tomorrow's agenda: looking for a certified/pre-owned lexus; pros/cons please *with poll*

[MisfitsFiend]

Tomorrow my husband and I are going to look at a new car...Any pros/cons/tips at looking at a 2002-2004 certified pre-owned Lexus RX 330. Also, leasing over buying a new car. Any input as always is much appreciated!!

My husband is interested in leasing or a cert pre owned...I figure why not spend the extra $5,000. on a new one for better resale in the future (unless we get a good deal on a 2003 or 2004)...what is your experience?

 

[CrackRabbit]

Not to be rude, but leasing is for suckers.

 

[MisfitsFiend]

Not to be rude, but leasing is for suckers.

Really? even if you have the option to buy at the end?

 

[Red]

Originally posted by: MisfitsFiend

Not to be rude, but leasing is for suckers.

Really? even if you have the option to buy at the end?

Yes, it's a huge waste especially when you buy! It's like paying for two cars but only getting one.

Here is the deal:

If you have the $$$ and the lease payment isn't a big deal in your finances (IE, you have a lot in savings, you don't have credit card debt, you makes tons and tons of money, etc) leasing is fine.

But buying a car is a better financial decision.

 

[CrackRabbit]

Originally posted by: MisfitsFiend

Not to be rude, but leasing is for suckers.

Really? even if you have the option to buy at the end?

you almost always have the option to buy the car at the end, but unless you just happen to have 5-10k just laying around to pay the vehicle off it doesnt make any sense.

 

[MisfitsFiend]

so leasing isn't so great....

 

[nageov3t]

just out of curiosity, what's the big problem with leasing a car?

 

[nakedfrog]

Originally posted by: loki8481
just out of curiosity, what's the big problem with leasing a car?

Having a car payment for 2-3 years and then nothing to show for it, unless you make the balloon payment at the end that's generally much too high?

 

[jammur21]

Look to buy a used, certified RX. The owners before you took the depreciation hit, and the car is yours in a few years.

 

[MisfitsFiend]

Look to buy a used, certified RX. The owners before you took the depreciation hit, and the car is yours in a few years.

That is what we are thinking of doing. We are going to look at 2002-2004 models...just want to find out more about the CPO warranty.