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Lease vs Buy a Car (Why I Lease with $0 Down)

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Leasing is good if youbrbr1 Dont drive that muchbr2 Having a nice new car is an important priority for youbrbrIf you are ok with point A to B, a Toyota or Honda would do and you could drive it for yrs after you paid it offbrI or instance Have a paid off RAV4 2019 and a paid off Toyota Corolla 2010 that I rarely drive (that has been paid off for like a decade)brI work remotely and may drive 3000 miles a yr at most So I may lease a cool Jeep I would use from time to time, take my kids to swimming class, etc A Jeep is a car someone like me would never buy as a daily vehicle but I drive so little I've been thinking maybe I can have something really cool The RAV4 and Corolla cars 22,000 put together so I may put down 3500 for the Jeep lease and $20,000 down for a 1 yr old New 4Runner I an get for like $35,000
Comment from : @digolaverdad7313

What kind of jacket is your dad wearing?
Comment from : @csu111

"You will own nothing and be happy"
Comment from : @saturos13

What would you tell someone like me who knows I'm going to go over the miles ?
Comment from : @IbeSyke

Best explanation of benefits of leasing that I've ever heard! And you two are so dear together
Comment from : @michelletiger3903

Depreciation doesn’t really matter if you plan to mod and keep the car for a long time
Comment from : @Pharaoh_The_Great

Horrible advice
Comment from : @preacherbeeman3437

Leases not an option for those of us who drive 20k plus a year !
Comment from : @laurad324

Is it still a good time to lease? I’m thinking about leasing a 2023 Hyundai Santa Fe
Comment from : @ike4586

That's if you like to have car payments Just pay cash for a car and be happy with no debt
Comment from : @MyChannel-l4w

Soooo would it be better to lease a vehicle and purchase it at the end of the lease VS buying (financing) a vehicle at these prices?
Comment from : @PLT123

Nice Jacket Pops
Comment from : @phoenixmistertwo8815

Not everyone can get 0down
Comment from : @RobertLofrano

Comment from : @rickdick1069

Who drives 10,000 miles a year?
Comment from : @capnkrik1

So, you’re special How do us normal people get a ‘no money down’ lease?
Comment from : @CageyLeigh

Would never buy a Mini! Worthless POS and endless money pit for repairs!
Comment from : @msb9093

Why doesn’t this video cover how people can sell the rights to purchase the car at the end of the lease? I know someone who sold the rights to purchase instead of turning the vehicle back into the dealership They got a check for $6k 36 months @ $380 with a $6k kickback at the end of the lease would bring down the overall cost of that lease to $214 a month
Comment from : @danalexander2149

He could’ve easily explained getting out the lease early by saying this brbrYour payoff at that timebrTaxbrTag brbrBam
Comment from : @kevs2good133

Definitely leasing a Mini makes sense They don’t last more than 36 months anyway
Comment from : @kevs2good133

Just want to make sure I am understanding this correctly Being Pro Lease means you will have a car payment every month,until you are unable to drive and die You just renew a new lease for a new car every 3 years, and start a new round of paymentsforeveruntil you die Am I getting this right? As someone who hasnt had a car payment in 10 years this hurts Really bad
Comment from : @Scfng08

I'm new to the vehicle leasing world and still looking for information, as I'm trying to decide if I should buy, lease, or fix up my current 23 year old car (it needs a lot of work) Leasing is starting to look nice, but I still have a few questions One question is, how does insurance work when you lease a car? Do you still go through your own insurance carrier the same as if you were buying? brbrThank you to any helpful answers I know this comment is over a year past this video's posted date, but I searched for it based on another video they posted today 31722
Comment from : @SophieMia806

Scotty Kilmer says: "Rev your engines!" brHahaha! 😂 brbrI knew I felt Scotty Kilmer vibes at the beginning Lol Good video, guys Thank you for the information 😊
Comment from : @SophieMia806

Leasing only makes financial sense if you know for a fact you're not going to need that car at the end of the lease, and how many of us will ever be in that position? Otherwise, leasing a car is purely a vanity move: You do it because you want to drive a more expensive car than you could otherwise afford, or you like changing cars every three years Those aren't necessarily bad reasons, but let's not pretend they make good financial sense You're still eating the car's depreciation in the form of leasing fees, and you're also paying a lot more for the "peace of mind" of a car that's always under warranty than you'd ever be likely to pay in repairs The odds of anything going seriously wrong on a brand-new car inside its warranty period are are pretty slim, unless you really beat on it And if you do, and you're leasing it, you're gonna pay extra when it comes time to return it anyway My car, a 2011 WRX that I bought new, has only been in the shop once to correct a problem out of warranty It cost me $1200 Had I kept leasing new WRXs every three years, I would've blown through that $1200 in three or four months, and I would've kept paying more & more money
Comment from : @shmehfleh3115

