Leasing VS. Financing A Car | Is It Better To Buy Or Lease A New Car?

Leasing VS. Financing A Car. Is it better to lease a new car or is it better to buy and finance with a loan? In this video I discuss whether you should buy or lease a car. Which is the better option? I explain the pros and cons of both leasing and financing a car to help decide which one is the better option. If you need help with how to buy a new car, watch the entire video to find out if you should buy or lease your car.
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ABOUT ME
With over a decade of experience as a professional car buyer and auto consultant, Shari Prymak has helped thousands of consumers with their car buying needs. Car Help Corner provides honest, objective, consumer advice with all aspects of car buying and car ownership. For more professional advice, check out Car Help Canada, become a member, and subscribe!

[@ThingsIBuy]

Great tip! KNOW what kind of car owner you are. When I was younger I would “buy” new cars every 2-4 years it was such a waste. I wish I was leasing in those days. These days I’m keeping my car until it dissolves in the rain LOL

[@lesterparker1594]

I’ve had 3 vehicles in 20+ years of driving. I drive it til I can’t take it anymore. 11 years on a 99 escort. 10 years on a 2011 focus, and I just bought a 2021 ranger. I’ll keep it for at least 10 years

[@dino91001]

Damn. You switch your cars faster than I upgrade my phones lol 😂

[@ThingsIBuy]

@@dino91001 switched….. past tense :P

[@lesterparker1594]

@@dino91001 for real. I still have an iPhone 6 haha

[@dino91001]

@@lesterparker1594 haha right? I just upgraded to the 13 mini from the iPhone 7 I’ve had for 5 years lol

[@zenpeacefulandcalmmusic5465]

Leased 3 cars Here is my experience Honda civic 2016 Lease 150 a month for 3 years After 3 years the pay off amount was 10,000 sold it to the dealership for 14,000 used the extra cash on my new lease Second lease 2019 honda accord sport 300 a month lease After 2 years payoff amount is 18,000 I can sell it to the dealership for 24,000 use the extra money on a new car Note these cars has low milage and kept their retail value 3rd car Mercedes Benz CLA 550 a month after 3 years only worh half of what I paid for it had to return it and pay 700 return fee the car only had 19,000 miles total nightmare of a lease Moral of this story lease cars that have great retail value keep the miles decent and you can make money on the lease

[@jianboo]

I don't understand how is that at the end of the lease ypu can sell that total lease cost for so much more?

[@zenpeacefulandcalmmusic5465]

@@jianboo If you keep your car clean and with low mileage it holds its retail value. Today I just traded my 2019 Honda accord sport the payoff balance was 18,400 I was able to sell it to the Honda dealer for 24,500 that is 6,000 dollars that I used for my new 2022 Civic. You have 3 options at the end of the lease 1) Return the car 2) Purchase the car and finance the remaining balance 3) sell your car to the dealer if the car has equity also as an example I was only 2 years into my lease and I was still able to sell it to the dealer, specially now that the used car market is so hot so i got top value for my car

[@jianboo]

@@zenpeacefulandcalmmusic5465 Thank you so much, this is my first time lease and I didn't know those options, this helps.

[@Cmdrjo]

@@zenpeacefulandcalmmusic5465 sounds like you saw the hot market and got top dollar for your lease trade. may I ask what your monthly lease payment was? Was your accord sport a 1.5t or a 2.0t. I'm looking to get one.

[@zenpeacefulandcalmmusic5465]

@@Cmdrjo 300 a month and it was a 1.5t honestly its a nice car but I traded it in and got the new 2022 civic, looks like a mini Accord but drives so much better the accord just felt to sluggish and big. Maybe the 2.0t is better

[@shineseriddick9442]

Wow thanks so much, I'm a single women , working and in school and needed a reliable car, cause when i had my used cars the mechanics where ripping me off , also I rushed into leasing didn't realize I could finance. Although my lease is up next month and with this video I understand it now. Thanks so much. Still have not figure out if I want to lease or finance the next car😢you get use to it and then doom. Although I'm glad you broke down the pros and cons. Thanks a million

[@cristianlozano1674]

Thank you for the detailed break down!! Saw a couple of videos but nun were this detailed. Thank you. Definitely financing as I plan on keeping the car I want!

