Yahoo! Finance Search - Finance Home - Yahoo! - Help

 
Finance Home > Money Matters > The Buy vs Lease Decision > Checklist

Buy Vs. Lease Checklist
To keep yourself on track to healthier personal finances, start here by setting due dates for your own financial to-dos. Click the button next to each item to add it to your Yahoo! Calendar or print out this checklist of to-do's and check off each item as you complete it. Get ready to face your financial fears today! For more information on each item, refer back to Suze Orman's article: "Think Twice About Leasing Your Car".
Consider buying a "new used" car.
New cars depreciate 20 percent to 30 percent the second you drive them off the lot. So if you really want to be smart, make someone else's mistake your lucky day. Buy what I call a new used car-a vehicle that is one or two years old, but has been well-maintained and doesn't have a ton of miles. It's just like new, except that its price is more like a used car. Once you own that car, own it for as long as you can.
Before you lease a car, ask yourself whether you're leasing for the right reasons.
Here are some important questions to consider:
· Do I really need a new car right now, or do I simply want a new one because it is fun and I think I deserve it?
· If I didn't lease (or could put off buying) a new car right now, can I think of any uses for the money I didn't spend which would significantly improve my finances?
· If I decide I really want to lease a car, why am I insisting it be such an expensive car? Who am I trying to impress, and why?
Use this calculator to help you decide whether to buy or lease.
Buy vs. Lease calculator on Yahoo! Finance Auto Loan Center.
Back to The Buy vs Lease Decision Home


Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
Copyright © 2009 Suze Orman All Rights Reserved.

Questions or Comments?