“My contract says tax, title, fees and licensing.” (Photo subject is a model.) - Getty Images/iStockphoto Dear Quentin, If you are leasing a car, what’s the point of paying thousands of dollars due at lease signing? My contract says tax, title, fees and licensing — but then wouldn’t I have to pay that again at the end of the lease period, if I buy it? Please explain to me, like I’m 16, why anyone would lease a car? Curious Reader Most Read from MarketWatch Related: 2025 was one hell of a year. Consumer ...

Core Insights - The article emphasizes the importance of financial management strategies proposed by Dave Ramsey, particularly focusing on debt elimination and the establishment of an emergency fund [1][4][18] Debt Management - Ramsey advocates for paying off all debts except for the mortgage, suggesting that once debt-free, individuals should avoid borrowing again [1][6] - The article highlights the negative impact of debt on financial flexibility and the necessity of making sacrifices to pay it off [6][8] - There is a disagreement regarding the early payoff of low-interest mortgage debt, which Ramsey suggests, as it may not be financially beneficial [5][7] Emergency Fund - Establishing an emergency fund is prioritized, with Ramsey recommending a starter fund of $1,000 and a full fund of three to six months of living expenses once debt-free [4][3] - The emergency fund serves as a financial safety net, preventing individuals from falling back into debt during unforeseen circumstances [2][3] Budgeting - Ramsey promotes living on a budget, specifically a $0-based budget where every dollar is allocated to spending or saving [14][17] - The article acknowledges that while the $0-based budget may not suit everyone, the importance of conscious spending and budgeting is crucial for financial success [15][17] Car Financing - Leasing cars is discouraged, with the article agreeing that it is an expensive way to acquire a vehicle [9][10] - The recommendation is to purchase affordable used cars and save for future purchases rather than taking on new debt [11][12]