BMW and mini are especially forgiving in regards to wear and tear, tires are 4/32nds, disposition is 395 which is waived if you buy another BMW or Mini Three years 36000 mile maintenance included, and most Mini dealers are also BMW dealers so when you get a service loaner oftentimes they will give you a BMW When I was turning in my last BMW I had a chip in the windshield which turned into a crack, five months prior I lowered my insurance deductible to $100, father claim and put a new windshield in red before I turned in the car👌🙏
Comment from : @MugatuJag

Hey brWanted to know if you can back out of a lease before you take the car off the lot
Comment from : @scottfoggs4276

Con for leasing is that you are paying monthly forever and never own anything Leasing is more expensive if you keep cars more than 3 years
Comment from : @NJ_Scat_Hemi_Orange

Love the entrance in the video lol
Comment from : @eliaszevallos

Is it best to lease a newer car or an older (2 yrs old) car that has already depreciated?
Comment from : @uriahsmama84

Hahahaha the Scotty part was funny
Comment from : @jnagime

How do you keep the miles in check when restricted w the lease? I got places to go!
Comment from : @troyturner6498

1000 percent in agreement with you I used to live in silver spring Maryland I now live in Orlando Florida and am so happy I also always lease
Comment from : @itguru2037

thanks for the info, trying to figurebrout whether to buy or lease Excellentbrinfo, thanks
Comment from : @lovelyeyessee

Rev up your engines!
Comment from : @Eyeseev2

I can understand the attractiveness of a lease since it is a know cost vs buying, but what about TCO over 10 years buying cars vs leasing cars? Does it matter how many miles a year you drive per year?
Comment from : @raymondrizzuto7997

Buy a used Honda/Toyota only, ala Scotty
Comment from : @davido3746

Most financial advisers will tell you to NEVER, under any circumstances, lease a car (Unless you are of very high financial means and absolutely must have a new car every 3 years)brbrWhy?
Comment from : @bilahn1198

So what’s the process if you want to buy the car after the term of the lease? What would be the value? Are you going to be charged for the full brand new amount or is it the value of the specific car at the time?
Comment from : @masteryoda7583

I have been leasing for 22 years Why buy when you are most likely to get into an accident these days Owning a car with a carfax accident report will not help you when you sell Cars are not an investment Cars are a depreciating expense that have one use A to B
Comment from : @adamy3834

I wish you would share how you got it down to under $400 a month When I use a lease calc I get about $500 a month That’s at $38k, 36/10k miles, 3 sales tax, acq fee, 000100 mf And no money down
Comment from : @krehbein

I think you guys are at my middle school
Comment from : @Cmdrjo

I just buy the 2-3 yr lease returns seen some turned in with 10,000 miles
Comment from : @youtubecarspottersguide1

So basically at lease it, it's like returning a rental You make sure there isn't any damage and you're off to mind your business :) I am going with leasing
Comment from : @andreagardner6639

I am cracking up at your "Murland" You are my people!!!!!
Comment from : @andreagardner6639

Bought a new v8 camaro sept 2020 for cash and sold it last week with a net profit of 7k
Comment from : @johnc2969

So you never NOT have a car payment? Genus
Comment from : @fishpotpete

In other words, if you get a big discount (because you're in the business), it's OK to lease Otherwise, leases cost more
Comment from : @davidkosa

Show the numbers on a white board, buy verses lease
Comment from : @kellynorthcott7005

I don't agree with leases It's like paying rent, money down the drain You don't rent your clothes do you? Clothes depreciate as well Plus on leases you pay interest Buying cars zero down and zero apr worth it plus maintenance for the first 3 years
Comment from : @elpunky1161

How much do you have to put down in money before you lease a n do you get any of that back
Comment from : @dalehorton2069

You could at least REV up your engine!!! 😂
Comment from : @teamla8719

Honda dealership charged me a $500 disposition fee
Comment from : @etfeddiecrosley92

I would suggest, when possible, sell the leased car at the end of the lease I have sold every lease I've owned to the dealer I am getting a new lease through and rolled that equity into the new deal Never turn in a lease and lose the equity
Comment from : @kevinc6763

Renting vs buying, leasing vs financing, marrying vs dating, working for someone vs starting your own business, but nothing is more valuable and depreciates quicker than one’s life
Comment from : @borisgetman9222

I have a little chip on a windshield, it is tiny crack Do I need to replace entire front window or repair it? Should I do it through insurance?
Comment from : @karalozdan4414

