Dr. Boyce Watkins to Meek Mill: Leasing Is the Better Approach

[@Reason_over_Dogma]

Owning is better if you buy a bucket and don't plan to upgrade. I have an 03 corolla. I'm going to ride that thing until it dies.

[@supadigga]

Dr. Boyce is a very insightful brother and subscribing to his channel has enlightened me greatly

[@quelz329]

I lease cars and buy rental property !

[@warcamp70]

Same here. But none of these dumbasses in the comments will never understand.

[@americancreole6299]

@Martin Molina I thought you still had to pay for maintenance with a lease too though? I am thinking of leasing next time I need a car. I always buy used since cars depreciate about 30%-40% within the first few years.

[@JamMaster0011]

Its all about more assets and less liabilities.

[@Betoven81]

what does that even mean?

[@olivionb]

Rich Dad poor Dad.

[@olivionb]

@@Betoven81 read the book, "Rich Dad poor Dad."

[@americancreole6299]

@@Betoven81 Read all of Robert Kiyosaki's books. Both a personal home and a car are liabilities because you have to sink your money into them for maintenance.

[@sbkpilot1]

leasing is not inherently a bad thing if you want new cars often... you do have to understand that it is an expensive habit. As long as you know it and you still want to spend your money this way then absolutely no issues. However, when people say leasing is a waste of money it's because people lease a car then drive it a ton of miles in excess of their lease and then buy it from the leasing company afterwards - so it makes no sense to lease a car that you intend to eventually purchase anyway.

[@_fameONE]

God bless Dr. Watkins.

[@McGarthur]

Man I love this brother. I'm wired in to his every word. Keep dropping Game sir.

[@sampriest12]

Even today!

[@youngwork]

I stay in Michigan and homes are dirt cheap in my area. I got a mortgage for 50k and brought a foreclosed home so I'm winning. People pay more in rent for a 1 bedroom apartment than what I do.

[@1122slickliverpool]

Gb two That's why I'll be back in the D in a few years. I'll do what the foreigners do. Stack my money and send it back home.

[@bballbrc]

But your home is garbage and most likely a home where no one wants to live. I own a hi rise condo in a top 5 populated city that will go up in value 10x faster than some dump in Michigan. People who are doing what I'm doing are winning IM WINNING...

[@1122slickliverpool]

Frank Assnot Are you big mad or little mad? lol

[@betrousaltaweel]

+Frank Assnot yeah everyones a baller in the youtube comments section

[@WavyFleaJay]

the correct lyric is When I bought the Rolls Royce they thought it was leased, then I bought that new Ferrari hater rest in peace. - Meek Mill.

[@thebest12700]

Kobe Irving rest in piece to the parkin lot, phantom so big wont even fit in the parkin spot!!!! lmao

[@terrishamilton9656]

thebest12700 You ain't talkin' bout my niggas then what you talkin' bout?Gangstas move in silence, nigga and I don't talk a lot !!!!!!

[@thebest12700]

Terris Hamilton lol i couldnt help it man, lol im glad you all agree. love my rap lyrics

[@lolkid4858]

Terris Hamilton I don't say a word cause on my grind I got what I deserved

[@meborelol]

Lil Rich Hold on wait a minute, yall thought I was finished?

[@rocar38]

Let me help you all. Its called the lease purchase option. Its a financial model that considers various factors. Unless you run the numbers you dont know if buying or leasing is better.

[@kidfrancky2562]

I love listening to this guy.

[@MrEherndon5]

I bought a home. It's making me money. I live in it. I'll sell it in a few and I'll have money. Buying homes is way better (in most cases) is always better.

[@karimbennett5651]

Why not just buy something like a new Honda Civic, pay it off is a couple of years and drive it for 8 to 10 more years WITHOUT A MONTHLY NOTE! And invest the money you would have spent on perpetual lease payments in assets that appreciate (securities, property, a business)?

