Should You Lease or Buy A Car: Interview with a CFP® and Owner of a Car Dealership
When clients are looking to purchase a new car one of the most common questions that we receive is “Should I Buy or Lease?” To get the answer, we interviewed a Certified Financial Planner and the owner of Rensselaer Honda to educate our audience on the pros and cons of buying vs leasing.
Avoid Taking Auto Loans For More Than 5 Years – The Negative Equity Wave
There is a negative equity problem building within the U.S. auto industry. Negative equity is when you go to trade in your car for a new one but the outstanding balance on your car loan is GREATER than the value of your car. You have the option to either write a check for the remaining balance on the loan or “roll” the negative equity into your new car loan. More and more consumers are getting caught in this negative equity trap.
