to take on "official debt" and with a lease- you do, although it's not the full 50-60k of the vehicle. Hope that helps someone not make the same mistake we did!
Its my first time getting a lease suv! I hated only the fact that the first year we drove it a lot because my husband was sick that year and we went to his doctors appt in San Francisco all the time. Now i work from home and only use my car on doing errands and going out of time once or twice a month. I was telling my husband Im turning this in next yr (my last yr) and getting a yr old suv. Ugh! After watching this I am now torn!
This is so helpful! Do you have tips about turning in a lease and negotiating a new lease?
I’d like to hear you talk about ending a lease!
Would love to see content about ending a lease early or trading in a lease early (say to the same Dealership)
Yes! Id like this one too!
Great video
My Volkswagen Tiguan lease ends this month -aug 29.21 residual value is $16K. I have equity. I will keep it
More videos on leasing please, this was very informative!
As someone currently in this position now, I wish I’d leased when I bought my Mazda CX-5 in 2018. I still love the car but as we think about starting our family in the next year or so, I don’t think it will be the best fit anymore and I wish we had the flexibility to change it up.
in this market you could sell it…
@@aalokshah8655 let me just get in my time machine back to when I wrote this comment 3 months ago before the chip shortage... Also you don't know the finances of my car. Even if I sold now, I would break even and not get anything for a down payment for a new vehicle so that matters.
Hey can you do a 2021 and 2022 ford explorer walk through and car pick ??
“For a growing family” are the key words, and that includes if the family has resources to make payments for an undetermined amount of years. Back when, average families bought the station wagon or van and kept it for 20 years. Increasing technology is the last reason to lease a new car if it’s just for a growing family. If leasing is a tax write off for you, then lease.
Please talk about negotiating a lease! Thanks!
Great video! I would love to know more about negotiating a lease. We just entered into a lease but I’m not sure if I could have gotten a better deal. But all of your points are exactly why we went with a lease. I was going from car payment to car payment anyways in addition to paying for maintenance on the vehicles like new tires and brakes. With a lease I won’t have to do any of that most likely. And with our lease we have free maintenance for the entire term of the lease which is a huge plus.
Can you review the 2022 Mitsubishi Outlander next???
So helpful!! Thank you!
Could you do a video on negotiating with a lease? Thank you so much!
How does car insurance work with a lease? And what happens if you're in an accident?
We’re within a year of our first lease being over. The dealer keeps asking if we want to turn it in early. Should we? Pros and cons?
That’s strange…is it a tundra or something?
More likely that they want you to get a new car from them.
I began looking for a vehicle and was approved at Carmax but ended up not getting the vehicle when I looked into leasing. I think leasing is the way to go. The only thing it I don't understand all the fees associated with them
Can you lease any new car on the lot? Or only the ones the dealer allows?
Would like a video on how to evaluate if someone got a good deal on a lease or not
Definitely ending a lease! Ours doesn’t end until March of 2024 but I’m curious!
Lease ending soon - Dealership vs Online Retailer?
Considering rising used car values, is it better to sell my leased car to an online retailer such as Carvana? Would I be in a better position to negotiate a new lease if I return the car to the dealership when the lease ends?
If you have equity in it (which right now, you probably do), it makes more sense to sell it to a place like Carvana. Dealerships aren't likely to be able to match those offers.
Would love a video on changing manufacturers in leases. Do I have to lease a jeep if I lease from Jeep?
I bought my first car 10 years ago in cash, still am driving it and still purrs like a beautiful kitten. The car is now at 14 years of age.
First to comment...great tips!! Thanks
The issue with leasing with me is that "people always have car payments? "As my dad always says "Everyone wants to sit their ass on new leather seats" , But owning a car out right gives you actual equity in your car.
example : paid off car with minor maintenance would cost you about 2k a year. oil changes, brakes, struts, spark plugs, coil packs. air filter, battery. etc give or take a few hundred dollars plus labor cost depending on area. A car note for 550.00 more or less depending on car. Thats only 4 months!! I bought a new car I get it. But if we are talking money savings leasing is horrible. No ownership after 3 years unless you decide to keep it. A lot of people don't .
just my 2 cents.
LOL I love how she protects herself from the Dave Ramsey army
Negotiating a lease would be great!
Don’t you also have a down payment on a lease? So you need to add that to the lease payments for the true cost.
What if i want a car just to drive it around for the summer (like a Jeep or convertible beetle) and then switch to a bigger SUV? My current SUV is paid off but i want to have a summer car before getting a bigger one. Would i do a short term lease? Finance the summer car then trade it in?
Live in FL, 36 month lease (single payment) is up October 2022. Will not buy same brand car. This car will sit in garage over summer as we return North. Are we better off trading it early? Can we trade it to a different ‘mfgr’? Should we look to trade it to Carvana?
What is your best suggestion for someone who will start with a lease but plans to purchase after the 3yr lease but knows at that time they will have way superseded the mileage allowance given
I don’t have kids but I really enjoy your videos. I do have a question about leasing. If you’ve already paid off a car, is it better to lease if you want a second car that you don’t plan to drive a lot?
"If you follow Dave Ramsey" LOLOL yesss! The Ramseyians will come for you.
I do like leasing. I wish dealerships would offer more mileage per year . Instead of charging you 10 cents per mile over for example.
Have any of your thoughts on leasing changed due to the current climate of the car market? Chip shortage, high prices, low inventory, etc?
Also would love to see a Honda Odyssey tour!!!
What happens if you get into an accident with a lease?
Yay great topic
What about the thousands of dollars that’s required up front for leasing? Isn’t that like throwing it down the drain?
Good work, informative talking time
Do you do reviews on only SUV's and vans for parents? I'm curious about a Lexus IS350 sedan. :)
I’m in a lease and got hit. Is this when a lease is bad? No diminished value?
This happened to me, got in an accident 6 days after having the leased vehicle. I traded it in a couple years later, just like you would trade a buy purchase. From my experience there are options when wanting to end a lease, I’m sure she can talk about it! I didn’t know until we randomly stopped at a car lot and they explained it to us.
Negotiating a lease, please!
I agree with all of these points! LOL @ the Dave Ramsey comment. I love Dave Ramsey and leasing is the only thing I don’t agree with him on
Second to comment..Great tips.
Ending a lease please
in my opinion, you either buy it with a 4 year loan max or you lease it..
Do you put down for a lease?
You don't have to!
Video about ending a lease
Should you put money down on a lease?
I honestly think buying a car is better than leasing, your basically paying for a car forever if you keep leasing. Is never your car, you have no equity there. Juts buy a good brand you'll keep for 10yrs and then sell is and you'll get some money. Also Insurance is more expensive with a lease and I think its kinda nice not having car payments after paying off... My opinion :)
Dave Ramsey LOL too funny
1. Don't finance 100% of a car purchase.
2. Don't finance a car for more than 5 years.
3. Don't buy a car you can't afford.
Then, you don't need to worry about leasing. We all know it's foolish to rent a house forever, so why would "renting" a car forever suddenly be wise? Just like renting, leasing can work for a temporary solution, but it's throwing money away long-term. You're paying for more than just the loss of the car's value, you're also paying the dealer a profit. So if you lease for 3 years, and then buy that same car at the end of the term, you will have paid more than the original price of the vehicle. #NotWinning
LoL. Lease if you can’t afford your taste!! 😂