[@notmypresident3107]

Karim Bennett best car to get is a 3 year old low mileage vehicle. New cars are way overpriced only because you are the first official owner

[@kevinros1274]

Karim Bennett because they want to show off

[@dudeguy818]

This is a great interview!

[@alanlaw116]

What people don't understand is that a car is a luxury item so pumping huge amounts of money in them is nonsensical regardless whether your buying or leasing. Your home is your home as a commodity as it is a place of refuge and shelter so makes more sense to own that. THE WORST investment ever this custom jewelry as only you have value to it.

[@rickyowens831]

Good interview

[@bawzbawz]

Leasing is always lost money. If ur okay with paying somebody else to have pleasure, then leasing is okay. It's always better to be the lessor than the lessee. The mortgages on two houses are paid by lessees. I love when people think leasing is better. At the end, it's always better to buy. Once you finished having fun, you can flip it into the new thing.

[@NRESounds]

Took the shirt fresh out the pack and threw it #Solid

[@djwarzone1]

Very good points at the end about wealth. Money is not the end all be all

[@superkb172]

it's better to own

[@bigstephmac11]

I wonder what the people look like who disliked this video lmao smh

[@njjjjjjjjhhhs]

support his show dr boyce watkins

[@djwarzone1]

Leasing a car vs a home is a totally different thing. To own a home is 10 times better. a car on the other hand it depends.cars lose most of its value at some point. Homes keep equity and can go up or down in value but still retain value. I paid on house for 15 years and now I'm sitting on 200k in equity and no more payments. Plus my wife has a home worth more that was passed down from family. Another benefit of owning. You can give it to your kids when you retire or die or whatever the case. Or when the market goes up you can cash out and go to Vegas! I strongly disagree about leasing a home. A car in the other hand I can see why one would lease. I bought I A Honda Accord New off the lot in 2000 and I am still driving it today. Cost me 23k cash. It's been 15 years had I been leasing cars u would have easily spent over 50,000 Just on regular type cars. Now for luxury cars and exotics which is what vlad drives probably then yeah probably better lease cause I'd put 200k on a house over a car any day

[@HOTHEAD11234]

Well put

[@inquisitive871]

djwarzone1 But home values are volatile, and mortgages fluctuate depending on interest rates. If interest rates go up, so does your mortgage. Homeownership should only be seen as an utility, not an investment.

[@dancgreen2]

Sorry man you are very uninformed...most people have fixed rate mortgages so the rate is locked in until the loan is repaid..only in adjustable rate mortgages will your payment rise if rates rise but even those are fixes for a period of 3,5,or 7 years then they adjust...

[@djwarzone1]

dancgreen2 thank you, i didnt even want to answer that considering i am a mortsge professional myself. Thats how i paid my home in 15 years cause it was fixed. And i paid additional principal to payoff early and pay less interest. The interest i did pay was tax deductible as well as my proprty tax.

[@inquisitive871]

dancgreen2 I'm very much well informed. Though you're right, first time homeowners opt for ARMs since they require less down payments and less caveats.

[@sidharthchand8072]

Leasing a car is stupid

[@jeffbezos4746]

You're stupid. Different strokes for different folks

[@bmuhamad]

Perhaps we can use or stock market investments to buy a home and or car. Yes, you have to be crafty in managing your monies also.

[@Krypto_Dogg]

He's flat out wrong about owning a house. In this day and age, you should own a house and plan to stay in it though. Most of the problems in my adult life have been from rent and bills. If I owned and lived at least partially off the grid, I'd be happy. I don't need to move every few years. For people that want to do that, those should lease.

[@pimpgreen8989]

Leasing 3 cars, how dumb is that.

[@ChazBlanks]

pimpgreen8989 When you only have one ass to sit in the car and drive.

