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Leasing Vs Buying A Car - Dave Ramsey

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Leasing Vs Buying A Car - Dave Ramsey

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Leasing Vs Buying A Car - Dave Ramsey
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Welcome to The Dave Ramsey Show like you've never seen it before. On this channel, you will find all of the greatest highlights from The Dave Ramsey Show! The show also live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from our Ramsey Personalities —as well as all kinds of other video pieces that we'll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
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Leasing vs. Buying a Car - Dave Ramsey Rant

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Leasing vs. Buying a Car, which is better?

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Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
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Car Leasing Explained

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Dave Ramsey explains car leasing and why you should avoid it at all costs. Leasing a car is the worst way to get your transportation vs. buying a car. Dave explains why leasing sucks and why buying a car is always the best option.


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Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
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Millennials Leasing Cars - Dave Ramsey Rant

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Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
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Buying vs. Leasing a Car (Pros and Cons)

In this video I discuss whether you should buy or lease a car. So which is the better option? The truth is that there are two aspects to this decision.

There is the mathematical decision, and the personal situation decision. Some people like to drive new cars every three years, so they think it's better to lease a car. Some people like to drive cars longer than those three years and take care of their vehicle, so buying a car may be a better option for them.

Leasing a car is generally better if you're the type of person who likes new cars every three years. There are pros and cons to leasing a car vs buying a car. Some of those Pros is that you know you'll have a modern vehicle with all the updated amenities. However there are also some restrictions when leasing a car that you should be aware of.

Buying a car is generally the better option if you were someone who likes to hold on to their vehicles and likes the repair and work on them yourself. if you hold on to your vehicles for five or more years, it usually makes all the sense in the world to buy it and drive it into the ground. The person who owns their car can also sell their car at the end of ownership allowing them to recover some value of the vehicle. You can't do this if you lease your car.

Watch the entire video to find out if you should buy or lease your car!

Sources:
It was easiest to use the numbers from the Khan Academy video below because there are SO many different situations when it comes to Buying vs. Leasing a car that CANNOT be covered in one video. There are so many different makes, models, and manufacturer incentives that change over time. I decided to stick to a general overview for this video, along with my personal opinion at the end. For the original numbers please see the link below. Thanks again for watching! :)



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My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.

This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience.

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.

How To Make A Smart Car Purchase

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How To Make A Smart Car Purchase

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Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!

Should I Buyout My Leased Car?

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Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!

0% Car Loan Ok Or Do I Need To Pay It Off Now?

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0% Car Loan Ok Or Do I Need To Pay It Off Now?
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Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!

I Have Credit Cards And A Car Lease, But No Debt!

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Sofia has credit cards and leased cars, but she tells Dave she is debt free and wants to know what to do with extra income.

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Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, Chris Hogan, and Christy Wright —as well as all kinds of other video pieces that we'll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!

Car Payments - Dave Ramsey Rant

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Dave Ramsey rants about how horrible buying a car with car payments is and what to do if you want a new car. Dave loves cars but getting a car loan is never an option. Watch this video as Dave shares with you how to buy a car debt free and the negative impact of car payments.

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Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
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We Really Need A Car. Are Car Payments Okay?

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We Really Need A Car. Are Car Payments Okay?

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Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!

Does Buying a $25,000 Car Make Sense?

Does Buying a $25,000 Car Make Sense?
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Ramsey Network (Subscribe Now!)
• The Dave Ramsey Show (Highlights):
• The Dave Ramsey Show (Live):
• The Chris Hogan Show:
• The Rachel Cruze Show:
• The Ken Coleman Show:
• Christy Wright:
• Anthony ONeal:
• John Delony:
• EntreLeadership:

Welcome to The Dave Ramsey Show like you've never seen it before. On this channel, you will find all of the greatest highlights from The Dave Ramsey Show! The show also live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from our Ramsey Personalities —as well as all kinds of other video pieces that we'll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!

Should I Buy A New or Used Car?

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Should I Buy A New or Used Car?

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Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, Chris Hogan, and Christy Wright —as well as all kinds of other video pieces that we'll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!

Kevin O'Leary: Don't Ever Buy A Car

Thinking about purchasing a new set of wheels? Pump the brakes, advises personal finance expert and star of ABC's Shark Tank Kevin O'Leary. It could take a major toll on your finances.

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You're thinking about buying a car. Let me give you a new idea: Don't, O'Leary tells CNBC Make It.

