Owning vs. Leasing a Car

It's always nice to drive a late model car, but when you own one, you don't realize how fast it becomes an old car. That's bad, right? But there's that moment when you realize you don't have to make payments anymore. If you are the type of person who doesn't mind monthly payments in perpetuity, go ahead and lease, since you'll always be able to upgrade to a new car. But there are a hundred other factors that go into your calculations. Or you could just watch this video from The Hustle.

Or you could just do like I do, and drive an old car and never buy one unless you can purchase it outright without a loan. That's one way people get by on a lot less money than you think is possible. I'm luckier than most people, in that I haven't had to buy a car in twenty years because people keep giving them to me. If you're not picky, cars can be really inexpensive. But you do you. (via Digg)