Personal finance expert Suze Orman tells CNN’s Chris Wallace why she thinks buying a car is better than leasing. #shorts #CNN #News
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My wife's accord has 300k miles and my mustang has 200k miles both paid off. We don't pay high insurance or any monthly payments. I maintain our cars. We save so much money.
"leasing a car is cheaper" big as lie
Dudes a moron.
It depends. If you are completely sure you will live in the same city, is okay to own a car. But if you are someone who is in constant change of resodency, is better only to rent it. Also if purchasing a car via a Loan equals a significant ammount of your salary, don't do it. Cause you will struggle but still be stuck with a huge debt.
Look, man, there's nothing wrong with leasing a car.
I’m sure with his money and success he can afford to lease or buy a car. She’s talking about people who waste money they do not have.
That didn’t explain anything.
Lease is def the way to go
Chris is “worth” 30M. If he leases a car for three years, he’s still worth 30M.
My 2007 Lexus has 150k miles on it and it’s still running strong. Although, if I were to buy a brand new car, I’d lease it. I used to sell cars, and leasing makes more sense a lot of the time.
Who cares, Commie News Network Sucks!
LEASING = THE COST OF CAPITAL (w/cars value after lease factored in).
Thats basically the concept of leasing.So only lease if you dont drive much & u only want cars for 2yr-3yrs max. My dad taught me that long ago. Its that simple.
I think he’s got extra money to blow on his car, he’s paying for convenience not the car.
He has money to waste.
Depends on what car you're talking about
Because he can afford not to have a headache. If I could afford it I absolutely would lease.
"I don't drive it very much" then whats the point in having a new car?
depends, if u always get in a car crash , better not taking that depreciation yourself
To all ths guys who think they should keep it, BUT THEN U DONT GET A NEW CAR EVERY 3 YEARS! THAT'S THE WHOLE POINT!
why do people act like cars don’t last past 5-8 years. Like wtf as long as you keep up with even just basic maintenance and don’t drive more than 40k miles a year cars last 20 years easy. I drive a 2002 Buick lesabre as my daily and it has 125,000 miles and my 2005 Chrysler 300c with the 5.7 hemi and it has 96,000 miles. My car before that was a 2006 kia rio.
Not if your lease is charged as a company car.
All our cars are used for 12,14 years
It depends on whether you like cars and want to get the best features, safety and convenience. You can always drive a car for 12 years, but by then, it really shows its age.
If you just see the car as something that gets you to places, nothing else: sure, get a certified Toyota that’s 2 or 3 years old.
This dude only got 3 more years to live… give him a break 😤
I leased my current car and it worked out great. I went over the mileage so i just bought the car at the end of the lease, and it's still going strong.
this woman is a joke.
A ‘finance expert’ is what we all know as ‘an accountant’, and we all know these boys & girls are cheap and thrifty 😂
The most frugal approach is buying a 4-5 year old car with exceptional reliability and taking good care of it for another 15 years
It depends, if you can invest the balance of the amount of money you would have spent on the car to return more than the amount you spent on the leasing then you get your car for free…
Lol… we knew Chris was an idiot
I have a an 11-year-old Honda CRV I can go out and buy a brand new one and pay cash. But this vehicle is giving me no trouble and it's in phenomenal condition with 190,000 kilometers. It's a tool it takes me from a to b.
My reliable and paid-for 13-yr old Mitsubishi Eclipse agrees with Suze.
Keep leasing people!
…i need used cars to buy. Lol
Perpetual debt…
I also think buying a new car is a waste of money!!
I agree with here.
She is so smart!!!💐💐💐💐💫
If you never pay cash to buy a car, and you're always making a car payment anyway, why not lease? And if you don't go over the miles, it's a good deal for an average vehicle. The cost of a newer car today is ridiculous.
If you make $20M a year like Chris, the cost of leasing is $0