What’s Best? Buy, Lease, or Rent A Car

One of the day to day family financial decisions we have to make as adults is whether or not we should buy a car or lease a car.  Over the past twelve months, there have also been options popping up across America around the concept of joining a subscription service and renting a car.  Making the right decision for your family can potentially not only improve your budget, but it could also improve your lifestyle.  Here are my side by side on whether you should buy, lease, or rent a car. Buying A Car – There are lots of considerations when you buy a car, but traditionally I have only been a fan of buying used cars that are two to three years old and the large initial depreciation wears off.  You can cover yourself by buying a bumper to bumper 100,000 mile extended warranty if you have concerns about something major happening to the car, but I like the ...

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Three Reasons NOT To Lease A Car

Ownership is still one of the greatest feelings in the world.   I’m not talking about a house you have with a big mortgage because you really don’t own it yet.  The day you pay that puppy off will truly be cause for celebration.  It’s a feeling that less than the majority of people get to experience in America.   When it comes to your automobiles, I’m a much bigger fan of owning versus leasing.   The one time in my life I had a leasing experience back in 1993 with my Nissan Altima, I felt like an upside down pineapple cake by the time it was all said and done.  Since that purchase, I will only buy used cards and I will only own them.  Here are three reasons why NOT to lease a car. The Mileage Limit– When it comes to leasing a car, you need to make sure you always read the fine print.   Typically, the lease will stipulate some ...

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