Sean Pyles

And yeah, frankly, it was a piece of crap.

There was one time where I was driving, and I was in this line of traffic, and I was putting my car in park and in drive a lot, and the shifting knob just came apart.

into several different pieces.

And so it was just a spike that I had to push into.

It was just the worst car.

It got me all over the country for a little while there.

I had it in high school and then into college when I was in Vermont.

But I was really glad to say bye to it.

And I think because I had such a crappy car, that's why I went on the other end and got myself a much nicer ride when I finally bought one

six years ago almost, and I paid off my car last year or the year before, I forget which, and I have no desire to buy a new car because I love not having a car.

Absolutely.

I mean, I'm only at 70-something thousand miles on this car, and I want to take it to at least 200.

To help us answer Patty's question, we're joined this episode by auto's nerd, Shannon Bradley.

Welcome back to Smart Money, Shannon.

Thank you.

It's always good to be back.

Let's just lay out some terms really quickly here.

Can you talk us through what a car lease is and how it works?

What if the actual value varies greatly from the determined residual value when you go to set up your lease contract?

Is there any room for negotiation?