Thank you ,brExcellent Videobr👋 Ray,br I have my GMC Yukon 2018 SLT model ,26500 on speedometer, my end of lease due in two month , payoff is about $36000 , so far can't find anything at dealership, everything overpriced, same truck would be about $70000 right now Im like you, I like to have new car every 3 years , would it be smart to buyout my car after lease ?brAny suggestions ? what would you do ?
Comment from : @forol09

This video is most help full in answering my questions on leasing vs purchase!brI have always financed a vehicle brNow retired in my late 60's I no longer wish to purchase due to my agebrThe question I have is am I too old to get a lease?brA reply will be appreciated
Comment from : @pjasyl

Leasing is for chumps
Comment from : @oldcountryman2795

Question, what happens if they steal the car?
Comment from : @dannytorrez1800

I like you guys, but this is dead wrong In most cases you should not lease It will cost you money in the long run One of the lessons I've taught my three children as they enter adulthood is that they should avoid car payments if at all possible and that certainly includes the worst deals which are leases
Comment from : @tiw2572

At $400 a month for 3 years that over $14k!!!! That’s a LOT of depreciation if you are still in the positive after that
Comment from : @Mr3X7R3M3

Can I buy my leased car at the end of the lease? Its in pristine condition, and very low on mileage and I also paid $3000 down payment How can I negotiate on the depreciation of the car and other factors?
Comment from : @jasskaur128

Ha Ha nobody can take my 2009 Subaru Forester away from me, it's paid for I can't stand having to keep on paying taxes on a leased vehicle every three years- what a rip off!
Comment from : @stevenhauser653

I put at least 12k/yr on my car A lease wouldn’t work for me Am I correct in my thinking?
Comment from : @geoffhirsh2402

Beautiful Car !! …a fabulous fun engaging drive ! You can park it on a dime, if you don’t need a big car, but want something a bit special …you couldn’t have made a better choice……good luck we her …
Comment from : @MillieonaVespa

Great info, thx!
Comment from : @TheVDaddyo

Leasing is the dumbest way to get into a car Most people drive over the mileage limit and get stuck with a large bill Also dings, dents, and scratches are your responsibilitybrbrHe is talking about wanting to avoid depreciation, but has no problem throwing about 14,000 over three years to something he rented 🤦‍♂️🤦‍♂️brbrSigning a car loan at 60 Apr would be better than a lease 🤦‍♂️🤦‍♂️brbrThis guy is proof that age doesn't always mean wisdom
Comment from : @michaelh5055

And definitely lease a Mini since they are worthless after 36000 miles
Comment from : @rontopp

If your residual is close to or above 60 and your money factor starts with three zeros, you should definitely lease!
Comment from : @rontopp

10,000 miles per year is terrible Why make a payment on something you cant drive? Leasing for a non business owner makes ZERO SENSE financially
Comment from : @UltimateTexasHoldemGuru

I am currently in the market to lease a vehicle and it is my first time leasing How did you manage to lease the vehicle with no money down? Or is that dependent upon the bank you use?
Comment from : @talkaboutit266

Unless you are buying a vehicle that will hold its value (pickup truck, luxury car or SUVetc), what you think you are gaining by owning is negligible
Comment from : @brianpawlowski6498

Global warming?
Comment from : @Jleitte

Atleast you could buy a new car and sell it every 3 years, You will still have the maintenance and warranty and if you drive something that doesn't depreciate like a German car you'd lose much lesser money
Comment from : @maestrodevil9566

Didn’t mention possible pull ahead programs which are all the rage now due to used car shortages :)
Comment from : @dbdigital57

I've learned a lot from your videos You've saved me a ton of $$ Thank you
Comment from : @drewcantu

Damn, I drive at least 50,000 miles a year
Comment from : @timmertwotone1

I never leased a vehicle before, but doesn't Maryland have excise taxes like here in MA Maryland's excise tax is 6 and since your not putting any money or a trade in that would mean your on the hook for the full $2500 for that $42000 vehicle If you count the excise the 2 following years, that's around $4000 for all 3 years i'm guessing
Comment from : @toolman4816

Leasing a vehicle is a smart decision specially if something happens to your job you can return it back
Comment from : @travisbinder9426

Too much anxiety to lease,who needs the pressure! Buy a good used car!
Comment from : @robinl6659

He look like the actor from lovely bones
Comment from : @keronhodge4773

Hello I would like to know your thought in for seniors would it be better for us seniors to lease an automobile or buy one because I see the payments on leasing is so much less than Buying but at the end of leasing I have nothing to show for the money I paid can you enlighten me thank you Cecilia
Comment from : @ceciliagongora8777

I can’t believe I find you I’m about to return my leased Mini, the 3rd Mini I own, and the sales person offered me 0 incentives to get a new leased Mini I’ve been a Mini customer for 12 years so I felt unappreciated and I am now looking to lease from another brand 😢
Comment from : @anagarciaperez699