[@coytus94]

I used to always be against leasing and would want to just finance vehicles instead since at the end of the term I wouldnt have a car payment anymore. The issue with that is that I found that I still had a car payment regardless in the long run, either because around that time the vehicle has aged and starts showing issues that need expensive repairs or that the repair is so expensive that I would just trade it in for another vehicle instead, and end up being stuck with a car payment again for another 5-7 years. So when you think about it, you're technically always stuck with some sort of payment towards a vehicle, and at some point you're just going to have to get rid of it anyway because of issues or whatever. So I'm honestly thinking of leasing my next vehicle. It'll be new, the payments will be cheaper, plus I'll probably eventually get bored of it and want something different anyway so I'll never have to worry about any major repair costs later down the line. If anything does happen, itll be covered by the manufacturer warranty.

[@chrisrutledge9330]

Exactly. Even if you pay cash for the car, you need to start saving each month tor its eventual replacement. Car ownership by any means simply breaks down to a constant monthly cost, that varies depending on the cost bracket of the car you choose.

[@khadorkhadour7352]

Thanks for all the good info mate👍🏼

[@Jamzkie]

Thanks, glad to know these.

[@darthvader1402]

thanks for posting. This was quite helpful

[@ReneeMullingsLewis]

What a great video !! Thank you !!

[@farah5804]

Well explained. Thanks!

[@perceivedvelocity9914]

I'm a long term owner. My goal is to buy a reliable vehicle that I can drive for ten years. My very first car was a Ford Tempo. Things were always breaking or falling off of that Tempo. I probably have PTSD from that vehicle. The experience definitely left a mark.

[@jeffpro8]

I've heard some fun stories with the Ford Tempo 😂

[@Peponlikespeson3684]

Thanks for the help will definitely remember these tips on the next 3y once my lease is done.

[@jianboo]

Thanks for sharing, you've got another subscriber here.

[@nicogaleano-monsalve6217]

Great job buddy!

[@merliefer5223]

Helpful tips thank you

[@Thankyou_3]

Awesome video Shari, appreciate the knowledge sharing. I have never leased any vehicles but I could see why a lot of people lease vehicles to have the brand new car few years because people get bored of a vehicle. I am too cheap to lease a vehicle but I am thankful that people lease vehicles so I can have opportunities to buy when they are used after the lease term. 😂

[@carhelpcorner]

Thank you!

[@gamesmaster1060]

Right now it doesnt feel that much more expensive to lease a new car than buy a decent used one haha

[@Thankyou_3]

@@gamesmaster1060 If you are considering VW, Audi and any of the German high performance vehicles…low quality after 3 years…yes then leasing is the way to go. I wouldn’t touch a German brand vehicle after 3 years old….money pit.

[@asiyasyeda8385]

ITS EQUAL TO EATING THE REMAINING AFTER THEY LEFT ON THE PLATE.

[@FirstHillSeattle]

As a couple of others have said, I think it really depends on the make of the car you are buying. BMW, Jaguar, etc have a shorter time they are reliable, and therefore if you really want one of those, you may want to lease. I’ve always been a fan of Honda/Acura so I’ve always purchased cars. And yes, sometimes I’ve only kept them for 3 years and traded in on a new one. Because Hondas hold their value so well, I always have lots of equity in my cars that translate to a big down payment at trade-in and therefore a low monthly payment to purchase. I like the flexibility of knowing I can keep it a few years, or 10 years and that I’m not limited by mileage caps. I have a 2020 Acura RDX that is paid off right now after 3.5 years, only has 25K miles and is worth around 30K. So I have A LOT of equity to use if I wanted a new car, which i don’t right now. If I had purchased a 2020 BMW X3, not only would it have been more expensive (and likely not be paid off yet), but it would also be worth less.

[@ChicaneMedia]

Both have its benefits and disadvantages but its really dependent on the consumer too. I work as a mechanic so I don't think leasing is a great option for me but it still might be better than financing in the short run. Its really specific and you really have to weight what works best and what you're willing to give up

[@marjoriej.7619]

In my experience… I’ve had been leasing because I easily get bored. I change my car every 1 year and a half. Maybe in the future I’ll buy a car but not brand new.

