Thinking about getting a car? Are you planning to lease or finance? Maybe even purchase the car outright? Which is the best option for you?
In this episode of Using Your Power, David Andrew Wiebe and Maveen Kaura discuss the upsides and downsides of leasing and financing a vehicle.
For more by Maveen Kaura, check out Discoveryourlifetoday.com.
Episode 41- Should You Lease or Finance a Car?Podcast Highlights:
- 00:00 – Audible intro
- 00:35 – Introduction to our topic
- 00:57 – Leasing reason 1: Lower monthly payments
- 01:21 – Finance reason 1: No restrictions
- 01:54 – Leasing reason 2: Negotiate better rate / down payment
- 02:10 – Finance reason 2: No sales process every 2 – 4 years
- 02:57 – Leasing reason 3: Driving less than the average
- 04:02 – Finance reason 3: Dealerships give you good discounts
- 04:30 – Leasing reason 4: Usually less wear and tear on the car
- 05:02 – Finance reason 4: Don’t have to fix damage on a financed car
- 05:40 – Leasing reason 5: You have a business, or you’re looking to get a new car ever few years
- 06:36 – Finance reason 5: Need higher payments to offset income in business
- 07:07 – Maveen and David discuss advantages and disadvantages of both
- 11:00 – We learn financing in school not leasing
- 12:20 – David’s final thoughts
- 12:58 – Maveen’s final thoughts
- 13:46 – Outro
The post 041 – Should You Lease or Finance a Car? appeared first on UsingYourPower.com | with David Andrew Wiebe & Maveen Kaura.
