Should you lease or buy a car in 2023 get the facts.

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Information Should you lease or buy a car in 2023 get the facts.

Title	:	Should you lease or buy a car in 2023 get the facts.
Lasting	:	17.12
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Views	:	23 rb

Don't know if anybody mentioned it but as long as it's leased it has full warranty the whole time you leased for
Comment from : Chris Thomas

Way to get your steps in while you give us quality info Multi-tasker
Comment from : Ricky Patterson

pay in cash
Comment from : tom walma

Giod morning 🌄 Tim personally I'd rather buy an older SUV or pickup with a lot of miles that has a proven track record for reliability and durability like Toyota and Honda
Comment from : Bob L

The most expensive way to buy a new car is to lease it Why do you think EVERY car dealership pushes a lease The “hidden” finance rate is way above the loan finance rate
Comment from : T G

I think I am FIRST!! Maybe?
Comment from : Craig Smith

The buyout on the lease theory is not true If you have so many miles that the value of the car is less than the buyout price, you have to come up with the difference upfront
Comment from : Harry Slater

I love Dave Ramsey but his elitist thing of "ya got to have a million dollars net worth" to buy a new car isIMO bullhonk Last year my husband and I had a 25 year old car giving up the ghost and we had an out of town wedding to get to ( rather drive than fly ) so we had ordered a car and New ones costed less ( no joke ) than used that month It's got a warranty and repairs on the other two were costing us near as much as a car payment I'm not gonna wait until I'm a millionaire to enjoy new car smell and the thrill of German shepherd black and tan interior! Phooey on that We are natural rabid savers LOL
Comment from : Mandy Simmons

Thanks!
Comment from : Bonnie Collier

Great information brThank you!
Comment from : Brix Moore

A positive outlook drives you to be productive and creative Crush it Tim Jeremiah 29:11 all day!
Comment from : Southwest N8tive1912

buy used
Comment from : james samuels

Another advantage of leasing it now and buying it in 3 years is that the tax you will pay in 3 years will be based on reduced purchase price and not the full sticker price
Comment from : Ricky Bansal

Hey Tim new subscriber love your content i have a 2013 Honda accord sport with 89000 and drives great and is paid for and i paid about 7500 used about 4years ago and plan to drive it to the wheels fall off
Comment from : Tony haler

Thanks, really smart because cars trucks go an easy 200K miles now
Comment from : Andrew Bartholomew

I just bought out my leased 2019 vehicle in April I originally leased it in 2019 I paid $6K under market price I really like leasing
Comment from : The Silver Sergeant

I have nothing good to say about leasing an automobile based on family experiences One family member got hammered on the excess mileage charges upon turning the car back in and another couldn’t terminate the lease early after the death of their spouse which is weighing heavily on monthly finances Not a good situation for a senior to face Agree that buying a vehicle that’s 2-3 years old which may have come off a lease, there was significant price depreciation and has low miles gives a great value for the money I have made a purchase like this in the past and made out well
Comment from : Bruce Smith

Yeah my 2020 ram lease is up in August I have 29,000 miles on it I leased it with 2,000 down and $398 a month Now they want $8,000 down for $580 a month That's not happening I might just buy it out there is 29,000 for the buy out
Comment from : Bill Sanford

Your analysis failed to compare the NPV of the cashflow of lease vs purchase WHY?
Comment from : s b

Hi Tim, great channel , how did you the four runner that must be a 11-1200 monthly payment
Comment from : Expat in Patagonia Argentina

Tim Hondas are the best I have been buying Hondas for over thirty years I have a 2019 Honda Accord Touring 20 t and I Love it My old Accord was 17 years old and had 302000 miles on it and it ran perfectly I also have a 2012 Honda Ridgeline and my wife has a Honda 2012 Honda Pilot However I do love Toyotas My first Japanese car was an 88 Toyota Supra and I Loved it Toyota and Hondas are the best
Comment from : Barry Deaton

Hey Tim I think it’s best to buy the car cash outright f…that finance
Comment from : Anthony Ariola

I will probably buy a used car for about 5K I can pay cash and get about 5-6 years out of it
Comment from : rutniktrainer

Or just be a real man and get an old pick up truck and work on it yourself lol
Comment from : WillZpi Z

Pay cash for a 2 year old car Drive it for 8-10 years
Comment from : Lon Woock

Cars don’t loose 50 in three years unless you put a lot of miles on it or the car is not a desirable model… I trade my cars in ever three years and loose about 20 but have made money on my last three electric cars with the tax rebates…
Comment from : Fred

Is leasing 60 month and buying it after?
Comment from : Matt Domingo

I have a 2020 Volvo Xc90 i put $1,400 down i pay $498 a month 10,000 miles a year 36 months $53,000brbrI went on memorial day trying to lease a 2023 they want $740 a month Insane
Comment from : Barsquad

