Windy City Media Group Frontpage News
Celebrating 30 Years of Gay Lesbian Bisexual and Trans News
home search facebook twitter join
Gay News Sponsor Windy City Times 2016-10-19
About WCMG Publications News Index  Entertainment Features Bars & Clubs Calendar Videos Advertisers OUT! Guide    Marriage



To buy or lease? That is the question
by Stephanie Minor,

facebook twitter google +1 reddit email

As an owner of a 1999 Honda Civic coupe with around 140,000 miles on it, I'm often asking myself the question, "Is it time?" As I rubberneck past new-car dealerships and help friends and family members choose the right car for them, the thought seeps in more and more until my synapses scream a resounding "YES, YES, LET'S DO IT!"

Eventually, I come back to reality, and as Suze Orman puts it, recognize my "financial truth". As is the case with many Americans—and recent college grads in general—I'm not in a financial state to purchase a new car.

Not only that, but Baby Car (as it has been called by friends for years) is in fantastic shape! What ever happened to the phrase "if it ain't broke, don't fix it"?

Why does my brain, despite my financial limitations and adoration for my Baby, so often take the leap over the line between "keep it" and "leave it"?

L, B, G, T or otherwise, we humans L-O-V-E having the newest, the most technologically advanced and the shiniest … whatever really, be it TV, phone or car.

So when the right time to get a new Baby does arise, a new question crops up: buy or lease?

Buying gives the peace of mind that once a car is yours, it's yours. Your money will literally take you places.

But leasing is appealing in that all-American quest for the best of the best of the best: multimedia touch screens, navigation, satellite radio, Bluetooth, premium audio sound systems, voice recognition and whatever comes with next year's model (basically, everything Baby Car doesn't possess).

But at the end of all the payments, overage in miles and cosmetic "damage" fees upon lease end, you're left with nothing but to spend more hard-earned cash on your next set of wheels. Is that really the best?

The September issue of Consumer Reports magazine has an article advising drivers against investing in a new car every couple of years. Not only is doing so financially unsound, but also, today's vehicles are built better than their predecessors. Keeping your current car reliable and running for 200,000 miles—and beyond—is more than possible. It also saves you big bucks, period.

While Baby Car doesn't necessarily keep up with the increasing speed of advancing auto technology, it will nonetheless keep humming along for some time to come. And ultimately, if I decide I really need a new stereo or navigation system, I can run down to my favorite electronics shop and have one installed for far, far less than the cost of a new ride. (Or I could just use my smartphone.)

Do yourself a favor and resist the urge to lease. Stitch up that hole in your wallet. Buy reliable and invest long-term.

This is a guest post from one of Gaywheels' newest contributors, Stephanie Minor. People can follow her on Twitter at @majorminor85, on LinkedIn or on her blog, .

facebook twitter google +1 reddit email

Windy City Media Group does not approve or necessarily agree with the views posted below.
Please do not post letters to the editor here. Please also be civil in your dialogue.
If you need to be mean, just know that the longer you stay on this page, the more you help us.


Gay News

AUTOS: VEHICLE REVIEW 2017 Hyundai Elantra: Less swoopy, more suave 2016-09-27 - When first seeing the redesigned 2017 Hyundai Elantra, I didn't really care for it. Sure, it was bound to be a technical advancement ...

Gay News

VEHICLE REVIEW 2016 Nissan Titan XD: All-new truck for an all-inclusive world 2016-08-23 - Pride is not just a celebration for you June bugs anymore. Still to come in 2016 are Pride events in Austin, Dallas and ...

Gay News

Auto news 2016-08-23 - —Uber advancement: The ride-sharing firm Uber will, for the first time, allow users to hail self-driving cars, BBC News reported. Uber said the ...

Gay News

AUTOS: VEHICLE REVIEW The 2016 Chrysler 300 hauls class 2016-07-26 - Once referred to as a "Baby Bentley," the Chrysler 300 has certainly come into its own and is no longer viewed as the ...

