Category Archives: Cars

7 Unmistakable Habits of the Rich

Our culture is intensely interested in wealth. We have a billionaire president, shows like “The Rich Kids of Beverly Hills” are huge hits, and sometimes it can be tough to tell if you’re watching the Nightly News or Entertainment Tonight. These superficial glimpses into the lives and habits of the rich have become a surprisingly vital part of the low information American diet.

Some watch the lives of the wealthy purely for entertainment purposes. Others are interested in smearing rich people for everything they do, almost as if possessing wealth is inherently immoral. “Oh, they have money?” they say. “They must be evil!”

Want to become wealthy? The best way to get rich is to study and implement the habits of the rich yourself. This article will give you everything you need to get started, whether it's time management tips, health tips, improving productivity, how to save money, how to build multiple income streams, and much more!A shockingly low number of people are interested in following the lives and habits of the rich for the most practical and beneficial reasons: studying the habits of the rich is a wise way to reverse engineer wealth and success.

The honest truth is that many people are more interested in observing and living vicariously through the wealth of others than they are learning about how to get there themselves. (Perhaps that is why an alarmingly high number of Americans have less than $50,000 saved for retirement.)

So what’s the root cause of culture’s misplaced priorities?

Seven Habits of the Rich to Incorporate to Build Wealth

The truth is that our culture has adopted and embraced all of the wrong symbols of wealth. A high credit score is really an “I love debt” score. A new leased vehicle in the driveway every two or three years is really a sign that its driver prefers operating a vehicle in the most expensive manner possible. And large suburban mini-mansions with several extra rooms are still just as empty and hollow as the hearts of their owners.

If you’re tired of simply watching of the lives of the rich on TV and want to build wealth yourself, studying the habits of the rich is a great place to start. Read the following seven habits of the rich, slowly incorporate them into your lifestyle, and start building wealth.

Prioritize Saving Money

In The Millionaire Next Door, the late Thomas Stanley surveyed a panel of average everyday millionaires to find common characteristics among what turned out to be a widely varied cohort. Among many habits of the rich that Stanley discovered, a focus on saving money above all else was key.

Across the board, first generation wealthy people developed their wealth thanks to long-term saving discipline and dedication to living a frugal lifestyle.

When it comes to choosing between saving and discretionary spending on things like new cars, larger homes, lavish vacations, or expensive clothing, a majority of wealthy people choose the former. At the same time, wealthy people value quality over quantity, i.e. they prefer to own fewer possessions of high quality rather than many possessions of lesser quality.

Avoid Debt as Much as Possible

While it may be true that debt can help you get what you want even if you can’t afford to buy it with cash, it is equally true that excessive debt is one of the top barriers to building wealth. Buying anything using debt is inefficient, more costly, and it limits your ability to build your retirement portfolio, own real estate, or start a business.

Some wealthy people enjoy trying to beat the system and leverage others’ money to their advantage, but it’s worth noting that a majority of wealthy people prefer to avoid this kind of unnecessary risk. In other words, there are far more people who actually develop wealth by following The Millionaire Next Door model than people who follow the model of leveraging others’ money touted by Robert Kiyosaki in Rich Dad Poor Dad.

Maintaining low levels of debt, if any, is one of the hallmark habits of the rich. It puts them in position to take advantage of new and unexpected opportunities to grow their wealth. Perhaps this is way a majority of first generation wealthy people are business owners.

Interestingly, the presence of debt often serves as an unexpected litmus test for whether a person is truly wealthy or just living a wealthy lifestyle. Like Dave Ramsey likes to say, “You can find out who is skinny dipping when the tide goes out.”

Drive Used Cars

One of the most surprising habits of the rich is the overwhelming tendency to drive used vehicles. The average millionaire rarely, if ever, purchases a brand new car, allowing others with far less wealth to absorb the harsh hits of depreciation during the first 2-4 years. Then they buy well-maintained used luxury vehicles with cash.

Maintain Good Physical and Mental Health

It may appear that many wealthy people are workaholics, but the truth is that hard work and good physical and mental health are not mutually exclusive. In fact, maintaining good physical health through diet, exercise, and self-care remains one of the most common habits of the rich.

