Buying Vs. Leasing A Car

by James & Miel on April 17, 2009 · 1 comment

For most Americans, modern life necessitates a high degree of mobility. Unless you live in a part of the country with great public transport, you probably need an automobile. So, for all you personal finance geeks out there, you might be wondering if its cheaper to buy a car or just lease it.

Well, the answer is: it’s generally better to buy. Not only will it help you build wealth because you can drive it for many years, you will avoid getting in the perpetual issue of leasing a new car every three years.

Check out this clip from MoneyTalksNews – a much underrated video series we like to rebroadcast here on the DINKS. It explains the ins and outs of the buy vs. lease decision.

Update: For more about this, consider visiting the Wall Street Journals page on How to lease a car.

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