Basically, lease if you either want a new car every 3 years or as a way to get a car you're sure you'll want to keep for the long haul, cheaper
Comment from : Romes Republic

appreciate the perspective and advice!
Comment from : Chasin Simplicity

I'll never buy another car no matter what happens I own my 2015 smart car with 28k miles on it and I own my 2006 scion XB (toyota corolla) with 140k miles on it (had it for 13 years) and I owe 7 grand on my 2013 Honda Ridgeline I will fix whatever goes wrong with all of them because it will be cheaper than trying to get another vehicle
Comment from : Joesep Spindel

Thank you for the wisdom!!!
Comment from : Sliceofpi

I am going to get a car in a week , leasing never cross my mind till I started seeing this videos
Comment from : Pikoes01

Is it a good idea to lease Acura mdx
Comment from : MASTA SQUAD SOUND

All this is new to me, so please 16:59 bare with me brLease is better if you won’t be putting a lot of miles + the lower payments However it is good to buy after the 3 years and just get it financed?
Comment from : Lizbeth Vargas

I rather lease than buy unless it's my dream car or I plan on keeping it for 10 or more years
Comment from : Black Lyfe

Putting any money down on a lease does you no good You don't get that money back Only if you want a lower lease value At least from my understanding Good video!
Comment from : BY

Great advice! Three years ago I leased a jeep wrangler 2020 and the term is coming to an end They are offering me lease-to-buy (don't know how much they offer yet) Looks like my car worths $33000 according to car max (my low milage of 25k after three years) Assuming the jeep dealership/the leasing company is offering me $22000 to buy the jeep (sticker price $36000 minus what I have paid $14000), I should buy it, right?
Comment from : Ming D

Plsss the way these manufacturers are building mainstream vehicles today, they won’t last as long as they use to…they want u to keep buying cars over and over because of the cheap parts and the amount of shortcuts these manufacturers make to produce vehicles you are bound to have issues I know this because I work for a automotive company I have friends who work for other automotive companies I currently lease a 23 BMW x3M and no, I do not work for BMW I rather lease any day These cars have enough reliability just to get you by for a few years or so imo
Comment from : Mr Lambert

I’m looking to finance a 2020 Mazda CX-5 Grand Touring for $23,500 it has 25K miles on it and am looking to put 30 down (clean title, no accidents) Do you think it would be a better idea to lease a brand new one ($3K down and mid $300 monthly payment) for a couple years and wait until the used car market goes down?
Comment from : H Willy

I was leasing a Kia Sportage and it got stolen Now I need a new car but I’m not experienced enough in this area to know what to do I have a remote job and so I barely even drive I’m not sure if it makes more sense for me to buy something or maybe do a short lease until prices become more reasonable
Comment from : RobNas

So I am looking to buy a used car from lexus If my intention is to keep and drive the car for at least 5yrs+ would it make sense to lease to buy or finance the car? I heard that used car prices were going to go down since there will be a high influx of used and new cars entering the market(carvana bankruptcy & surplus of chips) Would it be better to just lease for now and wait until prices cool off for 2023?
Comment from : LawpChurng

Purchase: NahhbrLeasing: Even worse than purchasingbrStealing: I only steal basesbrHand Me Downs: that's my kind of deal !
Comment from : 1Smoking Lizard

I have a blue civic si 2020 I got in April 2020, the buyout price at end of lease Is 16,500 It’s worth 24,500 now
Comment from : Tim DeFrank

Great advise and very practical without adding too many complexity also you mentioned at the end of the discussion that the best thing to do is to pay cash for a 2-3 yr old car with solid reputation best advise ever but for those who want the new car every couple of years, leasing is not such a bad idea provided you are savvy with the numbers and start with cap cost reductionbrThis is one of the best videos on the subject i have come across
Comment from : Stephen John

Great Video!!! By the way what sunglasses are you wearing?
Comment from : Manuel Alejandro Gonzalez Abreu

great advice! I enjoy ur videos
Comment from : Cyber Zan

The solution is simple Tim: Everyone buy a new 4runner and drive it for 25 years
Comment from : Wild1995

Personally I think its a huge waste of money to lease a car All my friends and coworkers do it and they always want to drive a new car They are just burning money The lease offers are a joke I know someone who is leasing a Hyundai Tucson and they would not give her the lease deal advertised by Hyundai on TV They laugh at anyone buying a used car how much they are over paying The lease deals are equally funny for how much money people waste My friend just bought a new Honda CR-V in Broward She turned in her Honda HR-V with 70k miles and 8 years old They gave her $14k for it at the dealership Those Hondas hold their value What car after 8 years has more than 50 of its value? Sadly, they will put it on their lot at $20k and laugh their way to the bank Easiest $6k they will ever make And it will sell in one day
Comment from : Wild1995

If I cant pay cash for it, I dont buy it, if the recession is coming as forecast now may not be the time to make any huge noncash purchase jmo
Comment from : Doc Ink