Want to become wealthy? The best way to get rich is to study and implement the habits of the rich yourself. This article will give you everything you need to get started, whether it's time management tips, health tips, improving productivity, how to save money, how to build multiple income streams, and much more!
In particular, starting the day off with a focus on health is one of the hallmark habits of the rich. A recent article in Business Insider outlined the habits of several wealthy people. John Paul DeJoria, the man behind Paul Mitchell hair products, begins each day with quiet meditation. Birch Box executive Brad Lande begins his morning with hot tea and yoga. Kevin O’Leary, the investor made famous in Shark Tank, starts his day with a 45 minute workout.

The reason behind such health-consciousness is simple: it is foolish to gain wealth if you do not maintain adequate health in order to live a long and enjoyable life.

Read two non-fiction books each month

Among the main habits of the rich, ongoing learning and growth is a consistent priority across the board. It’s not uncommon for people who have accumulated wealth to read two or more non-fiction books each month in an effort to learn new things.

For many people, the habit of reading and implementing new ideas served as the impetus for growing their brand or starting a business in the first place.

Build multiple streams of income

Of the most common habits of the rich, the development of multiple income streams separates the financially independent from typical high-earners. These forms of income vary greatly, from active to passive, and include the following:

  • Investment income via dividends
  • Owning real estate bought with cash
  • Developing a product
  • Owning a business (or multiple businesses)

The time and effort required to build these income streams is usually a heavy sacrifice initially. But there is no question that it pays off.

Give generously

Despite a report in The Atlantic which claimed the wealthy only give 1.3 percent of their annual income to charity, it is important to remember that large variances and anomalies tend to skew these types of statistics.

Ultimately, the main reason behind why so many wealthy people do give generously is that they have developed a healthy, well-adjusted attitude toward money. Psychologically-speaking, they understand that helping others who are in need is rewarding and self-satisfying. Simply put, it makes them happy.

One thought I heard on giving has always stuck with me. I don’t recall who said it, and I’m paraphrasing, but here is the basic idea: It is difficult to receive anything in life with a tightly closed fist.

How can you apply the habits of the rich in your life?

Studying the habits of the the wealthy has a very limited payoff without application. As in most endeavors, you can get started by chasing after the lowest hanging fruits.

If you’re not in the habit of saving and investing money, you need to take definitive steps toward gaining control of your cash flow. If you’ve never made a budget or analyzed your current financial situation, that is an easy place to start.

One of the simplest ways to gain a birds-eye view of your financial big picture is by signing-up for my favorite FREE financial tool, Personal Capital. With Personal Capital, you can monitor your spending by category, track all of your debt and assets, and even receive a personalized review of your finances. Get it here!

If you’re looking for a quick win, you can join thousands of others who have trimmed their budget of unwanted and unused recurring subscription services by using the FREE Trim Financial Manager. When you sign-up, Trim will review your regularly-recurring transactions, negotiate for better rates on your behalf, and even help you cancel unwanted subscriptions for you. You can learn more about Trim here.

Developing better habits may seem unlikely or even hopeless if you find yourself struggling with the burdens of debt. Refinancing is not the silver bullet to debt problems; in fact, it just serves to lessen the symptoms of the underlying problem. But if you’re paying sky-high interest rates, reducing them is an incredibly smart way to jump start a rapid repayment plan.

If you have high-interest student loan debt, I recommend giving LendEDU the opportunity to review your situation and provide options. If you have 90 seconds, you can fill out a quick form now and receive quotes from up to 12 different lenders without affecting your credit score one bit. If you still owe a sizable amount on your Associates, Bachelors, or Masters degree loans, this is literally one of the easiest ways you can free up money in your budget.

Finally, with mortgage rates likely to continue their recent slow rise, now is the time to consider refinancing and locking in a better rate, especially if this has been on your radar for a while. The two companies I recommend most to gather your options are LendingTree and GuideToLenders. Both can match you up with the most competitive rates for which you qualify and help you save thousands of dollars over the lifetime of your mortgage.

From there, start adding new habits to your daily routines. Go for an evening walk, grab a new non-fiction book at the library, and start practicing silence and solitude.

Remember, the common thread in all of the habits of the rich shared above is intentionality. Act consciously and deliberately and you can achieve great success!

How many of the habits shared above do you currently practice in one form or another? What other habits do you think wealthy people have in common?

Want to become wealthy? The best way to get rich is to study and implement the habits of the rich yourself. This article will give you everything you need to get started, whether it's time management tips, health tips, improving productivity, how to save money, how to build multiple income streams, and much more!

