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LEASING A CAR IS BETTER THAN BUYING A CAR... LEASING VS BUYING IN 2022 - Everything Explained!

Frames LEASING A CAR IS BETTER THAN BUYING A CAR... LEASING VS BUYING IN 2022 - Everything Explained!

Description LEASING A CAR IS BETTER THAN BUYING A CAR... LEASING VS BUYING IN 2022 - Everything Explained!

Comments LEASING A CAR IS BETTER THAN BUYING A CAR... LEASING VS BUYING IN 2022 - Everything Explained!

Thanks for this very informative video Great job my friend Comment from : Sunil Dusa

0 downpayment for lease nowdays is impossible Comment from : Miguel Manzur

Thanks for the information Comment from : Jose Valverde

Great video and thank you for clarification Comment from : Nicole James

why Lease a Car for$ or 5 Grand a year which means £12000 to £15000 for 3 year Lease when you can buy one for £20000 Comment from : William Gillbanks

Financing a vehicle is going to cost less a month than leasing it in almost any situation because leases are about 3 years and financing is about 5 Payments spread over five years are going to be less And that's not even accounting for the fact that the leasing situation right now is absolutely crazy because the money factors or leasing charge are ridiculously high adding upwards of $200 or so a month just to your payment Comment from : Turk Wendell

why do i feel like im getting advice from Tom Haverford Comment from : Vince Valentine

Third option, buy a used car with cash Comment from : ryan d

Great Video I hear leasing is very good for Seniors, like me Comment from : cynthia shields

I dont understand this guy The depreciation of a vehicle is maximum in the first 3 years You pay the depreciation on these crazy priced vehicles And in most cases, the number of companies giving you a zero downpayment with a low montly payment can be counted on your fingers Comment from : Anil Samuel

I would do neither I would buy a classic car At least 40 years oldbrbrIn the UK such cars are Road Tax and ULEZ exempt No MOT requirement and most are owned and maintained by enthusiasts Insurance is cheap and depreciation is nil Some are going up in valuebrbrGiven London traffic my Morris Minor is as fast as a ferraribrbrIt's a no-brainer Comment from : Ian McGarrigle

Go over your mileage allowance and you'll remember why it's not a good deal Comment from : Den S

Yes Ravi I agree, we bought out our lease vehicle and now have $10k equity Four years old Subaru Ascent But we are thinking of carvana on the subaru and leasing an Odysee For the reasons you stated Great video Comment from : Keto Man

I’m currently financing a mid size pickup truck 14k left on it Can I trade it in to lease a full size truck? Trade in estimation is 38k-40k Comment from : Ivan Herrera

Great videonew to leasing so learning a lot Can the taxes, government fees and others be included in the monthly lease payment? Advertisement of car dealership says "$$$ down is required " - what does this consist of? Comment from : georgiejr69

Hi Ravi, do u help with credit score repair ? Or can you recommend? Thanks Comment from : Jonathan Shirokov

I’m considering leasing since I work from home What happens if you have a trade in? I currently finance my car and have about $7k equity Comment from : Katie Lane

Do certified vehicles comes with factory warranty?? These vehicles can be leased as well, am I correct?? Comment from : Erick English

I drive a BMW 7-series The cost is over 90K Is it better to lease next time? Comment from : Nike Nneji

Great video, thank you! Now my question: I know you said if you plan to drive more than 12k miles a year, you probably shouldn't lease I plan to drive way more than that BUT I plan to buy the car or even use it to get a better car in 1 or 2 years after the initial lease Would that be a smart decision to lease or should I finance it? Comment from : Marcelo G

Do some leases offer unlimited miles? I do a lot of driving Comment from : joey toonZ

Can u lease used cars ? If so is that a good idea ? Comment from : joey toonZ

Hey, what credit score do you recommend for leasing a vehicle? Comment from : Satai

Hi, what is the website and process you used to help your parents get out of their lease early? Comment from : Melody L

Thanks for your great insight about the value of ones vehicle!!brbrI have a scenario that just happened today I was in an automobile accidentbrI have a 2021 Mazda CX 30br26000 miles brIt could be determined to be totaled this coming weekbrIt's a lease!brI have 12 months left at 34700 a month on my lease The residual value for me opting to purchase my leased car is set at $13,800brRoughly $18,000 total brBecause of the value of used cars has jumped through the roof, what if my insurance company pays Mazda Financial $20,000 for the totaled car? Do I get the extra 200000, which is above my remaining payments and purchase of my vehicle at the lease end???? It seems fair to mebrI've seem my used Mazda, Year, mileage, color black and condition listed at 24k to 26k!!!brAlso, should I be able to get a car from Mazda to replace the last 12 months of my lease?brbrDoes this make sense? Comment from : bs

Awesome video Very comprehensive Comment from : P M

Please provide your formula for 35 of 50k It's 175k what are you adding back in to get $19,250? Thanks Comment from : Rootabegga

If I lease a car from a New Jersey dealer and I am a New York State resident, how much will a Document fee cost me? Comment from : George collura

