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UC	Wyler also enjoys cars in miniature. photo/Lisa Ventre

1. Take a look at the people who are driving the really expensive cars in this country. Ninety percent of these folks, who are likely to be pretty smart when it comes to using their money well, are leasing. They don't want to tie up any of their cash in something that's going down in value every month. They prefer to put their money in something that's likely to go up.

2. How's your credit rating? For credit-worthy customers, leasing a new car is probably the best way to go. The only difference between leasing and buying is how much of that payment goes into the equity of the car, but of course the car devalues every month. It's not like buying a home, where you might expect to have appreciation. Once you buy any car, you're guaranteed it will be worth less than when you started. As far as I'm concerned, that's just a waste of money.

3. All things considered, under normal business conditions, leasing is generally the smart thing to do.
Wyler is the founder, president and CEO of Jeff Wyler Dealer Group, one of the Tristate's largest dealerships. Annual sales of 17 brands of domestic and imported cars exceed $550 million. Among numerous honors Wyler has earned is the College of Business Administration Award for Entrepreneurial Excellence, 2000. The UC grad was appointed by Gov. Bob Taft to serve as a member of the University of Cincinnati Board of Trustees in 2001.

LINK:
Go to the UC news bureau site for a profile of Wyler as a new member of the Board of Trustees.

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