Car Leasing Explained

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Title	:	Car Leasing Explained
Lasting	:	8.43
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Views	:	1,2 jt

Everything he said is true, UP UNTIL he starting lying about these car companies making incredible durable carsAll of the Manufacturers that he named make HORRIBLE CARS as far as reliabilityTechnology means nothing, when it causes your car to be UNDRIVABLEWhen that happens, we mechanics call them expensive lawn ornamentsBecause they just sit there & they look goodGet an older TOYOTA or HONDA, that you can pay CASH for, & keep the rest of your money in your pockets
Comment from : @user-gq2yv2bs8g

The leasing explanation is terrible
Comment from : @roydelray9461

Bullsheet these new cars are garbage designed to break down compared to older cars
Comment from : @Government_Username

I’m not from the country, I’m from Brazil 🇧🇷
Comment from : @marlonwesleymacieldacosta1087

I should have went back to school, to learn finance 🤔
Comment from : @ThetrueTeddyB

I view car leases as dressed up balloon notes
Comment from : @curtcoltharp3719

Some things that he said don’t add up
Comment from : @carlostejada09

only advantage, to leasingis all maintenance is mostly covered by manufacturer so when all those features with sensors go haywire, and btw, cost thousands to fix in some cases, its on them and its hard to get independent shops to work on them because they don't have the nice 50k computer to program everything
Comment from : @johnhudson3095

One flaw in the thinking the residual (future) value Case in point all those Tesla customers who bought those Teslas before Tesla dropped the selling price by $5000 or the value of Audi when they suffered "sudden acceleration " problems A car is not an investment it is a depreciating asset Buy what go's up in value v rent (lease) what goes down Final thought high mileage and damage always effect the value of a used car
Comment from : @earllsimmins9373

U did not explain shit! I was hoping you would explain the math and not BS ur audience The interest rate is disclosed called the money factor or u can ask for it as well… all cars are great B S
Comment from : @abetamana95

This is old school thinking Money Factor and APR are more closely appropriated these days Car mfg aren't stupid? You're right They're going to remain competitive with the guy down the street Competition rules the day and the consumer has a choice Lexus will lower their residual to remain attractive and compete with BMW, or Audi, or whomever The consumer will win if they look around My grandpa use to say that leasing is fleecing He also said "get off my lawn"
Comment from : @Station2Station-du2gh

I switched off within the first minute Too biased already Just state the facts, and let us decide whether it is a rip-off!
Comment from : @marcobagut

Sorry but this guy is a clown and doesn’t understand what he’s talking about Not good advice Check with Ray and Zach
Comment from : @robertherman1146

at 70, i leased a new, custom order Porsche Macan [reward self] Got a nice tax deduction for my photography business and instead of laying out $80k cash, i invested in aggressive index funds In three years it will have low milage, garge-kept and maintained by me Porsche So i might purchase it at a price well below its used car comparable Sure, it might make better financial sense to buy a used car and my lease is not a "sound" use of money, but I can afford it and and you cant put a price on the joy of driving a Porsche on my northern California coastal roads
Comment from : @oxxxeee

New Sub!
Comment from : @miniaturescookingandmore6583

Wow this vid didn’t age well lol - 2024 just bought my lease car for $32k, already offering me $48k to sell it
Comment from : @SittingBearProd

That was a HORRIABLE example of leasing
Comment from : @fdarbone

If your buying the right car, civic, corolla, crv, rav 4, outback, crosstrek, tacoma, pilot ect That looses only 40 after 5 years its not too bad
Comment from : @Hallowsaw

First of all a car does NOT lose 70 of its value in 3 or 4 years Simply not true unless its damaged severely or run in to the ground
Comment from : @ericharding92

Love the Tennents larger glass
Comment from : @dof674

If you can’t buy paying cash you don’t buy any thing
Comment from : @sanjaypatelmd4669

I don't know acura compared to lexus leasing, which is a big difference in price, but I do get your point, but I'm still glad leasing is still an option
Comment from : @robertomontalvo7099

His example of a 20k car is pretty cheap most new cars are twice that I think you’re getting more fleeced spending 40 to 50k plus interest when it’ll lose 70 of it’s value not to mention the maintenance that comes with it 👀
Comment from : @Dove88

IT DOESN'T MATTER IF YOU LEASE A CAR RENT A CAR FLEECE A CAR OR BUY A CAR YOU GET TAKEN FOR A RIDE! YOU LOSE MONEY THE DEALER ALWAYS WINS!brbrTHATS WHY PEOPLE STEAL CARS! 😉
Comment from : @darrellhorner500

