Hey everybody, welcome back to Whiteboard Finance. My name is Marco, and I'm here to help you master your money and build your wealth. In this video, we're going to be talking about buying a car versus leasing a car, and which option is better for you. So, in the first half of this video, I'm going to actually go over a hypothetical scenario using numbers, so you can see how the math actually works and how it plays out. And, in the second half of the video, I'm going to give you an anecdotal point of view from my personal perspective and explain why leasing and buying is situational for everyone's situation. Let's pretend like we're buying a subcompact car, such as a Honda Civic or a Toyota Corolla. It's essentially a car to get you from point A to point B, right? So, we have one option of buying the car, and the other option is leasing the car. In both these scenarios, let's pretend like we're going to keep the car, so we have a keep scenario. This means you can either buy it or buy it after your lease is up. Let's discuss the purchase price. Let's assume we're going to be paying $17,700 for this subcompact car. Our down payment is going to be $2,000. Since this is dealing with real math and interest rates, and for the sake of not using a calculator, I have all the calculations pre-written down. Bear with me here. The interest rate is going to be 4.22 percent. This is typical for a car loan. If you have an 800 credit score, the rate may be a little bit lower, but this is the average rate right now. The term, let's assume, is three years. Based on these numbers, our monthly payment...
Award-winning PDF software
Pros and cons of a two year lease Form: What You Should Know
Tenant Behaviors: A Look At Your Lease Agreement May 13, 2024 — Your lease agreement can take its toll on your tenants, so we offer you a little perspective. Read about tenant behavior in your lease and get tips on how to avoid conflict. Your Landlord Doesn't Know Where to Park Jr May 20, 2024 — What happens when your landlord goes to the mall? Your lease gives you plenty of responsibility, and you might fail to exercise it. Find out your rights with our guide to landlord responsibilities. Conservatives Never Leave Nov 13, 2024 — How long will people stay in your apartment? Find out and prepare for the unknown. Who is the Right Personality for Tenant Rental? Nov 29, 2024 — Find out who will be best suited to your landlord and tenants. It's worth knowing ahead of time, especially if you expect to remain in an apartment for a long period of time. Reverse Mortgage Jul 20, 2024 — Is paying off a reverse mortgage a good idea? Do your research, but be aware that this is a tricky financial move. We break this down into three steps. Procedures Needed to Sign a Lease — Is a 2- Year Rental Okay for My Business? Dec 1, 2024 — Who has signed lease agreements before? We share our best tips for signing leases. We are a tenant advocate company and offer these services because we believe in helping you get the best deal possible. Finance & Lease Management Services Dec 15, 2024 — Where do you go after you sign a lease? We highlight some affordable options. Furthermore, we help get you out of debt with affordable monthly payments.
online solutions help you to manage your record administration along with raise the efficiency of the workflows. Stick to the fast guide to do NY RTP-8, steer clear of blunders along with furnish it in a timely manner:
How to complete any NY RTP-8 online: - On the site with all the document, click on Begin immediately along with complete for the editor.
- Use your indications to submit established track record areas.
- Add your own info and speak to data.
- Make sure that you enter correct details and numbers throughout suitable areas.
- Very carefully confirm the content of the form as well as grammar along with punctuational.
- Navigate to Support area when you have questions or perhaps handle our assistance team.
- Place an electronic digital unique in your NY RTP-8 by using Sign Device.
- After the form is fully gone, media Completed.
- Deliver the particular prepared document by way of electronic mail or facsimile, art print it out or perhaps reduce the gadget.
PDF editor permits you to help make changes to your NY RTP-8 from the internet connected gadget, personalize it based on your requirements, indicator this in electronic format and also disperse differently.
Video instructions and help with filling out and completing Pros and cons of a two year lease
