855.587.2886 help@caredge.com
Ray Shefska pointing

Find the perfect car for you!

Select a car to get started.

Should You Lease or Buy Your Next Vehicle? | Episode 5

Last updated Apr 25, 2023

Read the buy vs. lease guide here: https://caredge.com/guides/buy-or-lease/

Access the Out-the-Door Price Estimator here: https://caredge.com/out-the-door-price/

Visit our sponsor here: https://findthebestcarprice.com/insider

Ah, the age-old question: Should you lease your next automobile or buy it instead? Conventional wisdom once told us leasing wasn’t a great idea because at the end of the lease term, you’d have nothing to show for all the money you’d spent. But as cars have gotten more expensive, leasing has become a popular way to get relatively low monthly payments on a new vehicle without putting down a lot of cash.

So what’s the right solution for you? Let’s take a look at some of the pros and cons of leasing and buying, then we’ll talk about what type of owner you might be to help guide your decision. And last but not least, we’ll go through a couple of key concepts—what money factor is, and why down payments are two totally different things in leasing versus buying. 

Should you buy or lease? Let’s find out!

spotify-podcast-badge-blk-grn-660x160 US_UK_Apple_Podcasts_Listen_Badge_RGB EN_Google_Podcasts_Badge

COVERAGE YOU CAN TRUST

CarEdge Extended Warranty

Peace of mind without the markup.
Flexible terms & pricing.
Coverage details

 

Email newsletter

Get instant access to members-only resources.

We'll email you updates
Or, we can text you
Hidden
Subscribe to receive:

Do it yourself

CarEdge Data

$9.99 $7.49 monthly subscription

Unlock now
Pay a fair price with insights and data to make informed car buying & selling decisions.
Market Insights

CarEdge Fair Price

10 CarEdge Reports monthly

20% off additional reports

Black Book Valuations

Learn More

Best Seller

Help as you need it

CarEdge Consult

$75 $56.25 per 30-min live session

Schedule now
Connect with an industry expert at your convenience.

Personalized 1:1 guidance via video or phone call
Expert help in selecting a vehicle and negotiating the fair price
Assistance with trade-in, financing, leasing, insurance, and warranties
Empowering you to make informed decisions effortlessly

Learn More

We do it with you

CarEdge Coach

$99 $74.25 monthly subscription

Buy now
Get guidance and maximize your savings with an industry expert in your pocket.
Car Coach Live Chat

Discounted consult calls

Deal School

CarEdge Fair Price

Market Insights

9 CarEdge Reports monthly

20% off additional reports

Black Book Valuations

Learn More

Auto insights. Right in your inbox.

We'll email you updates
Or, we can text you
Hidden
Subscribe to receive:

Get the latest trends and money-saving strategies, once a week.

We'll email you updates
Or, we can text you
Hidden
Subscribe to receive:

Related articles

The Best Time to Buy a Car Is Here

The Best Time to Buy a Car Is Here

Is there truly a perfect moment to buy a car? As it turns out, there most certainly is. In fact, the difference is so...

1 Comment

  1. Michael Oliva

    Loved this podcast. Our situations are similar Ray. I love leasing because I used to always trade in after it was paid off so I always had a car payment. Now I have a better car a lower payment and a vehicle always under warranty. My wife doesn’t understand this. She thinks just as your wife did. She bought a new Subaru Outback and financed it for 5 years.?

    Reply

Submit a Comment

Your email address will not be published. Required fields are marked *

Share This