TRANSCRIPT:

Hi again, Greg Vojtanek of Fade In Financial. If you're contemplating leasing or buying a car, here are a few things I think you should consider first. The first one is:

Do you enjoy driving a new car every couple of years? If so, then you might want to consider leasing.

Is the latest safety and technology of great importance to you? If that is important, then again, leasing is probably your best option.

If you want to avoid any kind of repairs or maintenance costs then, generally, that stuff is covered under a leasing contract.

However, if you drive a significant number of miles per year then buying a car might be something you’d want to do.

If you'd like that discretion of use and customization, if those are important for you, then you might want to buy a car.

And then, lastly, if the monthly payments are of importance to you and you're looking ahead into the future of no longer having any monthly payments then you might want to consider buying a car. Because perhaps that money could be better used elsewhere in your life.

So I hope that helps. That's certainly not everything to consider but I do hope this was a value. Thanks.