I would love an opportunity to present and EXACT purchase in parallel with a lease on the same vehicle You are more protected, and have more options with a lease every time
Comment from : @MarkCombs-o5i

what inlike about car lessing is that you dont need the best credit and also lessing monthly rate is wsy cheaper than buying
Comment from : @elel4284

You are not factoring in that you can write off almost all of your expenses related to that vehicle, to include gas and mileage Definitely better to buy as a consumer, WAY better to lease as a business and that is something you don't talk about!
Comment from : @nyintell1

I wish I saw this before I decided to lease a car in the advice from friends 😢
Comment from : @keikol7110

Haha unfair representation of leasing, plus if you know about money you know leasing saved most people money
Comment from : @williamwobbeking3285

Why would you buy a depreciating item? Why buy a $200,000 house knowing in 4 years it will be worth $7,000? You wouldn’t So, why buy a car?
Comment from : @mrdynamite2543

I knew this video was hella old because his numbers made no sense
Comment from : @DegustHD

What if your goal is not to keep the car?
Comment from : @joeysiharath7629

the most long winded video ever that doesn’t answer the question
Comment from : @bennigorgeous

This was a horrible explanation
Comment from : @wasteoftimegames

Thankyou
Comment from : @oyvey3214

My $15000 bmw I bought used 10 years ago has cost me $15000 in repairs and maintenance for a total of $30000 Would have been just a little more to lease and I would have saved time and large lump sum expenses
Comment from : @thewezzley

I love Dave Ramsey!
Comment from : @nategoeslive

Are there any advantages on a lease to own the car as opposed to just financing?
Comment from : @amedmayorga3375

Who is this guy talking to
Comment from : @mrsir777

Bro couldn't be more wrong here
Comment from : @cblue3581

It’s just 2400 divide or usually multiply
Comment from : @andrewshenton6541

But what if I don’t actually want to own the vehicle?
Comment from : @aaronmarkham4424

Scotty Kilmer disagrees with the car quality statements lol
Comment from : @nagantm441

wow I thought paying the lease payment covered the interest as well
Comment from : @coolbuddydude1

If you only have $100 in your bank and you start a new job the next month But you need to a car to get there should I take a loan on a car instead of Leasing
Comment from : @Arjun-be8kh

Not sure i would call all the recalls incredible!!!!!!!
Comment from : @andrewshenton6541

Interest rates are called money factor which is x2400
Comment from : @andrewshenton6541

Hearing this video in 2022 Makes this guy look like a clown
Comment from : @smaniang

New cars are trash Kidding me? Fine vehicles? Nissan’s are awful and they just need to stop with their garbage CVT transmission Car companies are really good at engineering flaws into the vehicle so you pay more (cough Mercedes) Or they rent that trash car to you, and by the time the lease is over and you do a buyout, it starts falling apart Buy a Toyota and save your wallets Or get a Lexus if you’re ballin like that and you have NO DEBT
Comment from : @EJ1991

$6000? Try again
Comment from : @JackTimothy

strong bias against leasing with no actual explanation, gave up in the middle waiting my time
Comment from : @kacperserafin3858

Always come here watch these videos again to help me remember don’t lease or buy a new vehicle lol
Comment from : @NYVonix115

So not choose a Private lease ev?
Comment from : @jdnrotterdam2150

I like Dave's explanation It's living within your salary I make decent money, but my parents taught me to live below my means I buy used clothes on eBay since it's often times hundreds of dollars less expensive and clothing on there is generally like new I don't buy into fast fashion, and prefer to buy a used pair of good jeans or a good sweater used and keep it for three or four years I chose to buy a 2012 Subaru Outback since the car was at my price point and I could afford it without having a down payment plus car payments thereafter I also make most of my meals at home and only go out 2-3 times a month I also grind my own coffee since it's cheaper than Starbucks and the coffee I buy tastes fathoms better than theirs anyways These little lifestyle habits can mean thousands in savings and fewer headaches
Comment from : @colechapman6976

Great adviceNissan is trash, though
Comment from : @schroedergustav5754

This didn’t help at all 😂
Comment from : @AshleyJohnson-wv5ru

These Nissans are really good cars 🤣
Comment from : @fyc7116

I’m sorry, but this guy is delusional
Comment from : @timbynum

Car payments keep you poor I make payments but they are into my mutual funds
Comment from : @freedomworks3976

I don’t understand how people don’t intuitively get that leases are a terrible idea At least with a car loan you have a car you can keep a long time when you pay it back Leases just let you temporarily have a car you can’t afford at a price you can’t afford
Comment from : @tylersanders2388

