Yes, Suze Orman, You Can Lease A Car

The well-known personal-finance expert, Suze Orman, was recently interviewed by Chris Wallace, and she didn’t mince words. When Wallace sheepishly admitted that he leases a car, Orman retorted that no one should ever do that. “Leasing a car,” she said, “is the biggest waste of money out there.”

Of course, Suze knows her stuff, and she is technically correct. Leasing a car will cost you much more money over the long run. The best plan for anyone hoping to minimize the costs of having a car is to buy a good brand, take impeccable care of it, and own it for years. I know many people who put a couple hundred thousand miles on a car, change the oil regularly, and get huge bang for their buck.