Money Monday!

File this in the “advice I don’t usually give” category.  If you have a car lease that is ending, you may want to consider buying it out. Generally, I don’t feel this is the best thing to do. However, as is the case with many decisions, things are different in 2022. 

The buy-out price was determined when you signed your lease. Chances are, the current value of your car is much higher now.  You may find that it makes much more sense to buy your car at this price than to go out and look for a new one. 

As with any of my recommendations, it’s important that you check to see how this applies to your specific situation, but it’s worth a shot to see if you can take advantage of the inflation in car prices.