@MrFuchew
Refer to Scotty Kilmer for the advice Dave would give about cars were he to know about cars
@sunchaser999
Leasing is great. Zero money down. Low monthly payments. Get rid of it in 3 years when warranty is up.
@ToyotaTom04
Dave has never heard of the TILA, reg M, and reg Z regulations. All the costs of leasing are disclosed on the contract
@dakotadak100
Leasing can be favorable to owning if your business is paying for the car, or if a non profit wants to incentivize workers but cannot pay them more.
@KevinSmithdc
No matter if you finance or lease, you're going to end up spending a lot of money for the privilege of driving something nice. Leasing works for people who don't put a lot of miles on the vehicle and want to get something new every 3 years. Financing may work better if you drive a lot and plan on holding onto it longer. For people who opt to buy a used car (in order to let the "other guy" eat the depreciation), there's a downside in that one too. And that downside comes from the risk associated with buying a used car. All cars eventually break. Parts wear out. It's a huge inconvenience when that happens. Ultimately you are either going to pay the bank or you're going to pay the mechanic. Sometimes, for some people, leasing is the correct option.
@3n82
I don’t know why people have so much hate for leasing a car. If you actually do the math, and buying leasing a car to keep it actually turns out cheaper to lease it and and then buy it out at the end off the lease and if you don’t have the money to buy it at the end of the lease, you can borrow it and that loan interest rate is higher but it’s based on the lower borrowed amount. So do the math and leasing+financing for a total of 84 months combined turns out cheaper in interest cost than if you were to finance the car for 84 months.
@northamericanproductions
Peoples mindsets on buying a depreciating piece of metal that corrodes is astounding.
@1paulgood
Actually theses days cars don’t lose 70% in 4 to 6 years. For example, my sienna van is with 14k… I purchased it in 2017 for 27k.
@leninmonk
People that want to keep cash in their bank will lease a car. Instead of forking out 15k cash for a car, they can keep that 15k in their account or put it towards an investment, while paying those lease payments towards their car. What if that used car has issues? More cash outflow. But I agree you shouldn't be leasing forever, and Dave's take is on people that have no money, but continue to lease for 10-15 years. If you can find a cheap 3k car that can run you for a few years with minimal issues this is where you really win financially.
@publicaccount1589
this is all about as wrong as it gets. 48 month lease residual on a new car is 55%. you will def know the interest your paying. If you're careful and negotiate down the capital cost of the vehicle it can work pretty well. Also at the end of the lease you don't have to just return the car. If the value is more than the stated residual you can sell the car to a third party and pocket the difference to get some money back.
@JohnSmith-ok9sn
I am telling you this, as a college-trained, certified technician - THE NEW CARS THAT ARE OFFERED STARTING +/- 2020-2022 ARE AB-SO-LUTE TRASH!!! If you drove a brand new rental for a day, or two, what you had done was - you drove A BRAND NEW vehicle for A DAY, OR TWO!!! They are SO BAD now, they will start falling apart before they even hit the 10 year mark!!! And especially the trash engines, and transmissions they put into them these days, with the planned obsolescence reduced to barely even 7, and in some cases, 5 years down the road!!! Get some expertise first, then try to teach others!
@homepc1826
not in 2025
@AeonFlexOfficial
But on paper, if im paying 200 a month to lease vs 500 a month on a loan, aren't i still paying less?
@freedomworks3976
Car payments keep you poor. I make payments but they are into my mutual funds.
@TheDudeman523
Car lease residuals are around 50-65%
@GAV410
All the things in our lives are rent/lease, whatever you wanna name it. Buy a hat for $24 wear it 2 years then divide it by 24 months, there you go your lease/rent of that hat was $1 a month, and no matter what they say its all rent in our lives even cars. In most cases leasing a car is a better deal than buying it, unless one keeps cars for 10 years or so, but then again every case is different, you need to know how long you wanna keep the car, how much you gonna drive and calculate your lease loss vs owning loss, its a loss at the end anyhow, just pick a lesser loss, thats all.
@nopenope404
dont worry. god told me i dont have to make payments anymore. im the new care taker.
@sebbbycharlie7441
1 min spent talking about how good new cars are....
@xSnak3Yx
20k for a car 😂
@TheRamseyShow