[@izu9596]

Good job on this

[@davestevens4193]

Pretty straightforward...for Canada. In the US leases use money factor...rarely disclosed. You picked a vehicle with low depreciation. The numbers would have been different on a Jeep Compass.

[@HeadlessChickenTO]

My wife is short term, but on a budget of public transit...its been a pain because she didn't listen to me and leased a new vehicle. I've been covering the gas and insurance all this time, and thr later is quite high because she is a new driver (another reason why I tries to get her away from getting a new car). Thankfully her lease is up in about a year and it's going back.

[@Bravokaylyn]

I think this video will be timely, in a couple months financing interest rate will go up, but leasing will stay down. Specially when it comes to people with low credit

[@lifelibertyandthepursuitof7475]

Whether "long term or short term", it also depends how much you make at the moment. If you have two cars, one can be long term and other short, so one of your favorites and other for just going around, mpg is better, etc.

[@ajayjoice]

Nice video. Can you please make a video about leaseBusters? Whether it is profitable to get lease transferred from them or not as a buyer?

[@HenryTTo]

Thank you for informative videos. It is enjoyable to watch and you have also corrected me as I was thinking lease might be better than finance until you made comparison between lease and finance and then I realize that finance is the best option. What happen if you break the finance contract? for example you have financially signed 5 years contract, then at the end of the fourth year, you have decided to sell the car. What happen to the loan, interest rates, contract, etc? I have just subscribed to your channel.

[@carhelpcorner]

Thank you! Usually financing is an open loan so you can pay it off any time you wish. If you trade in the car before the loan is paid off, the remaining balance is simply deducted from the trade in value of the car (provided the trade in value is higher than what you owe).

[@learntoloveyournaturalbody5317]

Great tip ( leased cars can be written off as a business expense). Done.

[@kelechiologwu2105]

Good presentation.

[@jamesbrown7379]

very well said pretty straight forward

[@GlarnrockFreddy1983]

I love you

[@Iknowyoumadnow]

@@GlarnrockFreddy1983 TF homosexual

[@sunpreet1994]

Looking at the current scenarios it doesn’t make sense to finance a new car.I am from canada,current difference between leasing and finance interest rate is almost 1.5% here.Also,You can always add lease protection plan while leasing and you don’t have worry about any wear or tears whatsoever ,it may hike your monthly payments a bit but at least you will have a peace of mind at the end of your lease

[@justinianoportraits]

Great video

[@workingtools2999]

Interest now is at 7.99%. 😂

[@dethsyl907]

On a lease your interest calculation also applies on the residual amount, not just on the depreciation portion (i.e. The payment portion)

[@jerrylundegaard2592]

On any car loan the interest is applicable to the full value of the vehicle. There is little difference between the interest on a purchase and on a lease. On the lease the interest is paid as a money factor (MF). The MF is essentially the interest rate divided by 2,400. So an interest rate of 3.9 percent is a money factor of .001625. It is the MF which is applied to the sum of the capitalized cost plus the residual value to arrive at the monthly interest payment. So if the cap cost is $40,000 and the residual value is $22,000 and the MF is .001625 the monthly interest payment is $100.75. This is paid each month so for 36 months the total interest is $3,627. If you took a car loan for $40,000, at 3.9 percent the total interest paid over the first 36 months of a 60 month loan would be about $3,350. The difference between the interest paid on the lease and on the purchase is mostly due to the fact you pay less of the price of the vehicle during the lease period than you pay during that same period on a car loan. As the balance of the lease amount each month is higher than the balance of the auto loan the amount of interest is bit higher Of course this difference in the amount of the price paid during the period of the lease is the reason a monthly lease payment is usually lower.

[@shushuyu]

Nice. Simple and to the point. I hope you do an in-depth review of the new civic 2022 hatchback when it's out. Also if possible it would be nice if you can touch on the trunk space compared to other cars. My coworker sleeps inside his civic 2017 civic because he travel far to and from the company. I'm getting ideas after I get rid of my beater corolla and might just go with the new 2022 civic hatchback mainly for that. It's so versatile. Hopefully it's just as big as the older generation.

