Buying a Car: New,used or lease? What should you do?
Peter McClellan and Dan Hildebrand from the 401k Latte Company talk about how a lot of people want to buy a new car just for show but don't take into account how much the car depreciates. Peter says if you can’t really afford to make those monthly payments for a car then you shouldn’t burden yourself with all that long-term debt. They also cover how a brand new car depreciates as soon as you drive it off the car lot. Peter and Dan also cover how some people rationalize how they need that new car but the truth is you don’t want to create new debt and stress for yourself.
Take a look at this article from Peter on this topic: click here to read the article. To reach Peter and Dan at The 401k Latte Company
click here.