[@mac1bc]

yeah I'm glad he disagreed with that nonsense. it is all for show

[@7067779311]

You are correct. Leasing is straight crazy and waste of money

[@desertflowerz89]

Thanks for not showing a thot or criminal in this vid Vlad. Dr. Watkins deserves some time to shine. I subscribe to you both. Glad to see you reaching out to someone new.

[@escobarstatus]

Leasing is for clowns........let's break this down.....cars a bad investment, but let see who comes out on top... Tony leases a 2010 escalade for $500 a month Frank bought a 2010 escalade & his payments are $500 In 4 years, Tony may switch it up & have different cars, but he'll end up paying $24k for something he doesn't own.... In 4 years, Frank will have paid $24k and his car will be paid off....he can now sell that car for cash, trade it in, etc etc....

[@TheKfilter]

escobarstatus lease payment will be lower than the car payment. If you expect to get a new car every 2-3 years leasing is the better option, especially when you compare to buying a brand new car where it takes a big hit as soon as you drive it off the lot

[@escobarstatus]

Kyle Filter not after they want that down payment

[@3ZachStone3]

the lease payments will not be $500 if the car note payment is $500....it will most likely be around 2 something...so with that same scenario the guy that leased the car in about 4 years pays less than the guy with his car note

[@SuperBmayes]

+3ZachStone3 true!!!

[@Low_pH]

i rather own a car. im not going to switch cars every year

[@nicolewatson2032]

Why is Boyce sitting on a stool in a corner? Vlad should've had him sitting in a nice chair in a studio.

[@latreseprince3417]

Dr. Boyce, I am unable to figure out how to email you directly. I paid for "The Resurrection of Black Wall Street about 2 weeks ago and never received the DVD. Please assist me in this matter.

[@antianxi4595]

Leasing a car is one of the dumbest shit ever. In fact its one of the main reasons ppl cant get out debt.

[@untitled2012]

More!!!

[@davidratcliffjr1240]

Vlad you know that if you purchase the right Ferrari the resale value goes up which means you make money on a sale! You better take Dr. Watkins to the dealership nextime so he can talk to a salesman.

[@idgafabtyou7216]

Why make payments on something u will never own. I will never lease unless it's lease to own

[@ogmont]

I just leased a truck and wish I would jave never done it.

[@idgafabtyou7216]

@@ogmont upside on that is your credit score will go up but you actually paying a company to rent a car 🤔

[@edscottable]

leasing a car is the way to go. by the time five or six years is up and the car is paid off, its just about ready to break down in most cases. an eight year old car that is still in good condition and operational, is an aberration

[@conservakid85]

Not necessarily. A lot of it depends on your driving habits and how much you drive. I only put about 9K miles a year on my truck. If I bought a new vehicle I would only have a bit over 50K miles on the odometer in 6 years. That car shouldn't be ready to break down. Even when I would have to start putting some money into repairs that amount on an annual basis is not going to cost anywhere near what the average person will pay in year to lease. Also if you need a 60+ month financing terms to be able to afford to buy then you are shopping for a car out of your price range. Realistically you should finance no more than 48 months, ideally 24 or 36 months.

[@karimbennett5651]

My Honda Civic is 14 years old and it runs as well as anyone's brand new Mercedes.

[@notmypresident3107]

Karim Bennett With Hondas and Acuras over 170,000 miles, the transmission tends to fall apart until the car just dies and it becomes too expensive too fix. If your car is over 170,000 miles sell it immediately. Personal advice and every mechanic told me the same thing

[@sylkyj]

Diversification of porfolio.

[@baldheadjamaican2551]

My money is growing but I'm losing women because I'm making that money and anit got much time. Owning is always better. My mortgage is less my co workers rent.