[@carhelpcorner]

I'm planning a hatchback video on the 2022 Civic, Corolla, and maybe Mazda3 so stay tuned!

[@nickfunk5804]

Usually when purchasing one can negotiate a lower cost than the sticker price, while leasing I don't believe dealers would do the same. Also depending on the type of business purchasing a vehicle (asset) can be included into their rate base and therefore generate a rate of return, as in a utility company.

[@richm7471]

You can 1000% negotiate the lease

[@brucewayne7875]

Amazingly clear explanation.

[@MrAfrica1963]

Excellent presentation. Thank you for dealing with the subject following my request a few weeks ago. Another suggestion for a future presentation would be: manual transmission vehicles are disappearing. I love them. Would you consider a presentation on the 2022 Corolla hatchback and 2022 Honda Civic both manual? I understand that the Civic will have to be when the Hatchback comes out. Thanks

[@carhelpcorner]

Great suggestion I'll try to make it happen

[@canpin]

Buying cash is the best 👍

[@brinderpanesar7761]

Some of this is true...but I always really lease privately before the term is over. U reap the benefit of the value of the car which os usually higher than the buy out. You don't need to worry about the kms and/or the condition of it when u sell. U dont need to buy the extra protection insurance etc..

[@adamfox1547]

can you explain more please

[@juananaco]

Give more details

[@brinderpanesar7761]

@@adamfox1547 Ask your dealer what the value of the car is at the end of the lease and then compare what you can sell the car for out in the market. You can usually sell the car for more than you owe on it.

[@FC-qe1wl]

I see a lot of info out there that usually says NOT to ever lease, but now I am ready to lease, heres why. I have a 2018 ford escape with 22,000 miles that has engine problems that started at 18000 miles. It runs rough and is using coolant with no external leaks. Ford refuses to fix this problem dispite calling their home office. I know the old game...keep pushing it off until the warranty expires then they will say we found the problem and it will cost thousands. I could sue but the cost of a lawyer will also cost me thousands, either way Iam screwed, and have a vehicle that will sell for much less than I should get for it. So that is why I will now lease...

[@unleashthedog]

Dunno if I'm wrong, but for the cost of one car in 4 years, you can use 2 cars over 8 years basically.

[@tommiehl677]

I just ordered a new car with employee pricing. Is it better to lease with a very low interest rate for 3 years or buy it outright (cash) and then trade it in after 3 years.

[@AsansChannel]

Since the market now is horrible. We’re holding out. By the time we’re ready our car will be paid off and we will be leasing another car because it was a nightmare dealing with issues with our previous car.

[@jasmwong262]

Thank you

[@michellarabie7169]

this is all true - but if you are a tight budget perhaps even a loan is too much a month yes?

[@jadenyuki312]

I typically buy with the intent of keeping the car but I’ve had awful luck, my cars end up getting h it or something happens to where it can’t be repaired making me switch vehicles every few yesrs

[@237311]

Does the lease to buy option is better or buy and take advantage of the lower interest?

[@snoopy6135]

Thanks

[@thullraven1]

Dave Ramsey calls it Fleasing, and I agree.

[@TheHonarable1]

Do you know the buy out amount at the beginning of the lease?

[@Tee19840]

What about lease vs outright? The potential tax benefits?

[@grantnoroyan4083]

what is best hatchbacks to lease????????

[@TogetherEvery1AchievesMore]

#TogetherEvery1AchievesMore TEAM‼️

[@gaunle6542]

I am an international student. Planning to purchase a car. I plan to return after 4 years after completion of my program. Which option would you prefer me ?

[@mjclaudianava5397]

Can we pay the buy out amount right away and buy without doing monthly payment for a high interest rate

[@MikeFowler815]

Make more sense thank u

[@PaullyG]

Found a lease deal on the new fiesta st line £5800 in total for two years including deposit? Is that a steal of a deal cus I can’t find anything and I’m certainly not paying 5-6k for these 10-11 plate Audis too. Car market is pathetic

[@light1888]

i'm a long time person, i've been leasing and pay it off within a year and get my title, i've never had to buy out my 3 vehicles after the loan is done, i don't understand all this

[@keithnewton8981]

Firstly purchasing a car finance is normally 36 months so by year 2 it mostly paid off

[@mr.castle]

False.