Great video Thank you!brI’m coming out of a lease and ready to switch from Honda SUV to lease Ford 2023 Mustang GT MSRP is 55,000brLease - they want 3,500 at down 36 months for 1000/monthbrIs this because mustangs have a bad lease deal? Comment from : Jonboy I

I didn't understand the math herebrFor leasing, after deducting 35 of depreciation, the tax must be paid on 65brDid I miss something 🤔? Comment from : Prashant Kannan

Hi Our current lease is going to end in June of 2023 Can I terminate early with that dealer and go with a different dealer on a different car ? Comment from : Tehmine Yalbuzdag

Great video I have never considered a lease before, as I tend to put a lot of miles on my cars and hold them for a number of years I am considering getting an EV next With the quickly changing technology and the fact that international manufacturers can use the $7,500 US tax credit towards a lease price a lease seems to make sense at this time Thanks for the great information Comment from : Brian and Bari Kelly

Thanks for such an informative video While leasing luxury cars is it better to lease from their own finance like bmw’s own finance? Would be great if you can tell from where you have financed your BMWs mostly? Comment from : Antarik Chowdhury

How many choices in leasing besides using a regular car dealership? Comment from : Reginald Marselus

What do you normally pay for when you do a lease? Dealer fee, document fee, etc? Comment from : Gloria Castro

I buy full size pickup and SUVs I work on my own vehicles I keep them forever i have a pickup for 39 years , 2 ford expeditions for 25 and 23 years I have barely puy any money into these vehicles I am open to this option however Thank you Comment from : Rob_V NJ

Ravi, you da man! thank you for your detailed analysis in "simple financial terms"when going to a dealership to lease, they try to confuse you and convince you that your getting a good dealI will be researching those two sites and learning a bit more I have a lease which is ending in a couple weeks and need to find a comparable car ASAP Question: how about leasing from another state from where you live Any suggestions/thoughts? Thanks! Looking forward to your response! :) Comment from : Mint Realty Group

Much better than a lease, is a Savings Club! Especially with the new half payments that they're offering Comment from : Adriano Marques

Putting $2000 down on any vehicle is stupid!! Comment from : Coach Eric

How are insurance costs on leased vehicles? Thanks! Comment from : Theresa Bui

What are your sources for the content in this video? Comment from : Animalistic Machine

When you say buy the car out do you mean like pay cash in full at the end of lease or finance it? If you mean finance how does that work does the monthly payment change ? Comment from : Wax

Guess right now can't use carvana or vroom to get out of lease Comment from : Ruijie Zhou

How much is too much toput down on a lease?? I paid way too much down ooops Never again Comment from : Gforu81

Hi i hope you help me i have plan to lease subaru crosstrek so should i buy or lease ? Or i deal with lease and buy after 3 years which one will be better thank you so much Comment from : Trinh lee

New subbed ❤❤❤ Comment from : Analyst Ayi 🧬

Thankyou for the content brI am blessed as it is timely for my personal decision whether a lease O financingbrContinue your good work! Comment from : Koko Alick

This is the video by far about how a lease works! 🎉Shukran! Comment from : Usama Said

Great info, more than i expected tbh I need to cross reference to UK and if same rules apply Comment from : Adnan

Can you lease a pickup? What are the best places to lease from Comment from : LJ

great info - thanks!!!! Comment from : Corinne Ford

Generally a good job A "negative", you forgot to mention is that places like Toyota, Honda and others wont let you sell them your leased car (when leased through the car manufacturer) Recently, Carmax had a sign up which said they wont (cant) buy cars leased from the following companies, and the list included most common car companies such as Toyota, Honda, etc I dont want a "lease company" telling me when to get rid of my car Instead, I want to trade cars "when I think" its a good time for me, such as when car companies have super specials, low interest rates, year end closeout etc Leasing through the car companies means I cant do that, and that is frustrating as I typically trade cars every 1-2 years, sometime even more often when it makes financial sense Example: Recently a USED 2022 CAmry hybrid LE (52 miles per gallon) cost $29500 new, but was worth $31,000 used (cash or trade in value), because the new ones have a 6-12 month waiting list I think that time is mostly gone, however, when we can buy a new car and sell it for a profit just a few months later This only worked with popular cars such as RAV 4 hybrid, Camry Hybrid, Honda CRV hybrid, Ford Maverick, etc Comment from : Loyal Blair

Hello would you please caculate the 125 percent for us What's the formula? Comment from : Peppermint

Thanks for this I am going to my third car now and I want to do lease because I notice I do not like to keep a car beyond two years at least I was super hesitant, but your video highlight important aspect to leasing Comment from : Damone Thomas

Quesion for you SirbrI'm looking to lease car in the next few months My intent is not to carry the debt on my books for the whole life of the lease What are the benefits of paying off your lease after a two to three months into the lease period? Comment from : Shaka Zulu

While appreciating your presentation I am confused who will bear the registration, insurance and maintenance costs of the leased car Hope you will be kind enough to clear this aspect Comment from : Shahed Naveed

