Buying vs. Leasing a Car (Pros and Cons)

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Information Buying vs. Leasing a Car (Pros and Cons)

Title	:	Buying vs. Leasing a Car (Pros and Cons)
Lasting	:	12.32
Date of publication	:
Views	:	2,1 jt

The non-black ink is very difficult to read!
Comment from : Mark Ferwerda

What an ugly hand writing, cant even read what he wrote
Comment from : Gran Tree Mo

"Having recently gained more knowledge about personal finance, I've subscribed to your channel I want to commend everyone who's tirelessly working to earn a living while also building wealth during this recession At 45, I'm retired, along with my 51-year-old husband, and we're debt-free Our plan is to relocate to Thailand Thanks to our frugal and financially savvy lifestyle, as well as our commitment to saving and investing in the financial market, we've been able to generate passive income even in this recessionary period, allowing us to sustain our desired lifestyle"
Comment from : Jessica Torres

You are not putting the taxes deductions in the equation
Comment from : Skeleton Jacket

who is gonna buy 12000 subvompact used car????
Comment from : Joseph Abueva

Terrible choice of color Marko For the lease area
Comment from : Technician

Do you have to put a down payment on a leased car
Comment from : confettihunterminus1

What if your behind 4 months in payments and decide to trade it in before it gets repossessed to lease a another car you like to build your credit back up and buy it at the end after the lease is up
Comment from : Chamundre Muse

I began my investment journey at the age of 37, primarily through hard work and dedication Now at the age of 42, I am thrilled to share that my passive income exceeded $100k in a single month for the first time This success reinforces the importance of the advice mentioned earlier It is not about achieving quick wealth, but rather ensuring long-term financial prosperity
Comment from : Belinda Rupp

Cars are never an asset! if you gonna pay loan interest might as well lease one! getting rid of a car is also takes time and trouble!
Comment from : kian dacoda

I admire the financial independence of people, But you can live better if you work a little more After watching this I think there are people out there, on the extreme, who plan to die early just to be able to retire early To each their own but to me, retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc I don't think I could retire with less than $3m in income-generating investments, maybe $2m at the very minimum I plan to work until I'm at least 45
Comment from : Noah Kennedy

No we can not see the green
Comment from : Leigh G

green does not work, not clear enough
Comment from : angelo valdevitt

Happy to have come across this vid Thanks for breaking it down for us! Do leasing rates go up with interest rates? Is there a scenario where the annual interest rate would make leasing the more viable option?
Comment from : Jerome Rodil

please don't use the green marker anymore it's hard to see
Comment from : Besa Randle

Great haircut
Comment from : drivingspeakerman

Funny how I get Ads from car dealers while watching this video
Comment from : Luis Villar

don’t use green marker anymore please
Comment from : Unnamed Channel

That law work care person driving than disable😢
Comment from : jordan gagat

Good explanation Nobody needs a new car every 3 years
Comment from : Dave Stevens

leasing is always better and it's a must if you own an LLC deduct all your lease payments secondly, you should realize cars are not reliable anymore it is best if you give them back to the dealership and get a new one the cost of repairs could be substantial, especially for german cars and american cars japanese cars will last you easily 15 years with little maintenance, as long as they are made in japan the reliability goes down the drain if they are made in mexico due to extremely poor workmanship and poor quality control so always lease you'll never have to worry about your car breaking down and if it does, the car dealer and maker is responsible since all cars come with at least 3 year warranty
Comment from : BobRooney

Doesn’t include time value of $
Comment from : 3generboiler

NEVER EVER EVER lease a vehicle people Horrible mistakebrAverage yield that everyone doesn’t know about because it’s a hidden secret is around 14
Comment from : Carlton The Pug

What if I want to lease a car so I can put miles on it ?
Comment from : Andres Minchala

At the end of a lease and deciding to buy the vehicle, do you have to pay the lump sum or do you still make payments?
Comment from : tonyorob

Isn't leasing cheaper because it includes the insurance cost
Comment from : Anis Hamdoun

No I can't see the number in green
Comment from : Andy B

But the monthly payment per month on the lease is great
Comment from : MJ

Interesting , the stock market is currently experiencing a decline while bond yields are on the rise However, there seems to be skepticism amongst investors regarding the Federal Reserve's plan to continue increasing interest rates until inflation is stabilized As for myself, I find myself at a crossroads, uncertain whether to liquidate my $250,000 stock portfolio I'm seeking advice on the best strategy to capitalize on this current bear market
Comment from : Alice Jurasek

