Leasing a new car

Thinking about leasing a new car? Here’s what you need to know.

 

When you’re shopping for a new car, conventional wisdom holds that it’s cheaper at year-end to buy the outgoing model year of a vehicle you want rather than the new incoming model year.

 

The thinking is that dealers are more willing to negotiate in the months of November and December in order to move existing inventory and make way for a fresh batch of vehicles.

 

Well, this negotiating wisdom holds true for consumers buying a car with cash or making a down payment and financing the rest of their vehicle purchase.

 

But what about those individuals who are planning on leasing a new car? Nearly 30% of new-car transactions are leases, according to Experian Automative. [continue reading…]

Saving money

 

If you’re like the average American, you’re going to drop a nice chunk of change this holiday season while shopping for gifts, decorations, and other holiday-related items.

 

In fact, the National Retail Federation says the average person celebrating Christmas, Kwanzaa and/or Hanukkah will spend $804.42 in 2014, up almost 5% from 2013 spending levels. [continue reading…]