Tag Archives: leasing a car

Why Your Credit Score and Credit History Matter?

Why Your Credit Score and Credit History Matter?

Over the past couple of weeks, I have been helping a close friend get a new car. If you are a regular reader, you will remember that she is only interested in leasing a car despite my advice to buy. Despite my initial strong feelings against leasing, I have come to realize that there are situations that would make leasing a car a good situation – maybe not financially, but depending on someone’s life situation and priorities. After much work, we found the right car and right price, only to be turned down because of financing issues. Continue Reading

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