Gay News

AUTO REVIEW: 2016 Infiniti QX50, A few inches can make a big difference 2016-06-21 - Seems like I just can't keep up with those California gays. My colleague and fellow writer Jeff Stork got a hold ...

Gay News

Auto news: HB2, Danica Patrick 2016-05-24 - —Honda and HB2: Honda has just issued a third statement about North Carolina's controversial anti-LGBT law HB2, noted. The statement makes it ...

Gay News

AUTOS: VEHICLE REVIEW 2016 Nissan Maxima Platinum: A four-door sporty car 2016-05-24 - It's hard to believe the Maxima nameplate has been with us so long- first appearing on a stretched six-cylinder version of the 810 ...

Gay News

Auto news: lawsuits, recalls and more 2016-04-26 - —Volkswagen lawsuit: A former Volkswagen employee has alleged that deleted documents and obstructed justice after the Environmental Protection Agency ( EPA ) accused ...

Gay News

VEHICLE REVIEW 2016 Chevy Volt: Nice ... if there's a garage to charge 2016-04-26 - Anyone who has ever tried to eat healthily has experienced sticker shock. Healthy foods, unless you know how to shop and how to ...

Gay News

AUTOS: VEHICLE REVIEW The 2016 Mazda MX-5 Miata: The fast and the fabulous 2016-03-23 - Basically, if you need an affordable sports car/roadster, this is one you should test drive. It's peppy alright, giving you a low-to-the-ground ( ...


Copyright © 2016 Windy City Media Group. All rights reserved.
Reprint by permission only. PDFs for back issues are downloadable from
our online archives. Single copies of back issues in print form are
available for $4 per issue, older than one month for $6 if available,
by check to the mailing address listed below.

Return postage must accompany all manuscripts, drawings, and
photographs submitted if they are to be returned, and no
responsibility may be assumed for unsolicited materials.
All rights to letters, art and photos sent to Nightspots
(Chicago GLBT Nightlife News) and Windy City Times (a Chicago
Gay and Lesbian News and Feature Publication) will be treated
as unconditionally assigned for publication purposes and as such,
subject to editing and comment. The opinions expressed by the
columnists, cartoonists, letter writers, and commentators are
their own and do not necessarily reflect the position of Nightspots
(Chicago GLBT Nightlife News) and Windy City Times (a Chicago Gay,
Lesbian, Bisexual and Transegender News and Feature Publication).

The appearance of a name, image or photo of a person or group in
Nightspots (Chicago GLBT Nightlife News) and Windy City Times
(a Chicago Gay, Lesbian, Bisexual and Transgender News and Feature
Publication) does not indicate the sexual orientation of such
individuals or groups. While we encourage readers to support the
advertisers who make this newspaper possible, Nightspots (Chicago
GLBT Nightlife News) and Windy City Times (a Chicago Gay, Lesbian
News and Feature Publication) cannot accept responsibility for
any advertising claims or promotions.








About WCMG Publications News Index  Entertainment Features Bars & Clubs Calendar Videos Advertisers OUT! Guide    Marriage

About WCMG      Contact Us      Online Front  Page      Windy City  Times      Nightspots      OUT! Guide     
Identity      BLACKlines      En La Vida      Archives      Subscriptions      Distribution      Windy City Queercast     
Queercast Archives      Advertising  Rates      Deadlines      Advanced Search     
Press  Releases      Event Photos      Join WCMG  Email List      Email Blast     
Upcoming Events      Todays Events      Ongoing Events      Post an Event      Bar Guide      Community Groups      In Memoriam      Outguide Categories      Outguide Advertisers      Search Outguide      Travel      Dining Out      Blogs      Spotlight  Video     
Classifieds      Real Estate      Place a  Classified     

Windy City Media Group produces Windy City Queercast, & publishes Windy City Times,
The Weekly Voice of the Gay, Lesbian, Bisexual and Trans Community,
Nightspots, Out! Resource Guide, and Identity.
5315 N. Clark St. #192, Chicago, IL 60640-2113 • PH (773) 871-7610 • FAX (773) 871-7609.
[email protected]  •  [email protected]  •  [email protected]

Website Powered by