Commission employee over 120k salary Is it right choice to lease a new car?
I am so frugal and never bought a new car and never bought an expensive car in my life.
My avg gross is over 120k. And I am entitled t777 because of my job title.
People were saying I should lease a car instead of driving old INFINITI with 230k on it.
I narrowed down to Hyundai ioniq or Toyota Prius.
Idk I probably save $250 per month on gas compared to INFINITI. But I will be spending $470 per month car payment..
Does it make sense to lease a car or just keep used car?
I do love my INFINITI. I bought it for $4000 and I took care of it until now.
Never spend this much money in my life for such a stuff like car.
If it was a mortgage, I wouldn't hesitate it.
I already have my house and RRSP and TFSA is full now.
There is nothing I can really deduct tax at the moment and paying over 40k tax per year...
I wish I have kids but I am not married and still young not even 30 yet...
Ugh. Spending money to reduce tax. Idk.
It's still spending. But I spend less on gas.
Give me guidance please!!