The Ramsey Show Highlights "There's No 100% Tax Break"
Sep 4, 2025
Discover the financial truths behind vehicle leasing versus purchasing. Learn about hidden costs that might make leasing less appealing than buying outright. Delve into the dangers of making financial decisions based solely on tax benefits. Prioritizing solid financial choices over fleeting tax breaks can lead to healthier long-term outcomes. Tune in for valuable insights that can reshape your approach to money management!
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Don't Lease; Buy With Cash
- Avoid leasing because it's the most expensive way to operate a vehicle and builds depreciation into payments.
- Pay cash for a car and accept any extra employer money separately.
There Is No 100% Tax Break
- There is no 100% tax break so pre-tax deductions rarely equal full dollar savings.
- Trading dollars for partial tax savings often results in losing money overall.
Make Purchases That Stand Without Tax Breaks
- Don't make decisions solely to capture a tax break; let smart purchases stand on their own merits.
- Get tax advantages only on financially sound choices and move on.