[@gl5960]

Hey, love your videos. I am currently leasing a vehicle and I am planning on buying it. The lease agreement is up this summer. When I go to the dealership to purchase the car what fees should I be paying and what fees should I not be paying for besides the buyout value of the car. Thank you.

[@katherinesacdalan5998]

Lease has so much chargers! Such as rent fee, service contract fee, tax, etc... dealer that never mention prior on leasing.

[@Iknowyoumadnow]

..... we're talking about cars fool, not apartments, keep up

[@mrnarason]

can you do the lease buyout in cash?

[@NorthernSoulieKTF]

A bit late in the comments BUT cheapest way to buy the car in your example is to lease. $622 to finance. $344 to lease. Save the difference, $278 a month after 48 months you have $13,344. Pay off lease $12,045 and you have $1,299 surplus. I am now retired so funding new cars every 3/4 years needs careful financial planning. I have capital, but how many years does this have to last me? Whereas my pension income continues until my death, meaning I can’t outlive my pension. Leasing looks attractive on the surface but my last two cars purchased from new I have traded in my existing 3 yr old car and financed the balance. My capital is intact, after 3 years I own the vehicle out right, rinse and repeat. And it is has worked out cheaper than leasing. Tip for those who buy new every 3 years or so. Keep details of manufacturers residual value on the car you buy to use in negotiating the trade in value of your car in your future purchase. Particularly useful when buying from same manufacturer again.

[@BackBeater]

So if I buy the car Do I still have to pay money monthly?

[@jenna2026]

Cars today last 20-30 years so that is a no brainer. Years ago, everyone used to get rid of their cars before 100k miles, but cars have not been made like that in many years.

[@Casey-ry7vc]

I think you have your comment backwards

[@danielfair4675]

@@Casey-ry7vc someone has Alzheimers

[@TeethOfDead]

Lmao you must have been born yesterday kid.

[@JoseRivera-us3qz]

I’m in the market for the 2022 x5 M sport package and I’m probably looking to finance it. What is the warranty that they offer on a new financed car?

[@slimpski]

Bro if you’re buying a Beamer you should most definitely lease

[@hindiakosipels]

So Leasing covers accidents crashes or like stolen?

[@fromisheon4867]

If you want to own a car for three years, would it better to finance the car for 5 years, and then trade in the car after three years is better option than leasing even though there is something called negative equity?

[@Jajo765]

I want to change Car every 4 to 5 years. But when you do the math, lease is expensive than finance. Unfortunately had to choose finance over leasing and keep car for long term.

[@CHRISTIANNWO]

Lease is cheaper for individuals who like to always switch to new vehicles, finance is cheaper for individuals who simply want something to drive.

[@quadiwheel2141]

It's funny how people see financing as a bad thing because of mecanics, even if there's repair on the car, it's still cheaper than paying for unlimited time. The other funny part with leasing, if I put a downpayment, at the end of the term your downpayment is bye bye, if you payed 10k as downpayment, bye bye your downpayment, at least with a financing, the owner still have a value and ownership, but with leasing anyone can loose big amounts of money easily. The car warranties don't cover everything in a car, if you want them to cover everything, add 2k to 3k more to keep yourself safe from repairing and this is "if something happen", and some people think repairing enter in the changing oil, changing filters and changing tires lol... These are the standard maintenance of any car, and anyone have to know how to mentain his car properly, changing the oil every 6 months or once a year, changing the filter of oil, filter of engin and cabinet filter every 6 month or once a year, and these basic maintenance are not repaire and are not expensive at all, the oil cost 20 to 30 dollars, filters cost 5 to 20 dollars and they can be installed in seconds, so leasing a car is really really westing money, cause paying for a car for infinite time, and for every lease, people put a down payment of 2000 and the loop goes on... Renting a house is better or buying a house?! Lol

[@Renefnt]

What if you are waiting for the new redesign model to come out to buy. Is a lease recommended for a coupe of years?

