How much you spend on vehicles over your lifetime can be significant. The more you spend, the fewer financial resources you’ll have in your lifetime budget to spend on other needs and wants. In my previous article, I looked at the financial impacts of buying new versus leasing. In summary, leasing and re-leasing a new [Learn more…]
Car Ownership
Should You Buy or Lease Your Car?
Your car is one of the most expensive items you own. Costs include the purchase of the car itself, finance costs, fuel, insurance, state fees, maintenance and repairs. According to the Bureau of Labor Statistics, vehicle-related expenses were the second highest after-tax expenditure (15%) for the average US household in 2017, between housing (33%) and [Learn more…]