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Cars have quickly become most people's second largest expense after housing, and it keeps on getting more expensive!
Lease v. Own
Used v. New
Loan v. Cash
What's the right answer?! (Hint: There isn't one.)
Every situation dictates what makes the most sense. Total cost of ownership becomes a big thing to consider.
It's not just the cost of purchase. Fuel/electricity, repairs upkeep, insurance, etc. How much are tires? Brakes?
Can you have a nice or luxuries car on the less expensive side? Often times you can find nice used cars, with warranties that may reduce total cost.
By What's Up With Money?!Cars have quickly become most people's second largest expense after housing, and it keeps on getting more expensive!
Lease v. Own
Used v. New
Loan v. Cash
What's the right answer?! (Hint: There isn't one.)
Every situation dictates what makes the most sense. Total cost of ownership becomes a big thing to consider.
It's not just the cost of purchase. Fuel/electricity, repairs upkeep, insurance, etc. How much are tires? Brakes?
Can you have a nice or luxuries car on the less expensive side? Often times you can find nice used cars, with warranties that may reduce total cost.