which is the way to go if i want to use a car for 2-2 1/2 years?

[kalster]

lease?
buy a good used (maybe certified pre owned)


buying a new one seems to be out of question since cars loose their most value in the first couple of years


my budget is upto 20k

 

[funboy6942]

Buy a good used. Why lease and throw your money away? If you buy used, use it for the 3 years then sell it and recover atleast some if not all (if your good at haggling) of your money back.

 

[gar3555]

you have to find the right deal if you lease...my buddy, who works for a huge Chrysler dealership in Omaha, NE told me this...he tried to explain it, but I didn't care enough to listen...

 

[Sphexi]

I was in this situation, I won't do much (if any) travelling, only back and forth to work. I picked up a '91 Camry for about a grand after taxes and registration and all that. Fair amount of miles on it, but very well cared for, and I know it'll last me for what I need it, and maybe I could sell it for a few hundred bucks after.

 

[sniperruff]

try to find a demo/off-lease. drive it then sell it without losing too much. or you can just buy a beater and dispose of it when it dies.

 

[RU482]

Originally posted by: funboy42
Buy a good used. Why lease and throw your money away? If you buy used, use it for the 3 years then sell it and recover atleast some if not all (if your good at haggling) of your money back.

how the hell do you recover three years of depreciation?

I say lease

 

[FrustratedUser]

Originally posted by: redly1

Originally posted by: funboy42
Buy a good used. Why lease and throw your money away? If you buy used, use it for the 3 years then sell it and recover atleast some if not all (if your good at haggling) of your money back.

how the hell do you recover three years of depreciation?

I say lease

Type-R stickers
Big rear wing
Fart pipe
Blue LEDs everywhere.

 

[Subbaculcha]

Buy a used classic. Keep it up and you won't lose a dime.

 

[kalster]

up for more opinions

 

[MercenaryForHire]

Originally posted by: FrustratedUser

Originally posted by: redly1

Originally posted by: funboy42
Buy a good used. Why lease and throw your money away? If you buy used, use it for the 3 years then sell it and recover atleast some if not all (if your good at haggling) of your money back.

how the hell do you recover three years of depreciation?

I say lease

Type-R stickers
Big rear wing
Fart pipe
Blue LEDs everywhere.

Dunt be fo'gettin dat Bling Bling!

- M4H

 

[Pacfanweb]

Depends on what you want to drive.

If you want something in a late-model, then leasing is the only way to go. Buying even a 2-3 year old car will mean you're upside-down in 2 years. Depreciation is still rolling at that age.
But leasing takes this away, if you want/need something fairly new, AND>>this is important.....you aren't driving over 15k per year. Otherwise, the mileage penalty is stiff.

If you don't care how new the car is, get a 5 year old Accord or Camry and you won't lose a dime.

 

[ElFenix]

Originally posted by: redly1

how the hell do you recover three years of depreciation?

I say lease

i really don't see how your second sentence could possibly follow from the first.



anyway, a lease is out of the question for you for the same reason a buy is, cars lose most of their value in the first couple of years. all you really pay for with either a lease or a buy is depreciation on a car. because when you buy a car, you can sell it after you're done with it, whereas a lease you turn it back in when you're done with it. if you're concerned with losing value, then a lease is no better (and probably worse, because you generally don't get the same financing options) than a buy.


what you want is a 2 to 3 year old used car. over the next 3 years it will be about as reliable as it was in the first few years, but won't lose anywhere near the absolute value.

 

[MovingTarget]

I'd go with an older used car..something you know you can do some work on it should it be required. Invest the rest of what you have to spend or use it elsewhere.

 

[funboy6942]

Originally posted by: MovingTarget
I'd go with an older used car..something you know you can do some work on it should it be required. Invest the rest of what you have to spend or use it elsewhere.

Exactly what I was trying to say other people didnt get. You buy a cheap dependable car that has already depreciated, lasts 2-3 years. And chances are if you kept the up keep on it you can sell it for what you bought it for, if not damn close and your really out nothing at all I have never bought a car that wasnt worth more then I paid for it. Case in point my last was a 91 Lincoln LSC tripple black. Paid $500 drove it and sold it for $1500. Whos the dummy there, not me

 

[TwoBills]

Originally posted by: Subbaculcha
Buy a used classic. Keep it up and you won't lose a dime.

:thumbsup:

 

[imported_LoKe]

Buy a piece of sh*t Tempo/Topaz. It *should* last you a couple years, then you can sell it as a demolition derby car.

 

[Tylanner]

Whats stopping you from making your own?