Bought my first car "Dave's Way" and it spent more time in the garage than it did on the road (so much for "top-notch" quality)brOn a Saturday afternoon my "everyday millionaire" next-door neighbors came home in their "fleeced" car and saw me struggling brThey said "That's why we lease our cars, Tyler! To avoid those headaches!!!"
Comment from : @15KHPCLUB

Thanks for the info
Comment from : @Eev101328

How are Mazdas? I'm looking to get one
Comment from : @dricketts91

He’s obviously not a car guy lol he said Ford and Nissan 😂😂😂😂
Comment from : @KB24isClutcherThanMJ

I have this argument with so many people all the time Unfortunately they still believe "Fleecing" is anti depreciation and the "best" deal
Comment from : @amitsidhar

Anything you lease and do not make more money from will never be a good value
Comment from : @thabangmokoena8428

This dude is a hypocrite, he drives new cars, his children drive new cars, his word drives new car But he doesn’t want you to drives a new car because you can’t afford it brYolo, if you don’t drive what you want new, you may never drive it again in your life brThis guy charges you for silly courses, so he and his family can live large at your expense brbrLeasing isn’t the best, but it’s a way
Comment from : @okunrin3

German cars like BMW, Mercedes, VW’s are a mechanics dream They are not mechanically sound cars if you buy and hold They also have horrible resale value
Comment from : @Brian-rs4ug

This guy is hard to listen to
Comment from : @Mewa_BM

What if you want to keep the vehicle and want to pay cash for it at the end of the lease?
Comment from : @ajack7122

thanks for the in depth explanation!
Comment from : @JohnnyWony

Thanks for the informative video!
Comment from : @georgekopsias9159

Dave is right this is expensive If you lease a car you will get payments Under a lease agreement you don't own the car The Bank does and if you don't pay them in 90 days they will repo your car Scrappy will show up at your house with a wrecker and your car lands up at a parts auction TRY GETTING IT BACK! because 90 of all cars that get repoed never return to their owner because when a car land up on the auction block the only thing they want is the parts the car itself will end up as scrap Don't lease your car! or you will get repoed if you don't pay for it
Comment from : @geomodelrailroader

Scotty Kilmer would have an aneurysm if he heard you say that about BMW, Mercedes, and Chevy
Comment from : @underratedcritic1983

Sorry, this is bullsht! There is no upside to any type of car deal - DUH
Comment from : @JohnSmith-td6dn

Foolishness you're talking !
Comment from : @trishjackson6679

Cool
Comment from : @RealWendell

So if I drop 5k down payment on a 20k car My lease goes to 160 a month for 36m How much would it cost to buy it out ?
Comment from : @lunabird89

Leases are not bad if you are leasing and want to have a BMW, audi, MB, etc You should never buy these vehicles as they become endless money pits after a certain time the beauty of leasing these type of cars is that you return them after the lease and the dealer will have to worry about the repairs It's better to "rent" these type of cars and not worry anything aside from miles driven brbrThe mistake people make is buying the car after the lease
Comment from : @hgonz14

I left the video chat when he said Nissan cars are good
Comment from : @jackappan1990

You pay depreciation regardless if you buy or lease Payments are payments The math isn’t hard Negotiate car price, money factor, etc Choose what works best for you Of course, buying a used car is the wisest decision
Comment from : @msmith3537

I hate smug know it all’s that think they’re always right Leasing is great and saves money
Comment from : @JD-hu9sg

Sounds corrupt @LaFontaineCDJR who loses customers by the same shady deals Poor dealerships is Saline GM Kristopher Mackinnon ignored complaint Very poor
Comment from : @stevenbrumley1718

Geez Do the math How much money in payments vs how much the car would depreciate during the same amount of time There are many instances when leasing makes more sense
Comment from : @markgrace659

Already invested ton money in my lease now I’ll buy it bc why start over? I already have van I want 👍and it’s half paid off
Comment from : @memelc5655

A lease is a car rental Period
Comment from : @memelc5655

Only stupid people, who can't do maths, lease cars
Comment from : @NorthEastTrailRunner

Dave has clearly never heard of a Tacoma before
Comment from : @beefraz9510

So technically a 4 yr old Camry should be worth 14k at most, very realistic And some sucker payed the loss of the car value monthly interesting stuff
Comment from : @fallen_rain5295

They're still depreciating assets, but toyotas don't lose their value so fast It's not like you can buy 20 year old rav 4s for $500
Comment from : @coryulrich6489