The happenings "inside" the Wisconsin State Treasury and across the street at the State Capitol

Wisconsin Saves Fun Tip: Save For a Car (Whether to Buy)


WWBIC

The Wisconsin Office of the State Treasurer proudly teams up with WWBIC (Wisconsin’s Women Business Initiative Corporation) for “Wisconsin Saves.”  Each week, we will share withOST Design large seal you a savings tip courtesy of WWBIC.

 

Mass Transit/Rental Alternatives:

 

Before buying a car, especially a second vehicle, consider whether alternative transport makes sense. Particularly in cities, these alternatives could include mass transit, cabs, and rental cars, or a combination of the three. Most important, estimate the cost of a car and the cost of any alternative. Then ask yourself the question, is the convenience of car ownership worth the price?

Leasing Option:

If you decide you want to always have a car available, consider leasing as an alternative to ownership. One reason that so many cars are leased is that monthly lease payments are often lower than monthly car payments. But remember that, at the end of the lease period, you won’t own the car. And buying it at the end of a lease may cost you more in total than purchasing it at the outset.

Advertisements

One response

  1. Pingback: Wisconsin Saves Fun Tip: How Much to Spend on Holiday Shopping! | Wisconsin State Treasury

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s