To Buy Or To Lease A New Car? Which Is Better?

<p>One of the most common questions that I get from the Mommy Millionaires is how to decide between leasing or buying a car. The short answer is: it depends. I break down the pros and cons of each option, share some key questions you should ask yourself when you’re in the market for a new car, and share my experiences with buying and leasing. There’s a lot to consider before signing on the dotted line, but hopefully, this episode helps you gain some clarity about what’s right for your current budget and lifestyle.&nbsp;</p><p><strong>IN THIS EPISODE, WE TALK ABOUT:</strong></p><ul><li>What a depreciating asset is&nbsp;</li><li>Certain tax benefits to leasing a car</li><li>Tracking how much you drive to determine if leasing really makes sense for your daily driver&nbsp;</li><li>Being honest with yourself about your ability to keep your car in pristine condition&nbsp;</li><li>Calculating how much of your income you can dedicate to a monthly car payment&nbsp;</li></ul><br/><p><br></p><p><strong>CONNECT WITH CAYLA</strong></p><p>Follow Mommy Millionaire: <a href="https://www.instagram.com/mommymillionaire.co/?hl=en" rel="noopener noreferrer" target="_blank">@mommymillionaire.co</a></p><p>Follow Cayla: <a href="https://www.instagram.com/cayla.craft/?hl=en" rel="noopener noreferrer" target="_blank">@cayla.craft</a></p><p>Visit the Mommy Millionaire website: <a href="https://www.mommymillionaire.co/" rel="noopener noreferrer" target="_blank">mommymillionaire.co</a></p>