OWN THE ROAD WITH AUTOTRADER EPISODE 80: ANSWERING YOUR MOST ASKED QUESTION: LEASE, BUY, OR FINANCE?

EV Channels Review

In Episode 80 of 'Own the Road with AutoTrader,' hosts Dan and Jodi tackle the crucial decision of how to acquire a vehicle: lease, finance, or buy outright. They break down the complexities of each method, emphasizing the current economic climate with new car prices averaging over $60,000 and used cars over $34,000. Leasing is presented as an option for those who desire new vehicles frequently, highlighting its fixed residual value but cautioning about mileage limits and condition requirements. Financing is described as the path to ownership, with a strong warning against excessively long terms (84-96 months) that can lead to negative equity. Buying outright is acknowledged as the simplest but least common method due to the high capital required. The hosts stress the importance of negotiating the total purchase price, not just monthly payments, and advise viewers to consider their personal financial situation and lifestyle when making this significant decision. The episode also features an 'Ask an Expert' segment where a listener shares a positive experience with their Rivian R1T, praising its efficiency and features, and discussing the impact of EV incentives.