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ACCOUNTANT EXPLAINS Should You Buy, Finance or Lease a New Car



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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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WHO AM I:
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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37 comments
@tab_ta

New to this channel just love your healthy black hair

@jerhsonhernandez3357

$25 for routine maintenance is crazy lol

@woodpecker6452

Only problem in Socialist Canada you pay 50 % tax on passive income

@FionatheFiend

Car loans and i do not get along very well. I pay cash and keep my car purchases under 5% of my net worth. Also, my wife won't let me purchase any car unless 500k gets invested first to make more passive income. Then after i can start saving up to buy a new car in cash.

@RModillo

Does KM = kilometers, or thousands of miles?