Your Unnecessary SUV Is a Financial Boat Anchor

Each day, millions of Americans arise before the crack of dawn. They begin thinking about the day’s tasks and cultivate lengthy to-do lists while sipping their first cup of coffee. Moments later, they begin their solo treks to work behind the wheels of 5,000 pound leather-clad SUVs with heated bucket seats; this begins the all-too-common trade of time and money for unnecessary, inefficient luxury.

It is sadly ironic that many of us search for efficiency in countless places – automatic bill pay, dishwashers, DVRs, and online shopping, to name a few – yet reject many of the fundamental notions of efficiency under the disguise of luxury. Unnecessary SUV ownership is a prime example.

Millions of Americans love large sports utility vehicles. But could an unnecessary SUV be stealing your current financial stability and future retirement?The rationalizations for owning massive vehicles are plentiful and predictable. We convince ourselves that we “need” the luxury of a large vehicle in our lives for safety reasons. Some cite their recreational pursuits or profession as the reason for their SUV ownership. Others “bought the SUV for the kids.” Those who are honest with themselves may admit that they sought the feeling of prestige inherent in driving an expensive vehicle.

Surely I’ve ruffled a few feathers thus far, which is both intentional and revealing: Americans are very defensive about their pet luxuries. I’ll admit that I am defensive about some of my own inefficient luxury expenses (dining out, for example). These kinds of wasteful luxuries are akin to subtle body odor: almost everyone notices it is a problem, but we don’t speak up because the offender is blind to their own scent. It is simply easier to remain quiet.

Luxury is ironic. Over time, what was once something that we cherished and appreciated becomes unnoticed, commonplace, and ordinary. We begin taking it for granted, it becomes normal, and the thrill and resulting happiness of the luxury wears off.

To recap, many Americans drive around inefficiently in large sport utility vehicles, which are designed to efficiently transport large numbers of people, because they believe that this luxury will make them happier. The happiness is temporary, which leads to disappointment. And disappointment leads to more spending in search of lasting happiness.

Why do we continue to this maddening cycle? Why won’t we learn?

There are likely all sorts psychological, mumbo jumbo-ish explanations for the unnecessary SUV phenomenon. Perhaps scientific explanations are more fitting; after all, the notion of contentment doesn’t mix well with survival of the fittest. I personally feel there is a simple explanation:

We have become better at rationalization than reasoning.

Reason states that my driving habits and adherence to standard safety protocol is much more likely to keep my family safe during any type of commute, yet rationalization argues that a larger vehicle provides additional safety. Reason argues that SUVs are only necessary for off-road adventures. It also points out that a small utility trailer can support transportation of recreational vehicles at a fraction of the cost of an SUV. Yet rationalization argues that it’s just easier to own an SUV. Reason notes that generations of children survived without SUVs. Rationalization allows us to satisfy our own selfish urges under the guise of sacrificing for our children.

Your Unnecessary SUV Has Taken the Place of Other Necessities

The bigger problem, of course, is not the SUV, or even its outrageous cost. The problem is that when rationalization replaced reasoning, lifestyle concerns replaced responsible financial management. The pursuit of luxury replaced the proclivity to practice restraint.

I truly believe that if most Americans were polled and asked to choose between a new luxury SUV in the driveway every 48 months or a stable retirement with a multi-million dollar nest egg to live on, most people would choose the latter. Yet our actions irrationally put us on the former path. Ironically, our actions in this regard do not actually align with what we value the most.

Parting Thoughts

To put it most simply: We really want B more than we want A, but A is easier to attain and we can have it right now, so we choose it.

This phenomenon is present everywhere. I experienced it myself this afternoon when I indulged in one of my wife’s fresh-baked Christmas cookies. In that moment, immediate gratification outweighed my desire to loose a few pounds. Much in the same manner, unnecessary SUV ownership is like a boat anchor which ensures the owner will remain drowning in debt or at best treading water. In all but the most rare circumstances, most drivers would be wise to embrace efficiency when choosing a vehicle in order to live the best possible life both today and in the future.

What vehicle do you drive? If you drive an SUV, do the costs associated with its operation represent more than 10% of your annual spending?

The Finance Superhero Rules for Car Buying

Let me be the first to say that I enjoy cars. You won’t catch me standing in my driveway admiring our two vehicles, but I appreciate them. They are reliable, cosmetically appealing, and mechanically-sound.

