May 07, 2025

Should You Buy, Lease, or Hold? Car Buying Decisions in Retirement (Ep. 92)

35 minutes

Buying a car can be exciting, but it can also be financially confusing, especially as you enter retirement.

How do you decide between leasing, buying new, or buying used? What financial factors should retirees consider before making a vehicle purchase?

In this episode, Josh Leonard guides listeners through the key financial and personal considerations when choosing a new vehicle in retirement. He compares leasing with buying, discusses the impact of interest rates, and shares tips to make smarter purchasing choices without breaking the budget.

Josh discusses:

The pros and cons of buying new vs. used vehicles

Leasing versus purchasing options, highlighting factors like mileage, monthly payments, and long-term costs

Financing strategies, including interest rate comparisons, pre-approvals, and the tax implications for retirees

The importance of budgeting for car expenses in retirement

Personal stories and anecdotes around car buying experiences

And more!

Resources:

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