Suze Orman: Leasing a Car Is ‘the Biggest Waste of Money,’ Here’s Why
To lease or to buy? That is the question many car shoppers ask themselves. According to money expert Suze Orman, there is only one correct answer.
Here’s why Orman says leasing is a waste of money.
Trending Now: 10 New Cars to Avoid Buying in 2024
Read More: How To Get $340 Per Year in Cash Back on Gas and Other Things You Already Buy
Sponsored: Credit card debt keeping you up at night? Find out if you can reduce your debt with these 3 steps
Suze Orman Says You Should ‘Never’ Lease a Car
While appearing on “Who’s Talking to Chris Wallace,” Orman was asked how to decide whether you should lease or buy a car — and Orman had no hesitation when she answered.
“You should never lease a car,” she said. “Leasing a car is the biggest waste of money out there.”
Wallace admitted that even he leases a car, but Orman pushed back and said it’s not a good use of his money
“If you keep it the entire time, [for] the life of it, if you take good care of it, [you will save money],” she said. “My car is going to be good for another five years. I just think it’s better to buy.”
More From GOBankingRates
This article originally appeared on GOBankingRates.com: Suze Orman: Leasing a Car Is ‘the Biggest Waste of Money,’ Here’s Why