Spending too much money on cars is one of the most crippling financial decisions you can make.

Car Buying and The Purpose of Cars

When car buying, it is easy to focus on status, reliability, safety, etc. This guide will help you remove emotion from the decision and make a smart choice.

Making a smart choice when buying a car comes down to a good understanding of the fundamental purposes of cars. In no particular order, I believe they are as follows:

1. Function as people movers – transports people from point A to point B.

2. Support income opportunities – provide transportation to and from work.

3. Support recreational opportunities – provide transportation for recreational pursuits*

*Note: Though cars can be used for recreational fun, this is usually a luxury rather than a necessity.

In my experience, purposes beyond those listed above aren’t fundamental; they are what many people would call luxury. 

Ulterior Interior Motives for Car Spending

You’ve been there. You call out for pizza delivery on a Friday evening, and your piping hot pepperoni pie arrives 45 minutes later. In a puzzling twist, the delivery driver pulls into your driveway in a shimmering, new-ish Lexus. You pay for your pizza, instinctively tell the driver to keep the change, and then immediately find yourself wondering if he really needed the tip or even the delivery job. And then you start wondering, “Why don’t I drive a shimmering, new-ish Lexus?” Then it starts – the battle between the angel on one shoulder and the devil on the other shoulder.

The rational part of you is quick to answer.. “We don’t choose cars based upon their value as status symbols. My car is just as reliable as that Lexus. It compares well in terms of safety ratings.”

But the irrational devil fires back with an emotionally-charged response. “But think of what that car could do for your status. You’d be the talk of the block and the envy of everyone at the office. And wouldn’t a new car be more reliable and safer for the precious, fragile children? You can’t expect little Johnny and Susy to risk their lives riding around in a 2008 Honda Accord, can you?!?!”

It’s easy to laugh at the irrational devil, but there is a little part of him in you and me both. The average person really does think through these thoughts, particularly when contemplating the purchase of a new car. When emotion enters the equation, fear, pride, and a sense of duty tip the scales and allow people to make excuses for the purchase of a car.

Consider the following motives:

Status – It can be very difficult to drive one of the “worst” cars at the office. I know, because I’ve been there. In one two year period, I drove my 2000 Ford Taurus for what felt like 10 embarrassing, painful years. My younger colleagues surely wondered why I couldn’t “afford” a nicer car.

Driving my clunker Taurus was one of the smartest financial decisions I have ever made. Buying a nicer car may have improved my perception of my status among my colleagues at the time, but it wouldn’t have helped me win with money.

The Lesson: you’ll rarely win with money if others’ opinions drive your decisions.

Reliability – Blame the auto makers and their television commercials for this one. We’ve been conditioned to believe that an “old” car is a ticking time bomb, ready to implode and stop working at any given moment. Likewise, we believe that newer cars cannot possibly have this kind of problem. In reality, a well-maintained vehicle of any age will be reliable.

Safety – Blame the commercials for this one, too. You know, the commercials that guilt-trip you into believing you are The World’s Worst Parent if you don’t drive your child around in a full-armored Panzer. Never mind the fact that you’re driving with a latte in one hand, sending Snap Chats with the other, and cranking Ed Sheeran’s latest song at a dangerous decibel level. In reality, the biggest safety threat to you and your family is poor driving habits.

Children – Sometimes I think it would be fun to be a car salesman. I would sit at my desk, slowly sipping on my coffee, waiting for a family with a young child to come in. After silencing my “SUV-buyer-radar,” I would easily tap into the average parents’ desire to provide “a better life” for little baby Emma and start calculating my commission.

Harsh? Perhaps. But in all but the most extreme and unfortunate circumstances (special needs, disability), an SUV is unnecessary until you move beyond two-kiddo-territory. Kids will survive riding around in a sedan, and they’ll be OK without a drop-down Blu-ray player, Dolby Digital surround sound, and dual zoned climate control. You and I didn’t have them, and we survived.

Maintenance – I have actually heard people rationalize endless leases and perpetual new car buying under the guise that they are “bad at maintenance.” My response is usually a nicer version of the question, “So you’re bad at driving your car to a mechanic?” In 2016 and beyond, unless you’re a true “car guy,” you probably shouldn’t be doing your own maintenance beyond oil changes, brakes, and tire rotations, anyway.

