Automobiles—Lease or Purchase? New or Used?

<car purchase image>Most people have a dream car—one they would buy if they had unlimited funds.  Unfortunately most people don’t have unlimited funds, so getting a vehicle needs careful consideration.  When you buy a car, you are not just spending money.  You are making an investment because you will probably have the car for several years to come.  Did you know that many millionaires say that they only buy used cars?  Why?  Should you lease a car?  Should you buy a new or a used car?  In this topic you will learn the answers to all of these questions.

Essential Question:

  • What is involved in obtaining an automobile?