ACCOUNTANT EXPLAINS: Should You Buy, Lease or Finance a New Car
The William Lee Show
@thewilliamleeshowAbout
All about personal finance, money and investing. Learn how to take control of your finances and achieve a wealthier future. Will Lee is a Chief Financial Officer of software companies with a passion for personal finance and entrepreneurship. He believes that learning about - and taking action in - personal finance and entrepreneurship are some of the most empowering things anyone can do to improve their lives, and he loves sharing his knowledge and learning from others about these topics. Will has an undergraduate degree in Economics, an MBA in Finance from Cornell University, and is a CFA charterholder (Chartered Financial Analyst). Oh, and Will is obsessed with airplanes. He recently became a pilot, earning IFR and Commercial Pilot ratings, and flew round-trip across the United States in a small plane.... twice. Subscribe to learn about money, personal finance and investing. Visit my other channel, called "William Lee", to join me in discussions about entrepreneurship!
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Full cost breakdown and comparison to Buy, Lease or Finance a new car or truck. In this video, I (1) explain the difference between a lease and financing, (2) show the costs and fees of each method, and (3) show how to do a real analysis of leasing vs. financing a car. With this information, you can analyze your own deals so that auto dealers can't rip you off. I also provide links to some great free resources I found to help you buy a car in 2024 or later. Your host in this video has an undergraduate degree in Economics, an MBA in finance from Cornell University, earned the CFA charter (Chartered Financial Analyst), worked as an equity research analyst at top Wall Street firms, and has been the CFO of several software companies. Timestamps 0:00 Intro 0:44 How Financing works 1:32 How Leasing works 3:10 Choices at the END of a lease term 4:23 Example 1: Lease a Toyota 6:37 Example 2: Finance a Toyota 8:34 Example 3: Pay Cash for a Toyota 9:09 50 State List of Dealer Car Buying Fees ***** Free Resources about buying and leasing a car ***** https://www.edmunds.com/car-buying/what-fees-should-you-pay.html https://www.leaseguide.com/ https://www.consumerreports.org/cars/buying-a-car/leasing-vs-buying-a-new-car-a9135602164/ ****** Recommended Products You May Be Interested In ****** Get FREE stock from Webull. U.S. citizens only: https://a.webull.com/gsHteSqTzj4blNrkEt ****** Music & Video/Still Photography Used in Making My Videos ****** MUSIC - Epidemic Sound: https://share.epidemicsound.com/9ziu1r VIDEO/STILL CLIPS - Envato Elements: https://1.envato.market/EK9RAX ****** Equipment Used in Making this Video ****** Camera https://amzn.to/3wuZNL4 Lens https://amzn.to/3j9BLlv Light Panels https://amzn.to/3RbPepB Microphone https://amzn.to/3DdssIc Office Chair (most comfortable chair ever…. Should have bought this years ago!) https://amzn.to/3J9mCLP As an Amazon Associate, I earn from qualifying purchases. #carlease #carbuying #carbuyingguide #thewilliamleeshow #williamlee
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