Smart Methods for Car Buying

Once you’ve talked yourself out of a myriad of excuses for why you “need” a prestigious car, you can begin to examine your true needs. Ironically, this begins with revisiting the bold categories above. Then it’s time to ask some key questions

When car buying, it is easy to focus on status, reliability, safety, etc. This guide will help you remove emotion from the decision and make a smart choice.*Is there a particular reason that you truly need a specific vehicle (i.e. will you be fired if you drive a clunker?) or model year?

*Will you be driving primarily around town and racking up local miles or spend a bulk of your time on the freeway?

*What weather conditions will you face during your regular commutes?

*How many people will you transport on a regular basis?

*What are the costs of routine maintenance for the vehicle relative to the mileage you expect to drive?

Notice that there was scarcely a hint of emotion in the previous questions. When aiming to follow a smart method for car buying, there is rarely room for emotion.

Cash is King

When it comes time to buy a vehicle, it is best to buy with cash if you can do so. Many people will argue otherwise, but it’s hard to argue with the following facts.

*A cash purchase is the only one to ensure that you don’t continue to pay others for the right to drive your car after already paying others for the right to own your car.

*A 0% APR auto loan is a farce. Trust me, automakers and dealers aren’t in the business of selling you a vehicle and to make $0 profit.

*Every interest payment you make to others, no matter how small, is a red blemish on your overall net worth picture.

Big Down Payment + Small Loan = Instant Equity

If you cannot afford to buy with cash, the next best method is to scrape together the biggest down payment you can afford and take out a small loan.

When car buying, it is easy to focus on status, reliability, safety, etc. This guide will help you remove emotion from the decision and make a smart choice.

In the interest of honest, full disclosure, I financed my most recent vehicle purchase, a certified 2013 Hyundai Sonata, utilizing this method. Why? I was in a position to wipe out my other debt, my student loans, in short order, but I couldn’t do it AND pay cash for the new vehicle.

This vehicle was a true need, based upon our non-emotional answers to the above questions. By taking on a small loan at a very low interest rate, we were able to eliminate higher-interest debt. By tossing in a sizable portion of cash, we created instant equity to protect against the effects of depreciation.

The Big Question – What Can I Afford?

When you’ve settled on a path for car buying, you still need to be careful to avoid the biggest mistake of all: tying up too much of your annual income in vehicles which rapidly lose their value.

In order to win with money and ensure that do not become “car poor,” I recommend finding your place on the chart below and adopting the recommendations listed by income level.

When it comes to car buying, be sure you are not fooled by myths of status, reliability, and safety, and spend in line with your annual income.
Recommended Car Buying Figures By Income Level

The recommendations on the chart above are fairly generous, in my opinion. If you’re conservative, feel free to bump yourself down a level or two. The important thing is to recognize that your car isn’t responsible for your happiness – you are!

If you earn beyond $200,000 per year, I recommend remaining at a maximum allowed spending figure of $45,000 until you reach a net worth of at least $1 million. Even if you are not financially independent at this stage, loosening the purse strings a bit will not be highly consequential.

Final Recommendations

The car buying process is not one to be entered into lightly. Do your research, consider the cost of insurance and ongoing routine maintenance, particularly for foreign and luxury vehicles, and above all, be sure that you find a vehicle which will meet your needs without breaking the bank.

When car buying, it is easy to focus on status, reliability, safety, etc. This guide will help you remove emotion from the decision and make a smart choice.

What are your rules for car buying? Are these rules too stringent? Too relaxed? Just right?

The Car Lease – The Devastating Costs of Luxury

Yesterday, while driving around town to complete errands in my fuel-efficient, three-year-old Hyundai Sonata, I found myself waiting at a lengthy stop light. Naturally, the wait annoyed me to some degree, as I was the only car in sight. However, Moonlight (my wife’s affectionate name for our Hyundai) and I weren’t alone for long, as we were soon joined by a sleek, shiny 2016 Audi A8 Sedan.

Leasing a car may seem smart, affordable, and convenient, but this luxury may be costing you your freedom, retirement, and much more!While I am admittedly a car lover, I must admit that my interest was divided equally between the A8 and its driver. Why? The driver could not have been a day older than 25, by my observation, and naturally, the Finance Superhero in me could not compute many scenarios in which this young man could afford such a fine vehicle.

