Each week, the Students in the Free Enterprise (SIFE) Team from the Henry W. Bloch School of Management, with assistance from a group of respected business people, will answer your financial questions. Pharmacy major Brendon Wilson asked, “Is leasing a car a smart financial move?” When trying to obtain a car you have three options: leasing, buying new or buying used. New cars lose their value fast, usually about 60 percent in the first four years. That’s not a very good investment. When you consider the high implicit interest rates that comes with leasing a car, it usually only ends good for the dealership. Instead of leasing or buying brand new, look to pay cash for a vehicle that’s a few years older, with low mileage, and you’ll know you’ve made a wise financial decision. This way … Read entire article »