041 – Should You Lease or Finance a Car?

Thinking about getting a car? Are you planning to lease or finance? Maybe even purchase the car outright? Which is the best option for you? In this episode of Using Your Power, David Andrew Wiebe and Maveen Kaura discuss the upsides and downsides of leasing and financing a vehicle. For more by Maveen Kaura, check out Discoveryourlifetoday.com. Episode 41- Should You Lease or Finance a Car?Podcast Highlights: 00:00 – Audible intro 00:35 – Introduction to our topic 00:57 – Leasing reason 1: Lower monthly payments 01:21 – Finance reason 1: No restrictions 01:54 – Leasing reason 2: Negotiate better rate / down payment 02:10 – Finance reason 2: No sales process every 2 – 4 years 02:57 – Leasing reason 3: Driving less than the average 04:02 – Finance reason 3: Dealerships give you good discounts 04:30 – Leasing reason 4: Usually less wear and tear on the car 05:02 – Finance reason 4: Don’t have to fix damage on a financed car 05:40 – Leasing reason 5: You have a business, or you’re looking to get a new car ever few years 06:36 – Finance reason 5: Need higher payments to offset income in business 07:07 – Maveen and David discuss advantages and disadvantages of both 11:00 – We learn financing in school not leasing 12:20 – David’s final thoughts 12:58 – Maveen’s final thoughts 13:46 – Outro The post 041 – Should You Lease or Finance a Car? appeared first on UsingYourPower.com | with David Andrew Wiebe & Maveen Kaura.