Car Leasing

According to the Wall Street Journal, car leasing recently hit a record:

http://www.wsj.com/articles/leasing-of-light-vehicles-sets-record-in-february-1457121978

There are a number of reasons that car leasing appeals to consumers.  It also creates opportunities to purchase used cars once vehicles go off-lease.  What's interesting about this is that it shows that consumers are looking at vehicles differently.  Weighing the options between purchasing and leasing a car is a big decision.  That said, there are other options such as purchasing a used car which may make sense for some consumers.  It depends on a number of factors.  Old Westbury Library has a financial literacy Libguide which offers some library resources when it comes to making financial decisions:

http://libguides.oldwestbury.edu/money

Until next time, catch me in the library.