For me, it's largely about the fact I won't have $12k so will never buy the carbrMeanwhile if I force myself to pay $400+ per month I'm forced to build up an asset
Comment from : Charles Bannister

Leasing can be broken down into a very simple question In this case, after 36 months, do you want to retain options or obligations? Most people lease for the benefit of having a car under warranty at all times and for the relatively pain-free option of getting into a new car when the bug strikes and your lease expires Options come at a cost but for most they are well worth it Nothing is worse than owing 36 more months on a car that has worn out its welcome especially if it's been problematic Your warranty for most makes, will have expired and you're on your own Well worth the additional $1200 to $1700 to avoid a scenario where you're out of warranty staring at three more years of payments, assuming you're keeping the vehicle
Comment from : Maxx61

Can't see the green marker at allbrYou should've tested the green marker before uploading the videobrInformative though
Comment from : Tee

I'm sorry but the 2nd marker you use can't even see what you're writing on screen
Comment from : Jessie Saucedo

Would listen be more beneficial For tax purposes
Comment from : Commander Zero

Husbands that are mechanics are worth their weight in gold and should be treated wonderfully and appreciated I know I would
Comment from : orange tabby

in general, in life, ownership is almost always better Less stress too
Comment from : Alabaster Fantasia

What about tax benefits from salary sacrificing? Also included running costs versus paying these when U own it ?
Comment from : FREE PERSON

that ink on the right side is just terrible lol
Comment from : emil haghverdi

Very helpful
Comment from : rohan Polekar

I buy my cars cash when I'm ready! otherwise my baby bonus can pay for it😅 however in any case the home would have to comes first
Comment from : Bad baboo

What about the tax right off of the lease if you have a business?
Comment from : Donny K

Buy if you’re poor vs lease if you’re rich Simple as that
Comment from : Diesel Mex

No we can't see the green 😅
Comment from : John Christopher Wrightson

In short,, brLease new Car or Buy used Car in Cash (4+ years)
Comment from : ZAR

What’s the likely hood that someone would finance that $12000 after leasing it for 3 years?
Comment from : Jazmin Higgins

Your math doesn't consider the time value of money You should convert all these numbers into either the present value or the future value, its gonna be a bit tedious but that's the way to look at money The reason for that is $465/month in 2022 is quite different from $465/month in 2019 or 2018
Comment from : Piyush Bansal

If you’re a family man, by a used car and have a family / friend mechanic If you’re a hustler, lease a luxury car and charge it to the game Nobody will buy a Benz if you’re driving a Toyota Corolla
Comment from : Wynn Bets

Excellent advice, thanks for trying to deter people from car loans, cash is king!
Comment from : joshmonus

the dealer buyback of 12k is not the same as selling it back This whole comparison hinges on the fact the person can sell the car back for 12k A more likely scenario is getting 9k trade-in In this scenario, the return system saves the lease person 2k
Comment from : Charlie Baskets

Last two cars I leased (3 year, 10,000 mile leases) included 3 free regular maintenance visits The cars didn’t need repairs, but if they had it would have been paid by the warranty, assuming it wasn’t damage I caused myself I am retired so don’t put a lot of miles on a car I have a 2012 Mercedes E350 that I bought in 2014 as a CPO/lease return with 12,000 miles Eight years later, it has 36,000 miles The two lease cars were returned with 15,000 and 12,000 miles I am a car guy and take very good care of my cars whether I am buying or leasing I have purchased some cars knowing I am going to keep them a long time I have leased cars that I thought would be interesting for a while but that I knew I wouldn’t want to drive forever There are more scenarios in this situation that anyone could possibly imagine Sometime purchasing would be the better option, sometimes leasing would be
Comment from : Richard de la Sota

Bro nevr use the green marker again
Comment from : joh lwoa

I don’t even want to watch the rest of the video because of the ugly and hard to see marker color
Comment from : KevNeffect

If u buy a car for 10 grand it ain't gonna last ten years at 1000 amonth wear and tear 10 years a 20 k car Goin to give you trouble ather 4 years
Comment from : Real_ink404 Design Co

Use a darker pen can’t see those numbers!
Comment from : Blessings and Motivation

Your dumb you add taxes and title to buy So add that in the beginning
Comment from : The Charles in Charge Show!

interestingthanks for sharing
Comment from : Doodle Knowledge

I'm not sure what you meant at the last, that you buy right?brTake car of your vehicle, but wouldn't it still depreciate? Thanks, John
Comment from : John G

