This video was first publish on Car Coach Youtube Chanel
Cars are expensive, prices can be out of reach for many shoppers. Even with long-term auto loans, it can be tough to afford a new car. Fortunately, car leasing allows consumers to get behind the wheel of a new vehicle with a monthly payment that’s usually lower than it would be if you purchased it. Leasing a new vehicle every two or three years would be more expensive than buying one and keeping it after the final payment. Other consumers are quite content to lease a vehicle they could never afford to buy, even if it doesn't necessarily save them money.
In today's video, we'll be discussing one of the most difficult choices you'll ever have to make - whether to lease or buy a car. Many people are faced with this decision at some point in their lives, and it can be quite overwhelming. However, there's one common mistake that people make when deciding between leasing or buying a car that can end up costing them thousands of dollars.
Leasing a car can be a great option for those who want a new car every few years and don't want to deal with the hassle of selling or trading in their old car. However, if you're not careful, you could end up paying more for your leased car than you would have if you had just bought it outright. This is because many people fall into the trap of leasing a car they can't afford, or they get talked into expensive lease terms by pushy salespeople.
On the other hand, buying a car can be a great option for those who want to own their car outright and don't mind driving the same car for several years. However, if you're not careful, you could end up paying more in interest and depreciation than you would have if you had just leased. This is because cars depreciate rapidly in value, and if you're not careful, you could end up owing more on your car than it's worth.
So, what's the common mistake that people make when deciding between leasing and buying a car? It's failing to do the math. Before you make a decision, you need to sit down and crunch the numbers to see which option makes the most sense for your budget and lifestyle. We go over the pros and cons of leasing vs buying a car and giving you some tips to help you make the right decision.
If you're thinking about buying or leasing a car, make sure you watch this video before you make a decision. Don't make the common mistake that could end up costing you thousands of dollars.
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00:00 Don't Make a Mistake: #Leasing vs #buying a #car
01:00 Pros of leasing a car
02:12 Cons to leasing a car
04:00 Pros of buying a car
05:52 Cons of buying a car
07:03 no easy answer
07:42 Comments and questions
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