One of the most common questions I get from my clients is whether they should buy or lease a car. And it makes sense — after buying your house, your car is one of your biggest monthly expenses.
So should you buy or lease a car?
It depends on several factors that are unique to you. In this episode, I discuss all these factors so you can make a smarter financial decision whether you lease or buy. Listen to the episode now.
Show Highlights Include:
- Why used cars are up 24% from June 2020 (and how this affects whether you should buy or lease your car) (3:17)
- The “3-year breakeven” strategy that helps you decide if it's cheaper to lease or buy the same exact car (4:45)
- The “Interest Rate Arbitrage” secret that can help you make more money from financing a car instead of paying cash (6:35)
- Why car dealerships make their money with extended warranties (and how to decide if you need an extended warranty or not) (11:10)
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