Published On Jan 8, 2024
Full cost breakdown and comparison to Buy, Lease or Finance a new car or truck. In this video, I (1) explain the difference between a lease and financing, (2) show the costs and fees of each method, and (3) show how to do a real analysis of leasing vs. financing a car. With this information, you can analyze your own deals so that auto dealers can't rip you off. I also provide links to some great free resources I found to help you buy a car in 2024 or later.
Your host in this video has an undergraduate degree in Economics, an MBA in finance from Cornell University, earned the CFA charter (Chartered Financial Analyst), worked as an equity research analyst at top Wall Street firms, and has been the CFO of several software companies.
Timestamps
0:00 Intro
0:44 How Financing works
1:32 How Leasing works
3:10 Choices at the END of a lease term
4:23 Example 1: Lease a Toyota
6:37 Example 2: Finance a Toyota
8:34 Example 3: Pay Cash for a Toyota
9:09 50 State List of Dealer Car Buying Fees
**** Free Resources about buying and leasing a car ****
https://www.edmunds.com/car-buying/wh...
https://www.leaseguide.com/
https://www.consumerreports.org/cars/...
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