Leasing Cars Instead of Buying Used Could Be A $1 Million Decision


Did you know that 80% of millionaires have NEVER leased a car?

Image by Pixabay

Here’s why!

Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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4 Responses

  1. Barry says:

    Just so I got it straight
    Nathan purchased a 10 year old car with only 60,000km on it rather than 120,000km an average 10 yr old car would have

  2. Daniel T says:

    I’m 37 and my solution has been to bicycle everywhere (and save on a gym membership) and then rent a car, or van whenever I really need one. So when I do, drive I always drive brand new latest models.

    I may buy a car someday if the need is big enough now that I have a child. . but I’m hoping automated cars and public transportation become good and cheap enough that I’ll never need to own a car and can just rent cars for the occasional road trip.

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