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Personal Finance in Your 20s & 30s, 5E by Susan Shelly McGovern, Sarah Young Fisher

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CHAPTER15

Buying Versus Leasing a Car

In This Chapter

  • Deciding what kind of car to buy
  • Buying versus leasing
  • Buying new versus used
  • The added expenses of car ownership

The rumor that millennials are turning their backs on owning cars and even driving may be just that—a rumor. There’s been a lot of talk in the past couple years about millennials giving up cars to use public transportation, Uber, or car-sharing services. Recent studies, however, reveal some very different information regarding millennials’ attitudes about owning and driving cars.

In April 2015, global marketing information services firm J.D. Power and Associates reported that ...

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