I am retired and I would like to get a new car. My car is 19 years old. What is your feeling about leasing versus buying.

Terry Says:

Wow, well you already know the benefits of BUYING a car:  you get to keep it for a long time!!  With a lease, you have a low monthly payment because you are only paying for three or four years of use on the car.  At the end of the lease, you turn in the car and just have some paper receipts.  And there is no tax benefit unless the lease is done through a business and the payments can be deductible.

You just proved that buying a car is a winning strategy!  Stick with it!

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