I hope you will find this information useful!

I chose this video because it was interesting for anyone specifically looking to lease a vehicle. It helps the viewer understand not only how to determine their monthly payment but also what are the key drivers of their payment which they can possibly negotiate when making their deal. I did not see another video similar to this that was specific for people leasing a vehicle.

I chose this video because it was very informative, yet it was not completely unbiased. Some people prefer to have somebody help them make the decision and this individual gets into not only what to consider but what he recommends and why. I thought this was an interesting approach versus other content.

I chose this video as I felt although it was applicable to a small group of the population only, it was still very informative and educational on this topic. The tax implications specifically on Canada is not something I saw many other videos covering and not as clearly explained as this one.

I chose this video because I liked the simplistic nature of the 5 key questions. While there is much more to consider and these other elements are included in other videos and websites, this one at least is very simple and helps you understand which one you should investigate further.

I chose this website because I found that it is written in an easy-to-understand format and it is also not biased towards one way or the other, just information sharing designed to educate people on the topic. This differs from some other websites on the topic that are advocating for one or the other. 

I chose this website because I thought this was a very informative tool for people when making their decision. I thought it was very interesting and helpful to be able to make changes to all the different factors (e.g., interest rate, downpayment, car price, length of loan, etc). 

I chose this website because I thought this was a very informative tool for people trying to decide between which approach to take. The information was different than just looking at payment – it looked at net cost of buying or leasing in the scenario which I did not see on other sites.

I chose this website because tax implications are not something that normally comes to mind for this topic. I did not see many other sites covering this sort of information on the topic of buying versus leasing and thought it is information people should consider when making their final decision.

I chose this image because it is a very clear way to frame up the summary and it included interesting points I did not see elsewhere, for example consideration for having bills as well as being bound to a time commitment.

I selected this image because it is very clear and easy to understand. I did not see other images that give a specific example and include the total cost spent with each option visually.

What surprised me the most about this topic is how much the longer loan terms affect the total amount you end up paying for a car when you buy it. By playing with the calculator tool I was able to see that you can add thousands in interest to the price of the car by extending your loan timeframe and unless you are able to negotiate a very low interest rate. Many people are tempted to extend the payment over a longer term to make the payment lower to be able to afford a more expensive car but it is actually better to get a car you can afford to pay in a shorter timeframe (maximum 5 years).

This topic is relevant for me as I currently have a vehicle that was given to me by a family member but when I need to replace it which will be in a couple of years, I need to trade it in to either lease or finance a new car. This information will be very beneficial to me to help me make the best financial decision. 

The information I would pass on would be that there is no right or wrong answer to the question whether to buy or lease. It all depends on your situation and your preferences as well as your lifestyle. People should not be pressured by individuals that have strong opinions on the topic and consider their own situation and relevant details before making the decision.