Dear Dave,
I’m 61 and on disability, but I’m completely debt-free and I have more than $1 million in assets. I even try to spend no more than four percent of the principal each year, so I don’t dip into it. I need to buy a better car, and I realize that I have three options — pay cash, do a lease or finance the vehicle. What do you suggest?
Linda
Dear Linda,
There’s no way I’ll ever tell you to lease or finance a car. You have a nice, peaceful financial life, and you don’t want to mess that up.