I know what many of you are thinking:

  • Good for him! This fellow has clearly done well for himself.
  • Did you strike up a friendship with Mr. A8?
  • Age is hard to predict; maybe this hot shot is older than he looks.
  • Weren’t you jealous?

My thoughts:

  • Maybe.
  • No.
  • Maybe.
  • No.

Jealous? While others may have felt envy, I only felt pity.

Yes, it is quite possible that this driver was closer to 35 than 25. It is possible that he is a new partner at a leading law or accounting firm. However, statistics dictate that it is more likely that he is a 20-something who earns slightly above the median US adjusted gross income ($36,841 in tax year 2013, according to Regardless, I assert that the driver’s income is a variable that pales in comparison to the opportunity cost in driving and likely leasing such a fine vehicle.

I Hope He Likes the Car

Except in cases of significant wealth, the luxury vehicle represents one of the largest financial boat anchors in the lives of Americans. Leasing one – or any car- can destroy your budget, crush your dreams of financial independence, and eliminate hope for a modest retirement.

For the purposes of illustration, let’s assume that Mr. A8 is leasing his vehicle. The current manufacturer lease offer for this vehicle is $899 per month for 36 months with $4,644 cash due at the time of signing. This represents a total cost of $37,008 over three years, or $12,336 per year! For a car!

What’s that? You’re still not convinced that Mr. A8 isn’t getting a fine deal?

Let’s assume that Mr. A8 utilized the $4,644 cash due at signing on the Audi and instead purchased a much more affordable yet attractive vehicle. For example, suppose he found a deal on a 2004 Honda Accord and stretches his budget to $5,000. In this scenario, he would not have any monthly auto expenses, aside from gasoline and regular repairs. This would free up $899 per month!

What could he do with these money? Here’s a suggested monthly breakdown (rounding up to $900 for the sake of simplicity):

$400 placed in a money market account as a sinking fund designated for the purchase of a replacement vehicle when the Accord goes to the junkyard in the sky

$500 invested in a company 401k/403b, up the company match, with remaining funds invested in a Roth IRA

Now, let us suppose that our 25 year old driver’s investments earn an average return (after inflation, the generally-accepted return figure for the S&P 500 is approximately 7%) and is compounded monthly. After thirty six months, Mr. A8 would have just over $20,000 combined in his 401k/403b and Roth IRA accounts, not including any company matching. Additionally, he would have $14,402.22 saved in his money market account (assuming an interest rate of .01%) toward the purchase of a future vehicle. If he continued investing this same amount each month until age 65, he would be poised to retire with investment accounts valued at approximately $1.3 million.

I hope Mr. A8 really likes his fancy car!

Common Objections

Despite the fairly simple math above, some people still love their leased car. I’ve heard many objections over the past several years. My response is usually very straight-forward.

I need a luxury vehicle for work purposes.

I understand that for many professionals, the appearance of a car is very important. However, a 3-4 year old Honda Accord or even 10 year old BMW will get the job done. And these vehicles can often be purchased in great condition, especially if you flash cash to secure a great deal.

I am not handy when it comes to automotive maintenance, so a lease makes sense for me.

This objection rarely rings true. First, very few people are capable of maintaining their own vehicles beyond routine fluid changes, brake replacement, and tire rotations. Leasing a vehicle does not eliminate maintenance costs. And no, maintenance is not free with a lease. You are paying for it, as the costs are built in somewhere.

Second, new vehicles are often subject to repairs that will later be addressed by manufacturer recall. Strategically purchasing used vehicles which have already had these concerns addressed and repaired and have already had their 50-60k mile maintenance performed is a much better way to go.

With a lease, I can drive a new car every two or three years.

Listen. You need to make a decision. We are talking about your vehicle or your retirement! Which do you want more? 65 year-old you will want to kick 25 year-old you in the butt for being stupid and leasing a vehicle when you could follow the simple mathematical plan above and still simultaneously fund your retirement AND drive nice vehicles. And 65 year-old you is likely to get that opportunity, as Apple will probably have invented the iTimeMachine by that point. Don’t screw things up for future you! Don’t walk away – run – if you’re tempted to lease a car.

What are your thoughts on car leases? Does it ever make sense to lease a vehicle? Have you or someone you know ever been burned by a car leaLeasing a car may seem smart, affordable, and convenient, but this luxury may be costing you your freedom, retirement, and much more!se? Share your thoughts in the comments section.