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Are You OWNING or LEASING Your Car? 🤔 🚗

@therlbreadmgmt

19.5K followers · usually 5.1K views a post

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29.9K

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1.5K

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+14.8K views over 5.9d · ~2.5K/day · 6 observations

Why it worked

The video leverages a popular artist's perspective on a relatable financial topic (car ownership) to spark discussion and engagement.

Summary

The video discusses the pros and cons of owning versus leasing a car, with Rod Wave expressing a preference for leasing cars due to their rapid depreciation. He suggests focusing ownership on assets like businesses and equity instead.

Structure

1Introduction to owning vs. leasing cars
2Rod Wave's perspective on car depreciation
3Preference for leasing due to rapid value loss
4Focusing ownership on businesses and equity
5General advice on car ownership decisions

On-screen text

Are You OWNING or LEASING Your Car? 🤔 🚗 OWNING vs. Leasing a Vehicle Owning means your payments build toward keeping the car, and eventually you can have no monthly payment. Leasing usually means lower payments and a newer car every few years, but you don't own the vehicle and may have mileage or wear limits.

Transcript

You can lease it. You can rent it. But there's something about I own this car. This car is mine. Because at the same time. If I buy a car and I own it, soon as I pull it off the lot. It's not worth nothing. No- it ain't what you paid for it, right? And then in two years, they gonna drop a better, faster, sexier one. Yupp. Sleeker one. So I might as well should've just leased it. And came back. Because I'm finna pay.. you know what I'm saying? But owning.. businesses or.. or owning.. equity. Or whatever the case may be. Having ownership of stuff like that is very important. Yeah for sure.

Original caption

Rod Wave says he’d rather lease a car that loses value and focus ownership on things like businesses and equity. For most people, the better choice depends on how long you keep the car, how much you drive, and whether owning actually saves you money over time. #RodWave #CarLeasing #CarOwnership #WealthBuilding #MoneyTalk