Doppel
Lifer
- Feb 5, 2011
- 13,306
- 3
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They may not be that much higher. I just moved out of a vehicle worth a few thousand into a brand new one and insurance hardly changed. I am older, but the magnifier should be the same.Leasing/buying a cheap new car has a major drawback: high insurance costs, especially for new/inexperienced drivers.
The lease will almost certainly cost more over three years but does carry a predictability, which is worth something.
And those touting a camry engine, great, there are a thousand parts in a car beyond the engine. It's one of the two key expenses if it breaks but maintenance on a vehicle of this vintage will not be otherwise $0.
In OP's price range he should not be buying any premier brand like saab or volvo. Get something that has easy to find parts, mechanics, a dime a dozen vehicle.
