money guidance and how to get rich_52

_{Don't mention your trade-in until you've finished negotiating the price}

_{of your new car. Bringing it in early will only allow the salesperson to}

_{confuse you by making the negotiation more complicated. Once you}

_{have a firm price for the new car, you can make arrangements for the}

_{trade-in, and then attend to financing matters.}

_{For some people, leasing makes sense. But, for many it doesn't. If you}

_{plan to keep your car for a long time, buying is often the best choice.}

_{But if you're short on cash, or don't plan to own a car for many years,}

_{sometimes leasing is smarter. If there's much chance that you'll damage}

_{the vehicle (not so unlikely, with a truck), you might get socked}

_{with extra charges if you lease — after all, vehicles coming off leases}

_{are later sold. If your credit rating isn't too hot, buying might be best,}

_{as good credit is often required for leases.}

_{Here are a few things to keep in mind as you deliberate:}

_{• Is the leasing deal you're being offered a good one?}

_{• What will you be using the car for? (If it's being used for business,}

_{you may have some tax deductions coming.)}

_{• How many miles will you be driving the car? (Excessive mileage}

_{or wear and tear can end up costing you more.)}

_{As you compare leasing vs. buying, consider these costs and factors}

_{as they relate to each option:}

_{• What's your initial outlay?}

_{• How much will you be paying while you possess the vehicle?}

_{• What final costs are there, at the end of your possession period?}

_{• What options rights do you have, if you're leasing, and what will}

_{they cost you?}

_{• Will you be able to deduct any of these expenses?}

_{to do some research before opting to lease. You can learn a lot more}

_{about leasing at these sites:}

_{And check out this book, too:}