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Retirement Planning Associates

Do I go for the Auto Lease or Not?

My general idea about credit is don't use it. But if you have to, you should at least get something for it. When you lease a car several things happen.

1.) You don't own the car, but are fully responsible for taking care of it.

2.) You can have a lower payment by leasing; however, you will always have a payment!

3.) When you walk into the dealer, he says "How about the same payment, or for just $50 more you could be in this slick NEW!! wheels over here. How about it, Jim?"

I know you have great will power and you're gonna say, "No, Mr. High Pressure, I'd rather pay the same payment and ride my old piece of garbage for the next five years at 18%."

I don't think so!!!

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Retirement Planning Associates is led by James Ellis, a registered representative of,
and securities offered through, JKR & Co., Member NASD, SIPC.