Back Quote by Kevin O'Leary
“The practical reality of managing cars in the family - I do 36-month leases. I think they're horrible investments. And you want to give them back after their warranty is over.”
About This Quote
Source Interview: CNBC, 2021
Leasing cars is financially inefficient because you incur ongoing costs without building equity, especially after warranties expire.
In simple terms: Car leases cost more than they’re worth.
Key Takeaway
Consider buying used cars instead.
Themes
finance
consumer advice
investment
Mood
practical
critical
Type
advisory
financial
When to use this quote
- budgeting
- vehicle purchasing
- long‑term planning
Key Concepts
depreciation
lease terms
Questions to Reflect On
- What are the hidden costs of leasing?
- When might leasing be justified?
A Different Perspective
Leases can be useful for short‑term needs.
![“I'd like to have a vote on it at the November [owners'] meetings. There's no reason why we can't announce who we intend to sell the team to in conjunction with signing the lease. But it's very important that we sign a lease contemplated by the stadium agreement. We continue to negotiate and hope…” quote by Bob DuPuy](https://sms4smile.com/quotes/img-quotes/07e/bob-dupuy-71491_agreement_i-d-like-to-have-a-vote-on-it-at-the-nov_99425.jpg)
