Ron Keliipio: I consistently purchase style new.. The couple situations i offered used I had substantial non-cease issues you by no skill understand with used vehicles and customarily dont get a guaranty so purchase new. Hybrids are truly low-priced now and that they supply tax incentives once you purchase them. inspect the Toyota hybrids, they're resonable stay faraway from Honda hybrids theyre nevertheless overestimated.
Marco Stolarz: Leasing is only good for people whoA. Can afford to get a new car every couple yearsB. Don't commute very far, or drive a lotC. Who plan to get a different car after the lease is up and not keep the one they leased.Leasing a car can end up costing you more in the long run than purchasing from the start. Definitely do not lease then purchase the same car. If you want to lease then purchase, go for a different car. Also, with a lease you have to be sure not to go over your miles because that will cost you more as well. You real! ly have to limit yourself a lot more with a lease.I leased my first brand new car, and it was a mistake. I had the car for 2 years, and then after that, you spend all that money and have nothing to show for it. My advice, if you are going to finance anyways, you might as well purchase. That way if you end up wanting a new car anyways, you can sell it or trade it in, and also you arent forced on a time limit to give it up because it belongs to you, not the dealership. You still have the option of replacing your car every couple of years if you want, but you arent restricted like you would be with a lease....Show more
Elli Esaw: It is all based on how many miles you do a year and if you plan to keep the car for the long term.
Joie Libutti: Leasing was originally designed for corporate America. It has now morphed into a method for dealers to move metal by making a continual payment for life part of everyone's budget.It doesn't have to be that way. I buy CPO cer! tified used cars paying a little more, but getting great finan! ce terms as low as 1.9% APR and payoff the loan in four years. This is perfect for someone who keeps cars for over 7-8 years like I do. Buying used cars, especially lease returns, is a great way to avoid losing the initial three years of depreciation.If you like a new car every three years and can afford and strongly desire to continually pay a lease payment, drive under 12k to 15k per year, and get GAP insurance, leasing may be the way to go.In either case, it is important to negotiate the sale price of the car even on a lease and get any dealer rebates. The first link gives a calculator to figure lease costs. The second gives information about cars including pricing....Show more
Serena Doak: If you drive over the annual miles allowed in the lease it can cost you big time - i don't know how many cents per mile they charge any more - say it's .20/mile and lease allows 10,000 miles a yr - 2 yr lease. If you drive 25,000 miles in those two years you will owe 5000 x .20 ! = $1000 just to give the car back to them, plus if car depreciates faster than they say up front and they usually do, you might owe money for that. Better to buy a used car with 50,000 miles on it or so, or buy a new car if you can afford the payments and keep it a longgg time...Show more
Eliseo Luma: I would advise against both methods.Save your money till you can afford to pay cash.I have friends who have never gotten out of the vicious cycle of buying a new car on credit only to have to sell that car a couple of years down the road and owe more on the car then it's worth.You have to pay someone to sell the car to.You're setting yourself up to be a slave to the credit machine.Save yourself the agony, and uncertainty and buy a good used car off http://www.AutoTrader.com Look for something 5 years or newer, pay cash, and tell the finance man to "take a long walk off a short plank"Terry S....Show more
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