Love your channel but I disagree with your equity argument. Last year my lease was up on my 2019 Honda Civic SI, because of the crazy used car market I had $8,000 positive equity situation, I sold my Civic back to the dealer and walked away with a $8,000 check. The other positive is you can never be upside down, just walk away. There are pluses and minuses to leasing vs buying it depends on what works for you, thanks
There are things also like where you live weather wise,keeping a vehicle 7 or 8 years isn’t a good idea in vermont,so iff you change it out every few years you always have a payment anyway
Don't buy.... leasing is nothing but a rental with limited miles.... crash the market by not buying and let them drown in inventory. The dummies already bought cars... let's keep this budlight going against dealers... and let's go brandon!
Leasing is ideal if you use your vehicle for work such as uber, Lyft, deliveries, etc.. you can use your vehicle usage as a tax write off. Plus as mentioned in the video you have the benefits of warranty. Buying is more ideal for personal use.
I have always been told that the money factor or interest rate isn’t what it seems it can usually run in the teens,I haven’t found a good explanation for this,this also came from Dave Ramsey so take that for what its worth
Coach, I would get the what kind of car should I buy question all the time in my shops. I would answer with a car is an appliance, act like your buying a washing machine. I would recommend leasing if they wanted a Land Rover of any model along with certain other European makes because you will have a way to get rid of it. Most people don't buy a Land Rover or others twice. I can't think of any mechanics that worked for me that ever bought a new car for the obvious reason and they could afford to.
Cars are money pits. Some more than others, but almost all are money pits. And with prices still high and going up this summer, leasing might be better. I drive minimum 4200 a year. Barely break 8000 a year. I noticed they changed leasing agreements. Instead of 2 or 3 years, now it’s 4.
Hello Coach, just a question. You advertise a repair shop on Eggert Road. Can never seem to catch the name. Can you either provide the numerical address or anything else so I can find it. Thank you.
Love your channel but I disagree with your equity argument. Last year my lease was up on my 2019 Honda Civic SI, because of the crazy used car market I had $8,000 positive equity situation, I sold my Civic back to the dealer and walked away with a $8,000 check. The other positive is you can never be upside down, just walk away. There are pluses and minuses to leasing vs buying it depends on what works for you, thanks
😊 very straightforward and balanced advice
☺️
You forgot the buyout option on the lease.
There are things also like where you live weather wise,keeping a vehicle 7 or 8 years isn’t a good idea in vermont,so iff you change it out every few years you always have a payment anyway
Good advice.
I just noticed your subscribers have tripled since I subscribed
Don't buy.... leasing is nothing but a rental with limited miles.... crash the market by not buying and let them drown in inventory. The dummies already bought cars... let's keep this budlight going against dealers... and let's go brandon!
Funny
Leasing is ideal if you use your vehicle for work such as uber, Lyft, deliveries, etc.. you can use your vehicle usage as a tax write off. Plus as mentioned in the video you have the benefits of warranty. Buying is more ideal for personal use.
Good point
My dad always said other than a house is you can't pay cash you don't need it!
I have always been told that the money factor or interest rate isn’t what it seems it can usually run in the teens,I haven’t found a good explanation for this,this also came from Dave Ramsey so take that for what its worth
I disagree I traded in my lease & got equity out of the vehicle $8000 towards my new vehicle
Love your videos 💯🔝
Coach, I would get the what kind of car should I buy question all the time in my shops. I would answer with a car is an appliance, act like your buying a washing machine. I would recommend leasing if they wanted a Land Rover of any model along with certain other European makes because you will have a way to get rid of it. Most people don't buy a Land Rover or others twice. I can't think of any mechanics that worked for me that ever bought a new car for the obvious reason and they could afford to.
Thanks for your comment
Cars are money pits. Some more than others, but almost all are money pits. And with prices still high and going up this summer, leasing might be better. I drive minimum 4200 a year. Barely break 8000 a year.
I noticed they changed leasing agreements. Instead of 2 or 3 years, now it’s 4.
Hello Coach, just a question. You advertise a repair shop on Eggert Road. Can never seem to catch the name. Can you either provide the numerical address or anything else so I can find it. Thank you.
Bellrengs Automotive / Ask for Donny Raiser (716) 362-5062;
2131 Eggert Rd.
Amherst NY 14226
@@CarCoachReports Thank you !
Question: can the lease agreement have a clause to purchase after lease? Do you specifically have to ask for that? Does it raise the monthly price?
Almost every lease has the option to buy at a predetermined price
85th Thumbs up! Great advice, but I buy.
It's affordable if mom pays for it, instead of you. so Lauren, how about that Ferrari i asked about ....😳🤑💰🤭🤣🤣🤣🤣
Hey!!! She is my sugar mama!
😂😂😂
😂
@@Kevin-mk6jo in the background, Sara Bareilles is singing " she used to be mine".....😉🤣
🏴🥃📡🥃🇺🇸