Should You Buy or Lease Your Next Car?

Should You Buy or Lease Your Next Car?

Author: ListenMoneyMatters.com | Andrew Fiebert and Matt Giovanisci June 23, 2014 Duration: 34:30
Matt and Andrew bicker like two five-year-olds fighting over a toy about what is the better choice, buying a car or leasing one.  Andrew gets sweary and Matt gets hangry.  Who will prevail? Unlike some of our topics, there is no clear answer to this question.  Should you invest? That one is easy.  Yes you should.  Should you go to college?  That question does not have a black or white answer.  The decision to buy or lease a car is one that will depend on the stability of your current situation and your priorities.  We’ll list some pros and cons of each. Leasing Advantages:  A lower down payment and monthly payment.  Maintenance and repairs will be covered.  You can drive a brand new car every two or three years.  When it comes time for a new car, there is no trade in hassle. Leasing Disadvantages:  You will never own the car.  You have limited mileage, typically 12-15,000 a year.  The contract can be confusing.  If your circumstances change, ie. you get a new job further away or move to a city where having a car is expensive and a hassle, you’re stuck with the lease. Buying Advantages: You can make modifications like a new stereo system.  You can drive as many miles as you like.  Eventually you will have no car payment.  You can sell the car anytime you like. Buying Disadvantages:  Your down payment and monthly payments are higher.  You have to pay for maintenance and repairs outside the life of the warranty.  The trade in process can be a hassle.  A big chunk of your cash is tied up in something that depreciates. These are all things that you will want to consider when deciding to buy or lease.  Or maybe just take Andrew’s advice and buy a bike.  In order to end an argument with no clear answer, I sent Matt and Andrew both to time out.  Andrew had to wash his mouth out with soap and we gave Matt a snack so his hanger would subside. Show Notes Edmunds.com:  A list of pros and cons for buying versus leasing. Allagash Tripel Reserve:  A strong, golden ale. Motherfucking Bike:  You just have to watch. Learn more about your ad choices. Visit megaphone.fm/adchoices

Ever feel like personal finance advice comes from another planet, spoken in a language you don't understand? Listen Money Matters is the antidote. Hosts Andrew Fiebert and Matt Giovanisci ditch the jargon and the judgment, offering real talk about money that's actually useful. Their conversations are grounded, often funny, and built on the idea that managing your finances shouldn't feel like a lecture from the wealthy elite. You'll hear practical strategies for budgeting, investing, getting out of debt, and building a life where money works for you, not the other way around. This podcast cuts through the noise with actionable steps, whether you're looking to optimize an already solid portfolio or are just figuring out where your paycheck goes each month. The tone is refreshingly direct and relatable, making even complex topics feel approachable. It's the kind of discussion you'd have with a savvy friend who's done the research and isn't afraid to be blunt about what works. Tune in for a no-BS take on financial freedom that empowers you to make smarter decisions with confidence.
Author: Language: English Episodes: 100

Listen Money Matters - Free your inner financial badass. All the stuff you should know about personal finance.
Podcast Episodes
Growing Income with the Success Triangle [not-audio_url] [/not-audio_url]

Duration: 38:52
The life success triangle has three parts, learning, value creation, and relationship building. We’ll see how they fit together to help you make money. Thomas came up with this concept for college students and it was the…
How to Use Google Finance to Make Sound Investments [not-audio_url] [/not-audio_url]

Duration: 37:19
If you want to start buying individual stocks and make your money work for you, Google Finance is a great place to conduct thorough research and learn more about stock investment strategies that will help you reach your…
Playing To Your Strengths With The MBTI Test [not-audio_url] [/not-audio_url]

Duration: 45:57
Knowing and understanding your personality type can help in lots of areas of life. Everything from choosing a job to saving money. What type are you? The MBTI, or Myers-Briggs Type Indicator is not one of those Buzzfeed…
Recovering From An Epic Failure [not-audio_url] [/not-audio_url]

Duration: 40:34
Ever failed hard? Not stumbled, but lost everything level of failure. How can you begin to recover when you are at rock bottom? Most of us probably won’t hit homeless on the street levels of rock bottom but some of us wi…
Paying for College While Attending [not-audio_url] [/not-audio_url]

Duration: 52:23
College costs have skyrocketed over the last several years. So unless you want to graduate with crippling debt, you’ll need a college job. Ideally you would spend four years with no obligation other than to study (and pa…
How To Use a Credit Card Like A Responsible Adult [not-audio_url] [/not-audio_url]

Duration: 53:29
Used properly, a credit card can have all sorts of benefits. Used improperly, it can drag you into bankruptcy. A credit card can be a blessing or a curse. Some people refuse even to touch one. But if you know how to use…
Should You Start a Side Business? [not-audio_url] [/not-audio_url]

Duration: 45:50
We talk a lot about side hustles on the show. Today we’ll discuss if you should start your own side business. A side business can be lucrative and the creative outlet that your 9-5 job isn’t. But it can be a lot of work…
Need to Find A Job? Heres How To Taking Control of Your Job Hunt [not-audio_url] [/not-audio_url]

Duration: 54:09
Looking for a job can be a full time job itself. Today we interview Adrian Larssen to learn how to take control of the job hunt process. Searching for a job sucks but there are ways to make it easier and to feel like you…
5 Questions: Stock Prices, Early Retirement, Morning Routines [not-audio_url] [/not-audio_url]

Duration: 51:27
We love answering the questions you all send in. Today we have five questions about IPO stock price, a morning routine, what we wish we knew earlier, where to save a downpayment, and early retirement. Show Notes Boulder…
Creating Mini Habits with Stephen Guise [not-audio_url] [/not-audio_url]

Duration: 50:06
There is nothing wrong with starting small. If you can't quite make the big change, make a little change. You'll get there eventually. Building habits is important but big changes can be daunting. Our guest, Stephen Guis…