If you’re in the market for a new vehicle, one of the biggest decisions you’ll need to make is whether to lease it or buy it.
If you're in the market for a new car, one of the biggest decisions you'll need to make is whether to lease or buy.when making your choice, Kevin O'Leary, O'Shares ETFs chairman and judge on CNBC's"Money Court," says the first thing you should consider is how long you think you will have the car. The longer you plan to keep it, the more sense it makes to buy, he says.
"If you're going to keep it long-term or you're a collector of cars, I get it," O'Leary tells CNBC Make It about buying a car outright."But if you're short-term and every three years you want a new car, lease is the way to go." O'Leary employs both strategies himself. He owns a vintage Porsche that he says"there's no point" in leasing because he plans on driving it"another decade or 20 more years," but has other cars on 36-month leases.
He says consumers should make sure that their lease lines up to the car's drivetrain warranty. The drivetrain connects the car's engine to its wheels and allows it to move around. "The minute [the car] goes off warranty, all of the sudden you have the lease payment and every year you're investing $200 to $500 into maintaining the car," he says."So I try to tie those two things together."how much they can afford to spend when deciding whether to lease or buy. Monthly lease payments are typically more affordable than auto loan payments because they don't require you to pay off the vehicle's full purchase price.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Kevin Costner and Christine Baumgartner's Relationship TimelineKevin Costner and Christine Baumgartner, who share three kids, briefly split in 2003 before giving their relationship another try — relive their romance
Consulte Mais informação »
Kevin Feige Says Doctor Strange is Anchor of MCULong gone are the days of Iron Man and Captain America ruling the Marvel Cinematic Universe. [...]
Consulte Mais informação »
Kevin Feige Pokes Fun At Benedict Cumberbatch's Star Trek RoleKevin Feige took the chance to poke fun at Benedict Cumberbatch's StarTrek role during the actor's Hollywood Walk of Fame ceremony. 'You were an amazing Hamlet. You were an incredible Sherlock Holmes. You were the second best Khan ever. Ever.'
Consulte Mais informação »
Kevin McCarthy rips Biden admin for lack of action in Ukraine: 'We could have deterred this'House Minority Leader Kevin McCarthy, R-Calif., told “Fox & Friends” that the United States could have prevented the war between Russia and Ukraine from happening.
Consulte Mais informação »
SXSW Conference Adds Nabil Ayers, Pete Buttigieg and Kevin Mayer as Keynote SpeakersThe SXSW Conference has added music executive Nabil Ayers, Candle Media co-CEO Kevin Mayer, MediaLink CEO Michael Kassan and singer-author Michelle Zauner oas keynote speakers for this month’…
Consulte Mais informação »