LEASING Y0UR WAY INTO DEBT!

Has a car dealer tried talking you into leasing a vehicle? There is NO good reason anyone should lease a vehicle-period!

Leasing is another way to rent what your paychecks can’t purchase.

Leasing requires some type of upfront payment ( dealers tell you don’t need anything up front, put you don’t get the low payments if you don’t). You pay all maintenance and repairs, a mileage stipend for every mile you drive over the lease agreement, and at the end of the lease you don’t own the car and you have to pay an additional amount if you want to buy it.

Does it sound wise to you to be leasing a new vehicle every two to three years? Why not buy what you can afford, keep it for at least 10 years ( depends on your yearly mileage), and put away the money that you would be spending monthly on a car payment.

People are worried about the decline in the stock market and through away money on car leases!

Leasing a vehicle for three years that costs about $23,000 would run you $13,500 ( assuming you get the security deposit back). But you don’t keep the car at the end of the lease. Financing for three years costs about $26,000 but at the end of the loan period you have a vehicle worth about $14,000.

Another definition for leasing “You, too, can drive a car you can’t afford”.

Jacques
CreatingWealthThatLasts