419-Why Car Leasing is Simultaneously Crazy Expensive and Crazy Cheap (and How to Get Out of Your Existing Lease!)
Radical Personal Finance
Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP
4.2 • 1.9K Ratings
🗓️ 24 January 2017
⏱️ 38 minutes
🧾️ Download transcript
Summary
Car leasing is the most expensive way to operate a vehicle. Car leasing is the cheapest way to operate a new vehicle.
Both of those statements are true.
In today's show I explain why!
And I explain how to get out of a lease if you have one.
Joshua
Time stamps (courtesy of a listener):
0:00 Intro
1:50 Sponsors
4:55 Auto leasing is the cheapest AND most expensive
7:42 "Depreciation" explained
13:38 How does leasing a car work?
16:58 The major problem with leasing, and who leasing is great for
24:26 How to get out of a lease
- Book a consulting call with me: www.radicalpersonalfinance.com/phonecall
- Support me on Patreon: www.radicalpersonalfinance.com/patron
- https://www.edmunds.com/car-buying/how-fast-does-my-new-car-lose-value-infographic.html
- http://www.clark.com/new-car-leasing-101
- http://www.swapalease.com/
- http://www.leasetrader.com/
Transcript
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| 0:00.0 | Today in Radical Personal Finance we talk about car leasing. Some people think that leasing a car is a very expensive way to operate a vehicle. |
| 0:08.0 | Some people think that leasing a car is a very inexpensive way to operate a vehicle. |
| 0:12.0 | Today I explain to you why they're both right. |
| 0:17.6 | And also who is leasing the best for and then perhaps most importantly if you're in a lease and you're trying to get |
| 0:24.7 | out of the lease how do you do that in an intelligent way what are your options? And the Welcome to Radical Personal Finance, the show dedicated to providing you with the knowledge, skills, |
| 0:50.6 | background, education, and daily encouragement that you need to live a rich |
| 0:54.7 | and meaningful life now while working on your plan for financial freedom in 10 years or |
| 0:58.8 | less. My name is Joshua Sheets and I'm your host. This will be a fun one. |
| 1:03.0 | Gonna explain to you Carly singing a very factual and straightforward way, |
| 1:06.8 | and I think after this show, |
| 1:08.1 | you'll be able to understand which decision would be right for you. If you want to get personal finance people hot under the collar, just bring up the subject of car leasing and start |
| 1:23.1 | arguing about it. It seems like it's one of those things that's an elementary |
| 1:28.0 | doctrine in the world of personal finance that the people feel very strongly about. But today I'm going to I haven't really |
| 1:34.1 | talked much about it on the show and so it's time to tackle the subject with a clear and |
| 1:38.0 | straightforward explanation of it and then again as I said all those |
| 1:42.1 | options before we do that I want to thank two |
| 1:44.7 | well mention one thing and then also thank many of you for something very important |
| 1:51.4 | sponsor the day today number one is Joshua Sheets, your |
| 1:54.3 | host. Indeed me. And specifically what I want to make you aware of is the fact that are you |
| 2:01.9 | aware that if you'd like to do a phone consulting call |
| 2:04.9 | with me that I offer that service I guess I'm not very good at advertising |
| 2:08.2 | that so I get emails from time to time people saying Joshua I didn't |
... |
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