Use red marker next time This blue-green color is not really good to see
Comment from : Heidi Cordeiro

Don't forget about taking out a loan to buy your lease at the endnow you pay more in interest on top of what he already showed!
Comment from : Anthony C

Wouldnt the lease become even more expensive if they couldn't buy the car at the end of term with cash? If they have to finance the $12,200 buyback the interest cost has to be added on top
Comment from : Barry Turmenne

3 years have passed and do you still think same principles apply to todays economy?
Comment from : FuryArrow

High end luxury cars should be leased Depreciates way too much
Comment from : Hydro Aegis

I wish it was that easy be lol
Comment from : Marie Thompson

Try this with a mid-high end car Lets say a BMW… $40k-$60k good explanation but what car are you leasing at $18k? very few
Comment from : Brian Cardenas

buy used after the car is 2-4 years old
Comment from : gokiim

I wish 17,700 would be an actual purchase price now Several yrs later they're about $27k for new Honda's and Corolla's
Comment from : scottcline87

No we cannot see that green market okay
Comment from : Nicole Workman

Anyone could explain please why Marco did not add any interest on the lease? I am in Canada and apparently they do add an interest, but I'm not sure what that's for! 🙏🙏🙏
Comment from : Laila Hosman

So basically if you get a loan for more than 3 years it's cheaper to lease because you'd pay a year worth of interest Plus I wouldn't worry about the miles on a lease car if u plan to own Usually people get 4-5 year loans
Comment from : ViperVideo

Thank you for this help!
Comment from : Knucklehead

This doesn't consider what you're going to do with that money if you don't use it all to buy a car up front Instead of depreciating in metal, the spare 15k could be appreciating in your savings account
Comment from : Jorawar

The interest rates of the financing were not included in the calculation If the person were to pay the interest for 3 years, the amount is not just 18 740, it's more than 20k which is higher than the lease if interest rates were taken into account
Comment from : mssn316

tbh I'm just goanna buy a car instead of leasing due to idiot me not really being able to control how much I eat alot of the time so I indirectly remind myself to not eat too much
Comment from : 2B

What does LEASING cover in terms of accidents/maintenance/ etc?
Comment from : hindiakosipels

The marker in green is almost invisible
Comment from : L Darmiento

Great video I was clueless til you explained it to me Keep up the good work
Comment from : Panagiotis Stathopoulos

At the end of the day, as a person who just wants a car from point a to point b, buying and maintaining a car is just suck
Comment from : C Y

Let's use a different markerbrGreat! I can't see shit!!!
Comment from : Lazarus Slade ⭐

Can’t see the green marker
Comment from : Larry august

Historically, autos have been depreciable assets Imagine if your home went down in value each year by $5,000: would you own it (mortgage) or rent it?
Comment from : N 545ca

I've never paid over $6000 for any vehicle I've driven I always buy private party or at an auction Overall my vehicles have been very reliable and my cars generally look presentable I've often sold cars for more than I paid for them My total cost to own vehicles (not including fuel cost) for the past 20 years has been less than most people pay for one single car Going this route does mean you have to take ownership and interest in your vehicle and vehicles in general I've had to learn how to fix many things myself, which makes and models are reliable and sought after, how to buy and sell cars, where to find the best deals on parts, and where to get good used parts for high ticket items (transmissions etc) I know it's not for everyone, but the tens of thousands of dollars I've saved have been well worth any extra hassle or time I've spent This "extreme ownership" style of acquiring and keeping vehicles has given me more hands-on skills, mechanical acumen, common sense, business knowledge, and genuine pleasure than all of my formal education and most of my hobbies combined
Comment from : Jeremy Weaver

Use a blue marker instead of green Great advise!
Comment from : NA NA

Which car has 159$ /mo!!
Comment from : Ranjith Padmanabhan

Can we just buy a car like whole price? Why do we have to pay monthly? Thats sounds like too much work
Comment from : Jair Rivera

This is a older video but i’m now in the situation when i have to decide if i want to buy or lease an EV
Comment from : JDN Rotterdam

Dude you write like shit and your job is to explain this
Comment from : Axel Millan

Your numbers don’t add up on the lease side
Comment from : unrealhit88

I haven't read through all the comments but one thing you seem to omit is tax on sale vs lease I live in a high tax state with an 8 sales tax The difference in the tax paid on a buying a car is much more than that on a lease So I think the difference favoring buying is probably less than you suggest
Comment from : s1w2c3