Cars cost a fortune in maintenance and insurance and just the amortization, which means as they go down in value, you're losing money, O'Leary explains. Let's say I pay $25,000 for it. Two years later, it might be worth only 12 [thousand dollars].

Don't lease one either, says O'Leary.

Take public transportation if you can or do what O'Leary did.

When my lease came up just a year ago on a Mercedes Diesel, a beautiful SUV that was 2 years old and I'd hardly ever driven because I used so many shared ride services, the dealer called me up and said, 'Kevin, your lease is coming up. I've got a brand new car you're going to love,' O'Leary recalls. And I said 'I'm going to pass; I'm going to drive this puppy back to you, and wave goodbye to it.' And now, I don't own it anymore.

I use my phone to call Uber or Lyft and they take me around the city. I save a fortune. I feel good about it, O'Leary says. I hate cars.

O'Leary suggests others who need to drive do the same, even if you have a daily commute to work or school.

Even if you use a car every day to get to work, it's still cheaper to use a shared ride service, because you can choose the level of luxury you want. You can share the ride with somebody else, O'Leary says, referring to services like UberPool and Lyft Line. I know people that go miles for only eight bucks. They're taking advantage of a system that's actually democratizing the cost transportation. Why aren't you?

While O'Leary has anecdotal evidence, a 2017 analysis from personal finance website Nerdwallet did the math on commuting daily. It found that in a number of places, Uber could actually be a cheaper option as opposed to driving your own vehicle: Out of 20 metro areas, Uber is the cheaper option in Chicago, Illiniois; Detroit, Michigan; Los Angeles, California; Miami, Florida; New York City; San Diego, California; Washington, D.C.; and San Francisco, California, which had the biggest savings at $83 a week. However in other urban areas, including Dallas, Texas and Phoenix, Arizona a personal vehicle remains more economical. Phoenix area commuters had the highest savings at $135 a week, according to Nerd Wallet.

Whatever the case, use your savings to start building wealth, says O'Leary.

The whole idea is pay off your debts by not buying stuff you don't need, O'Leary emphasizes.

You don't need a car. You're working in a city where you can either take the subway or basically use a shared service. Try both. But don't get stuck parking $25,000 into a car. I don't need it. Why should you?

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Kevin O'Leary: Don't Buy A Car, Do This Instead | CNBC Make It.

What's The Best Way To Save For A New Car?

What's The Best Way To Save For A New Car?
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Visit the Dave Ramsey store today for resources to help you take control of your money!

Ramsey Solutions YouTube Channels (Subscribe Now!)
• The Dave Ramsey Show (Highlights):
• The Dave Ramsey Show (Live):
• The Chris Hogan Show:
• The Rachel Cruze Show:
• The Ken Coleman Show:
• Christy Wright:
• Anthony ONeal:
• EntreLeadership:

Welcome to The Dave Ramsey Show like you've never seen it before. On this channel, you will find all of the greatest highlights from The Dave Ramsey Show! The show also live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from our Ramsey Personalities —as well as all kinds of other video pieces that we'll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
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Why Is Leasing A Car Bad?

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Why Is Leasing A Car Bad?

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Become a Channel Member today:

Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, Chris Hogan, and Christy Wright —as well as all kinds of other video pieces that we'll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!

Would You Ever Consider Leasing A Car?

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Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!

TEEN REVIEW: DAVE RAMSEY VS ALEX BECKER ON FINANCING CARS (LEASE VS BUYING A CAR)

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Suze Orman: Don't Ever Lease A Car

If you're in the market for a new car, don't even think about leasing one.

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That's according to financial expert and bestselling author of Women and Money Suze Orman.

About CNBC Make It.: CNBC Make It. is a new section of CNBC dedicated to making you smarter about managing your business, career, and money.

Connect with CNBC Make It. Online
Get the latest updates:
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This Is Why You Should Buy A Car Instead Of Leasing It, According To Suze Orman | CNBC Make It.

Should I Buy A $3,000 Car?

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Benjamin's car is getting to the point where the repairs are costing more than the actual worth. He calls Dave to ask if it's time for him to move up in car.

Get a FREE customized plan for your money. It only takes 3 minutes!

Visit the Dave Ramsey store today for resources to help you take control of your money!

Become a Channel Member today:

Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, Chris Hogan, and Christy Wright —as well as all kinds of other video pieces that we'll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!

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