How to purchase or lease a car

Buying a vehicle takes research, patience, the right amount of funds, and bargaining abilities. Here are tips to gain those skills so you can drive away in new wheels.

What are the most common mistakes people make when buying a car? When is leasing the best option? What percentage of take-home pay should go toward car payments?

In this article on WalletHub Feb. 12, 2018, a W. P. Carey finance professor shares his advice:

In general, the longer you plan to hold on to the car, the more attractive buying becomes.&nbsp

— Richard C. Kraemer Professor of Finance Sreedhar T. Bharath.