Sean Pyles

So going through two cars or going through a car about every two years, she was buying these cars, is a really expensive financial decision.

And so she most recently has actually made the decision to lease because she just knows, hey, I'm someone who likes a new car every couple of years.

She's getting more into electric vehicles, which have

technology that's increasing and improving really rapidly.

And so if you are that type of person who wants a new car on a regular basis, especially an electric vehicle, leasing can just be a better option for you there.

Yeah, I'm glad that works for them.

I am not that type of car owner.

My 2016 car still has physical buttons and a CD player, not a screen in my car.

And I love it.

Made it sound like it was rent to own for a lease, but it wasn't really the case.

Okay.

We're going to take a quick break.

And after that, we'll be back with more about leasing versus buying.

Okay, we are back.

So let's continue this conversation, Shannon.

Patty is essentially thinking about buying a used car because that's what they would be getting if they buy the car they have been leasing at the end of the term.

And aren't used car interest rates typically higher than that of new cars?

You know, to me, that sounds like another way that buying after leasing may turn out to be more expensive than buying the car outright or buying a new car.

Now, new cars may also sometimes come with incentives like zero APR or maybe even cash back, although you're probably a lot less likely to get that with a lease, correct?

Okay.