Should You Buy, Lease, or Hold? Car Buying Decisions in Retirement (Ep. 92)
Buying a car can be exciting, but it can also be financially confusing, especially as you enter retirement.
How do you decide between leasing, buying new, or buying used? What financial factors should retirees consider before making a vehicle purchase?
In this episode, Josh Leonard guides listeners through the key financial and personal considerations when choosing a new vehicle in retirement. He compares leasing with buying, discusses the impact of interest rates, and shares tips to make smarter purchasing choices without breaking the budget.
Josh discusses:
- The pros and cons of buying new vs. used vehicles
- Leasing versus purchasing options, highlighting factors like mileage, monthly payments, and long-term costs
- Financing strategies, including interest rate comparisons, pre-approvals, and the tax implications for retirees
- The importance of budgeting for car expenses in retirement
- Personal stories and anecdotes around car buying experiences
- And more!
Resources:
Connect with Josh Leonard:
- jleonard@leonardadvisorygroup.com
- LinkedIn: Josh Leonard
- Leonard Advisory Group
- 412-998-PLAN
- YouTube: Leonard Advisory Group
- Facebook: Leonard Advisory Group
Podcast: Play in new window | Download | Embed