#liefcycle

Chris writes:

Hi Sajeev,

I’m in the market for a new(er) car to replace my 2005 Nissan Quest. Safety is a very important precondition for my purchase since it will be used to transport my kids around our very congested city. I was thinking about leasing a 2017 model and narrowed my search down to a Chevy Equinox, Nissan Rogue, or Mitsubishi Outlander (all about $200/month for 36 months with $3K down). In crunching the numbers, I quickly realized that with the $10,200 or so that I’d spend on leasing a car that I’d eventually have to part ways with, I could easily buy a low mileage example that was between 3-6 years old.