[@carhelpcorner]

Yes this can be a good strategy

[@harshgw23k]

I own a 2019 sportage and had leased it using Car Help Canada membership partner dealer. My lease ends next year. Which one should be my next vehicle given the fact that I would like more Cargo space, Hybrid but I do not like CR-V and Rav-4 design at all??

[@kardousab1]

Ford Maverick 2022 Hybrid Truck

[@carhelpcorner]

Hyundai Santa Fe Hybrid has a ton of cargo space. Video coming soon!

[@Nse204]

What do you think about investing in a new gas car when so many new electric models are projected to come out in 2025? Especially if federal tax credits remain and provincial tax credits come back after the Ontario election in 2022. I'm interested in the lowest total cost of ownership and it's making me hesitant to commit to a gas or hybrid right now.

[@carhelpcorner]

Gas cars will continue to be around for a long time and for many consumers they are still worth considering. Electric cars are dramatically improving every year and I expect the financial equation will soon tip in their favour. In the meantime, I think hybrids are the perfect compromise.

[@Nse204]

@@carhelpcorner Thanks. I've read that infrequent, short trips are hard on a hybrid battery and can affect lifespan, but I'm having a very hard time finding detailed information about what exactly the parameters are. Do you have any information about this?

[@jonathanLToronto]

@@Nse204 hybrid is perfect for frequent in city driving. Gas cars' piston rings wear out 80% more if you drive below like 80km/hr for long or short which is city limit driving. Actually short distance trip is really bad for gas cars engine. Thats why hybrids work perfectly for taxis.

[@Koroodetto]

What about if you buy out your car at the end of the lease with cash and don’t need to finance? Would you still be better off if you keep the car long term?

[@carhelpcorner]

Yes if you can pay the buyout in cash then leasing could be a bit less costly.

[@randyleggett4464]

Not if you pay it off in cash. Don’t people know about saving money to get the pay off balance.

[@armadillotoe]

I bought a new Ford F 150. I take very good care of it. 19 years later, it runs like new and is still mistaken for a new truck by some people.

[@drix0404]

Have the rates for lease increase due to vehicle shortages as well? I need to buy a new car but everything that I’m seeing is selling for way over MSRP. If leases are still cheaper than I might just do that until this shortage is over and I can negotiate a better deal for a vehicle.

[@carhelpcorner]

The shortage has reduced incentives for leasing but there are some deals out there for certain models. Don't pay over MSRP. If you need to buy then try to order a car and wait a few months only paying regular MSRP. I'm making a video on this

[@Singlerose55]

That's why I'm here. My 21 year old car is becoming too expensive to maintain. Was gonna buy in December but, everything was marked up a couple grand. I'm thinking of leasing and putting the rest of what I planned to pay monthly financing away so I can buy when the market normalizes. I plan to keep my next car 10 years but, not gonna put myself into more debt then I need too. This is my backup for when my car decides to have another major issue.

[@dureidkhezmy3653]

American car for lease if in need buy car I buy Japanese car

[@AtharAfzal]

There is another point - if you finance a car - you pay the tax on the entire amount upfront - which also gets the finance portion. If you lease a car - you only pay the tax on the leased out portion of the car.

[@lazstan]

Broke people lease to look rich

[@raudhahrau8654]

@@lazstan exactly

[@asiyasyeda8385]

THE MAIN DRAWBACK OF LEASING A CAR IS 1) YOU NEVER BECOME THE OWNER OF THE CAR AT THE END OF THE LEASE UNLESS YOU 2)BUY IT TO BECOME ONE. 3) AT THE END OF THE LEASE YOU DONT KNOW IF U CAN PAY THE FULL REMAINING AMOUNT. 4) IF YOU CANT BUY IT YOU HAVE TO LEASE THE CAR AGAIN. 5) SO EVEN AFTER PAYING AMOUNT U ARE NOT THE OWNER OF THE CAR BECAUSE YOU LEASED THE CAR.

[@jamesstuart3346]

While the bank may charge you 4.99% to finance your end of lease car, the lease rate on another car will likely be much lower so why not just lease again

[@ntwalipat2]

That’d be a never-ending cycle! For those who know how to maintain their cars, it feels amazing to pay off your car & own its title! Gives you the ability to even own more than one vehicle without breaking your bank!

