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Lease Or Buy: The Automobile Question

April 21, 2022
Resource Additions, Announcements

It’s a common question your clients are asking: Should I lease or buy my next automobile? The decision to lease or buy can have a day-to-day and long-term effect on cash flow and emotions. Beyond make, model, and body type, the evolution of automobile technology is changing the motives and philosophy of car ownership. 

To help you guide your clients’ decision-making, introduce the “Should I Lease Or Buy My Next Automobile?” flowchart. You’ll find this guide helpful whether your clients have an immediate, unplanned need or are making emotional decisions. 

Decision Points To Consider

The decision to lease or buy can be a struggle. While there are advantages to both options, the analysis isn’t strictly financial. Your clients may be weighing competing factors that bear various degrees of importance. Use this flowchart to cover important decision points, including:

  • Costs and cash flow
  • Mileage and use
  • Safety and technology
  • Depreciation
  • Flexibility  

Your Clients Will Thank You

Your advice will empower your clients to make the best choice for their situations. You can provide a thoughtful, reasoned approach to help your clients feel confident about these decisions using the flowchart. Additionally, you can help your clients prioritize their preferences and compare their options. Finally, this kind of advice will help ward off buyer’s (or lessee’s) remorse because they have articulated the basis of their decision.

Is fpPathfinder Membership Right For You?

We offer a couple of ways to learn more. First, please visit the Become A Member page. You will find descriptions of membership levels, and you can evaluate which level can move you closer to your goals. Second, register for a live demonstration if you prefer a personalized experience. Our team will walk you through each level and answer your questions on the spot. 

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What Customers Are Saying About Us

Hundreds of other advisors are actively using fpPathfinder. Read what those lovely people have to say about us.
“I love your resources, you guys & gals have helped us take our practice to the next level!”
— Trevor, an advisor in California
“fpPathfinder has been critical in my execution of financial planning. They provide well thought resources for when clients face specific problems, and I use them over and over again.”
— Roger Whitney, CFP®️, CIMA®️, CPWA®️
“We are delighted with the thoroughness of each chart in simplifying the complex questions and helping lead to an answer. These are indeed a helpful asset in our toolbox for work with clients.”
— Victoria L, an advisor in Massachusetts
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— An advisor in Utah
“I just met with a client who had a question regarding her eligibility for Social Security benefits. We went through the flowcharts answering each question and following the lines. She looked at me and said 'This is great, it was so much easier to use this than trying to go through all the literature that Social Security offers. Thank you so much.'”
— Ben G, an advisor in Wisconsin
“Having been trained in a CPA firm, checklists were how everything was done, I was amazed to learn how little checklists were utilized in FP [Financial Planning]. I had created my own but FP Pathfinder has outdone me in creating current issue lists and updates. This is a must for any advisor. ”
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