To Lease, Buy, or Have No Car at All? How 2022’s Used Car Market Shifts Things
The Money with Katie Show
00:00
Leasing a Car Can Be a Good Way to Save Money
The paradox of leasing. It is simultaneously the most and least expensive way to pay for transportation. Most expensive in the sense that you never own the car outright, so you always have a payment. Largest argument against leasing is that before 20 21 and 20 22, cars were depreciating assets. Their values did not go up year over year with more wear and tear. But now, well, thank you, chip shortage. So depreciating asset is code for expensive thing that eventually becomes worthless. If you like paying for convenience, it might be for you. Or you could just buy a used handa or toyota, because you won't likely have very few issues.
Transcript
Play full episode