[@raudhahrau8654]

@@ntwalipat2 Thank you

[@zhenhuanhuang9749]

I recall that in your previous video, you said you should negotiate on the total price of the car then negotiate on the monthly payment, does it also apply when leasing a car?

[@carhelpcorner]

Absolutely. Negotiate the total price down as much as possible and that will result in the lowest lease payments

[@zhenhuanhuang9749]

@@carhelpcorner thanks a lot

[@xplanepro]

You forgot the tax benefits of leasing vs financing. Some folks almost get a full write off.

[@neels1814]

Can you please provide info. on pros and cons of finance vs cash?

[@carhelpcorner]

I made a short video on this months ago! Here you go: kzbin.info/www/bejne/gIG4qJR4nt54q7M

[@unleashthedog]

I'm thinking about leasing because I have to drive a lot for work and don't want to depriciate the car I own by raking up miles... I'm looking to find another job that won't require me to drive as much anyway.

[@shovandutta5134]

The price during finance was $29279.43 and once you change the option to lease the total amount changed to $25911. These two amounts are not the same for 48 months & 0.99% interest rates. But you are saying in the video that these two above-mentioned total prices are still the same. Listen to what you are saying at 3:30 minutes. Review your own video before publishing. It's creating confusion.

[@Namco_]

none of the 2, get a good used reliable , the car must help you take the money home don't get into debt for her

[@HungNguyen-se8dn]

The cheapest way, if you can, is buy it with cash without financing.

[@courtneylove3925]

this maybe a stupid question, I’m 19 and I’m educating myself on my options. Will Leasing boost my credit?

[@carhelpcorner]

Not at all! Both leasing and financing can certainly improve your credit as you make your payments. You need to already have good credit though in order to qualify in the first place. Only well qualified buyers with good credit receive the lowest interest rates when purchasing a car

[@pachukoking2963]

Don't lease...you be sorry. Your are 19 if you are 49 and real asshole then lease is ok. I did all that and I know what I m saying

[@Shat_Tastic]

god damn aliens in my head wtf...umm was just thinking this couple days ago O_o

[@ravenalexisss]

During a pandemic which one do you think will be better? I know a lot of cars are being sold way over MSRP now.

[@carhelpcorner]

I don't think the shortage has much impact on financing versus leasing. Ultimately the total price of the car will likely be the same either way. I have a video coming out on how to shop for a car during the pandemic. Stay tuned.

[@AM-hz3vj]

@@carhelpcorner I have been shopping around, and the prices have gone up due to the computer chip shortage for the cars... leasing is pretty expensive nowadays. I’m currently trying to figure out if I should lease now or wait until the market fixes itself (hopefully sooner rather than later)

[@betty9085]

Oh! I need a car, i have a 2 yeard old baby and I'll have a new born in 3 months. I have been being manage without car but now is a necessity. Do you recommend me leasing a new/used car or buying a used car? I think buying a car is not an option nowdays. Thanks .

[@bradrichardson8062]

Leasing is a scam

[@caprincegarg7098]

Interest Rate is now 7%

[@rohailtariq3822]

Watching in 2024 where the interest rate on Toyota’s is 7.99% 😢 0.99% sounds like a dream

[@Valentino4909]

His buy out amount was over 50% of the depreciation. He most definitely should have not done a buyout.

[@fridayvan-defoe6987]

U lease u lease for ever…

[@JakeMazurski]

0.99 % ?? It's 8.8% now

[@IamFunsize]

Thanh you 😃

[@oscarsainz9865]

Currently stuck with no transportation and lost job because of it. Should I buy a car so I can work or figure out how to get to work or even find a job without a car? I’m 20 and if I did get a car I’d get a co-sign or under someone else’s name. Ofc I’m not gonna fck em over and ruin there credit lol

[@keithnewton8981]

Where does this European car 3xpensive repairs come from

[@islandon22]

My tip: If you MUST buy a Land Rover, Fiat, Alpha Romeo, Jaguar, Audi, BMW, Mercedes, or Chevrolet...LEASE IT!!!

[@raynethh1471]

Volkswagen?

[@fabolousjada5070]

@@raynethh1471 finance it

[@Iknowyoumadnow]

Doesn't matter the type of car FOOL