One more reason to lease is if you have an accident, you don’t loose on residual value 😮 Comment from : Tital X

Thanks! Comment from : Tital X

Do you help people negotiate leases privately? Comment from : Simone Lawson

Thank you! Wish I saw this before leasing my EV at 19 and I paid 10k over msrp I wanted to upgrade the model sooner than 3 yrs but in my ignorance, made it difficult by leasing because am locked in I think Comment from : Deborah Charych

So much great information!! Thank you so much Comment from : Cliff Arnold

How do things change if you are trying to lease a newer used vehicle? Can you negotiate the residual value of the vehicle or is it set in stone? Comment from : Master Jedi

Truly Valuable information Thank you sir Comment from : SHC Equities

They misspelled "hacker" Comment from : Wade O

maintenance alone is reason enough to go for a lease especially in 2022 with these insane prices Comment from : Ark Corps

Ravi, if I decide to buy the car after 3 years of leasing it, will they consider all my payments made during those 36 months as part of the purchase? Comment from : Robert Mitchell

What if lease cars got into any accident or total damaged? Any tips for that What should I need to check before leasing a cat? Comment from : DrMshahzad

This is excellent Comment from : TG

Would leasing be good for young people ? I’m 22 years old with barely any credit history Comment from : Youngg Eli

When Leasing does your credit score comes into play Comment from : Rondy Moore

I have recently been looking at leasing (never thought i would) as I am looking at a VW Atlas Execeline but worried reliability so I thought why not lease it for 3 years If msrp is 62K is i use the 12 i get 744 Is that what i should go after before taxes or after? Thanks for the great video Comment from : Kevin Gouveia

thx Comment from : john baesv

We were given the opportunity to return our chevy Malibu early and were told by the dealership that they would send them a pay-off check for the remaining few months on the lease and that Gmfinancial,the lease cowould never call us The opposition happened GMFinancial is calling me non stop and is leaving an array of messages on my phone! Comment from : Calliopi Vogiatzis

How Insurance works for leased car, Will insurance companies give individual Insurance to you if you lease the car Comment from : Yogesh1

Due to personal reasons needing more cargo space now, I need to get a car with more rear space Four months ago I leased a 2022 Hyundai Kona The payoff is 25,300 I have checked with Carvana, Carmax, We buy your carand they offer online quotes around 23k A local Hyundai dealer even less I'd like to stay with Hyundai due to its contractual situation A Hyundai tucson has a high msrp, and even higher now due to what is happening I never thought paying more than the msrp but it is what it is now However with all that background, what more could I possibly try? Obviously I realize not much But I'm desperate Something I surely can't tell a dealership or fir sure they won't budge I literally need space now for a non expected wheel chair Thanks and I look forward to your reply Comment from : Ronn

Listening to this superior intellect is refreshing I have stopped bathing, and instead listen to him twice daily The water saving, cost of soaps and extra time spent drying off is simply unnecessary Try it Comment from : SEph

Welcome to the great reset You wont own anything but we rich fek wits will I thought slavery had been banned No its just change names They call it dont own anything peasant Comment from : Elma Fudd

Excellent video!! Thanks a lot!! Comment from : OSAMAMAful

If all you do is lease You will have a car payment for the rest of your life It's really no different than having an indefinite car loanbrDealerships do it because they make a fortune off of leasing cars out Comment from : Nicholas Amabile

The BEST video EVER breaking down leasing a vehicle vs financing Every single one of my questions was answered This video is bookmarked on my laptop Well done and thank you Comment from : LuvJJ 1814

Thanks Comment from : Naomi King

Is the 012 the money factor part on leasehacker? Comment from : Leah Martin

Thank you so much for this wonderful video 🙂 Comment from : Shaarukh Dastani

I am planning on leasing, but the MF has to make sense Comment from : ICANTBELIEVETHISSHIT

Hmmmmmm this guy is goodquestion I already have a 2015 murano with 120miles can I used it as a deposit on a leasebrNew subscriber Comment from : Beny Legrand

Very informative and helpful Comment from : Dose of Doug

Do leased cars come with car insurance (full coverage)? brWhat if they steal your catalytic, who pays for stolen parts? Comment from : FernandoP1 - Art Zone Productions

I was told that if you lease a car and something breaks outside of the warranty or if you a hit and run you are stuck with the charges Is this true?? Comment from : Maria

what happens if you have a current car you own would you trade that car in at time of lease to lower the payment? What happens at the end of the lease term when you go to lease another vehicle? Do you loose all that equity you put into the first leased car? Comment from : Alaskan Dreamer

Great video, but for the 12 rule, how long is the term? I mean you can lease a car for longer term and the monthly payment will drop, would it be 36 months? Comment from : Kel Taro

Ravi need your Comment from : Juan Barajas

I paid off my car and I've been driving it monthly payment free for the last 2 years and it has less than 30K miles Which means I'm going to drive it monthly payment free for the next 200,000 miles minimum Comment from : DaoistMonkey

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