🚗💡 Should you lease or buy your next ride? Beyond the Paycheck tackles this age-old dilemma with practical advice, personal stories, and in-depth analysis. Listen now to make the best decision! #CarDecisions #FinancialFreedom #BeyondThePaycheck
In this episode of Beyond the Paycheck, Paula Christine dives deep into the pros and cons of leasing vs. buying a car. Joined by her producer, Kevin, they address common listener questions and share their personal experiences. From budget considerations to the flexibility of modifications and the reliability of having a new vehicle every few years, Paula and Kevin discuss factors influencing the decision-making process when acquiring a car. Whether you're leaning toward leasing or buying, this episode offers practical advice to help you make the right choice for your lifestyle and finances.
Episode highlights:
(01:08) Listener question on buying or leasing a car
(02:58) Kevin's experience with leasing and the appeal of a new vehicle
(03:55) The pros and cons of leasing, especially for female clients
(04:35) Interest rates and the long-term cost of ownership
(06:10) Paula’s thought process on buying a car and involving her family
(07:19) Down payments for leasing.
(8:24) Hidden costs in car leasing and common misconceptions.
(9:10) Budgeting for a car and making sure it aligns with financial goals
(12:01) Challenges with breaking a lease early
(14:19) Preparing for a dealership visit and making informed decisions.
(20:52) Outro