Dave Ramsey
Region: US
Wednesday 31 July 2024 19:10:46 GMT
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D Bay :
Leasing a new car every 36 months, is the best financial decision if you want a new car every 36 months.
2024-08-01 07:31:22
185
Dave Chesnut :
I often wonder if this man has like any financial qualifications 🤔
2024-08-01 00:19:04
269
Eddie :
This is true and if going over is a possibility then leasing is a bad idea.
2024-08-01 02:20:57
2
user4130026843812 :
I try to buy used cars that I can pay cash for, and drive them until it’s just not practicable to continue fixing them. My civic has over 200K miles. But, I have kept it maintained.
2024-08-01 13:06:42
8
Todd :
Yes, but I’m one that likes to have a new car every couple of years.
2024-07-31 19:50:35
24
neverexceptalways :
Finance/buy/lease. All bad investments it’s a car. Lease if you want a new car you can’t afford to buy. Finance if you’ll keep it for 10 years and don’t mind driving an older car.
2024-08-01 03:14:35
3
Bobby Flay :
I leased a 51k car for $292/mo with $2500 down. how'd I do, Dave?
2024-08-01 15:06:21
3
Devil👹 :
Take the money factor and multiply by 2400, that's your APR. Most are under 5-6%. Some are 1-2%
2024-08-01 01:00:34
2
Millz312 :
Leases are also better because if for some reason you got a bad deal, you can walk at the end, and if you like the car and want to keep it you can just refinance it.
2024-08-02 17:21:51
6
Alex Amaya :
Lexus sales rep, leases are great options for low mileage drivers and people that aren’t ready to pay cash for a vehicle. One pay lease, save taxes and purchase at the end for residual value.
2024-08-01 12:37:26
52
SuperSnake :
We leased a car and end the term early and got money back
2024-08-01 01:22:03
12
Jake Hates :
okay, I get it. But something that really bothers me is, it doesn't make a lot of sense to actually own a car anymore for most people. The cars are not made to last anymore.
2024-08-02 14:13:27
13
Will :
I’m 17 years old. Bought my Lexus a month after my 16 birthday, saved money from working for about 3 years. Proudest moment of my life to be able to buy it out right Instead of financing.
2024-08-03 16:55:20
31
FlamingRage03 :
I say you do you and I do me. If I can afford it and happy I do it.
2024-08-01 01:24:59
2
Teeruss75 :
I’ve been leading a new car every 3 years for the last 20 years. Zero maintenance including tires. Only oil changes if the dealer doesn’t throw those in for free. I’m a happy guy.
2024-08-01 02:18:40
44
Steve H :
He's way off on that 14.2%. Leasing is not a finance rate. It's a money factor at a thousands of 1%. lf you trade every 3 years for the newest and most upgrades a lease gives you equity when you get
2024-08-02 16:32:55
14
alexconstant76 :
would you ever consider a lease as a tool to remove negative equity in a car you are currently financing?
2024-07-31 21:37:02
4
Rody Cueva :
I do finance for a dealership. I promise you. We hate lease deals 😂
2024-08-02 02:53:53
32
Sim Reda :
If you don’t currently have enough savings, is it better to first save for a down payment and then get a mortgage or get a mortgage right away so the money doesn’t devalue while you’re saving it?
2024-07-31 21:51:54
1
saunders1988 :
I managed to lease a new Nissan juke for 0 deposit and £287 per month no nasty suprised. if I bought used, depreciation too, maintenance, hassle of buying/selling private. Not bad leasing imo…
2024-08-01 07:07:07
2
Jason :
But the offset to always leasing is you’re never putting money into (major) maintenance when things start breaking
2024-08-01 02:36:44
39
Steven :
Leasing has too many benefits. Gap isurance, option to buy car at a fixed value in future.
2024-08-01 17:56:44
0
Joel :
I’ve never understood why people lease a vehicle. In Virginia you still have to pay property tax on it every year just like you own it.
2024-07-31 20:48:57
2
user43559437040 :
Just put the car on a credit card
2024-08-01 01:27:13
4
nadjmeddineboudje :
I work at a bank and believe me this is great advice
2024-08-01 21:16:49
2
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