[@thomasthafirst2158]

thought this was about beats lol

[@mauricemaurice123]

Vlad's silly ass got the lyric wrong SMH

[@wileyjohnson5681]

Paying cash for $200,000 2018 Ferrari such a bad investment. Paying $30,000 cash for 2001 Bentley with 40,000 miles bad investment. Paying cash for any Bentley my opinion is such a bad investment for so many reasons. Paying 1to 3 million cash for any Bugatti is beyond a bad investment for so many reasons I don't have time to explain. Paying $100,000 cash for 2017/2018 Mercedes with low mileage is a bad investment, Mercedes depreciates more by year than any other vehicle. Paying $3,000 cash for 2001 Toyota Corolla with 90,000 miles is not a bad investment. If it's a standard shift transmission it's even a better investment for u. Paying $3,000 -4,000 cash for 2003/2004 Honda Civic with standard shift transmission with 90,000 miles is not a bad investment. If it's a manual shift transmission for the same price ask more questions before u purchase it regarding the history of the transmission. Paying $40,000 -50,000 cash for a new Dodge Hellcat with the 6.8 engine my opinion is not a bad investment. It's regarded as the most well developed engine of it's time and they will be the most popular classic car to search for when they are no longer in production. The Dodge Demon will also be a classic sports car years to come but it cost close to $100 grand. My opinion I don't recommend paying $100 grand cash for any vehicle. 100 grand for any vehicle.

[@IamRamotSenoj]

When You Grow Up In The Hood Meek Mill From Then You'll See Why He Spending Like That

[@DesertEagle101]

Vlad stunted on us all with his 3 cars

[@kiddo2163]

Vlad should have some nuts and just say what he wants to say, he's just like the reg Jewish media.. Find a nigga he think we'll listen to and ask the question in a way that only what he wants to say comes out.. Nigga just do an interview yourself and say what u want to say, how else could that question be answered in that context?

[@supadigga]

Vlad PLEASE keep posting Dr. Boyce vids man we need as much wisdom as possible and WAY less of the dumb shit bruh

[@js9849]

Leasing cars is stupid it's a constant bill that lowers your greatest wealth billing tool which is your income to build wealth you keep your bills low & your saving & investing high think of how much more money vlad could've made if he invested all the money he put into leasing cars into a mutual fund.

[@meborelol]

Rich people problems be like

[@rong9829]

No hate but Dr Watkins could have ironed his shirt before doing this interview. He look like he "just" unwrapped his new shirt, put it on, then rolled up the sleeves like he's been wearing it all day.

[@veneyofficial2372]

That's what you focused on during this interview? Smh

[@rong9829]

Yung DreGo It was a poor joke but I will admit I'm not a fan of Dr Watkins. In my humble opinion he tells half truths. Blacks NEED to own their own communities. Not for wealth building but primarily for protection and self improvement of our race. We are not at the level of others economically (just yet). Blacks are taxed/priced out of their homes and neighborhoods due to the fact that we tend to rent and not buy/maintain our own communities. Baltimore, Ferguson and other poor victimized communities all have the same economic similarities which Dr Watkins doesn't preach against. Only on a personal level but never in a "group" economic concept.

[@360conscience]

I agree with u doc but please iron your 👕 . there is no reason for you not to.

[@bafongue1]

You need good credit to lease good credit starts by being taught financial responsibility, taught what are interest rates and why its important to pay your bill on or before they're do. You'll always have good credit if you understand that . When you need something you will only pay the very minimum in interest Its embarrassing how many of you got bad credit shit I even had to threaten a very well known pasture that I would have him arrested in the middle of his sermen if he didn't make good on the bounced check. Dr Watkins stop talking bullshit and use the PhD in finance to educate the community please

[@dancgreen2]

Dr Boyce is Vladimir's best guest...but knowing Vladimir, he will limit his exposure because his words are too impactful much like Lord Jamar..where has Lord Jamar s interviews gone?

[@jondoe406]

Vlad pretending he doesn't understand conspicuous consumption

[@arzabrown2648]

This was silly .....what did he believe in.... he back peddled so much I don't know what the point of talking about weaith with him is

[@863fla8]

First

[@615GBodyKB]

Bihhhhh