Buying vs. Leasing a Car: Smart Financial Choices

Should I be buying a car or should I be leasing a car? A car is it's one of the two areas that most people overspend. And it's because don't just buy the numbers. We buy the emotions of the car, how the car make us feel, like in the car, the family memories we'll create in the car. And I know when I got my first the very first upgrade I went into a car showroom, found a car that I thought I'd look cool in, walked out with the car an hour later, drove out with the car and didn't run my numbers, didn't check if I the monthly payments. And for the next couple of months was figuring out how I was gonna make the rest of my finances meet. And car dealerships know this, so they will the monthly payments in a way that you buy more car than you could afford. And if you don't understand how the numbers work, this is probably the quickest ways to destroy building real wealth. The way I recommend buying a car is something that's 3 to 5 years old, straight. And I say 3 to 5 years old because at that point it's enough, it's depreciated enough as someone else's expense and won't depreciate as much during the time that you have it. But if you are someone who is wealthy and you don't mind taking that depreciation or you want a nice car every couple of years and you don't mind the fact that financial choice, then lease. Of the buy and then you also to think about reasonably monthly comes to the proportion you're spending your income that.