If you are in the market for a car – you probably asked yourself whether buying vs. leasing is the best option. Or more importantly, what is the best option where you can really get the biggest bang for your buck? In this video, we are going to go over the three main ways to purchase a car, the cheapest option, and as well as important considerations you should know. So, let’s get right into it!
00:00 Intro
00:33 Main Options
01:32 Cheapest Option (Calculations)
11:09 Other Considerations
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Gabrielle is a CPA and Tax Expert, as well as the founder of Balance + Wealth CPA, a licensed CPA firm that specializes in Tax. Prior to starting her business, worked as a Tax Manager at one of the Big 4 Accounting Firms for 7+ years, working with Fortune 500 companies. Gabrielle posts weekly videos on personal finance, business finance, and tax tips.
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Disclaimer: Note this video is not financial nor accounting/tax advice and should be used for entertainment purposes only. Consult with your own financial advisor, accountant and/or tax advisor for specific advice related to your business situation and needs.
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@HHH-nv9xb
Given enough time, all car will worth $0 (end of life).
I always buy.
* New for my wife every 4-5 years. (maintained by the dealership). and take advantage of the low interest incentives.
* Used for myself and drives it unit it dies (I do the repairs myself as much as possible) and always cash.
That is the best approach!
* The cost of ownership on my car is less than $1K a year.
* The cost of my wife's car is worth every penny it as it eliminates a lot of headaches.