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When to Lease a Car? When to Buy?

When to Lease a Car? When to Buy?

A friend of mine recently started having car problems. Her car was old and it is time to get a new(er) one. Being the person who obsesses about finances, she asked me what kind of car she should get. The questions didn’t stop there. Next, she asked me whether she should buy a car or lease one. While I would love to say that I knew the answer for her right away, it just wasn’t the case. To be completely honest, I didn’t even know that much about leasing a car – mainly because my parents never leased a car. They always bought the cars, thereby leaving me with a gap in understanding. Continue Reading