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How to Money
Friday Flight - The Wealth Effect, Christmas Returns, & BNPL IRL #771
Jan 5, 2024
The podcast covers topics such as pennies and coinstar gift cards, fat 401k accounts and the wealth effect, 2024 being the year for student loans, 529 flexin, Christmas returns, new year new gadgets, leasing used cars, BNPL IRL, and a comparison between adjustable rate mortgages and fixed rate mortgages.
27:25
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Quick takeaways
- Leasing used cars is a better financial move than leasing brand new vehicles, but buying a used car and driving it for a longer period of time is still more financially advantageous.
- While buy now pay later services have gained popularity among American shoppers, it is important to be cautious and avoid overspending or taking on unnecessary debt when front-loading purchases with buy now pay later.
Deep dives
Leasing a Used Car: An Alternative to Leasing New Cars
Honda and Acura are now offering the option to lease certified pre-owned cars as a way to attract younger drivers. While leasing used cars is a better financial move than leasing brand new vehicles, it is still not as financially advantageous as buying a used car and driving it for a longer period of time.
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