Shopping for a new car

[Tjodalv]

buying a car is for suckas...unless you collecting. Leasing is the smart thing to do. At least that's how I look at it. But I live in NYC and don't own a car, so what do I know?

Clearly not much on this topic. Lease payments are roughly 80% of purchase payments, you have a mileage cap after which you are charged extra, you pay for any damage upon return, then you end up owning nothing in the end anyways. At least if you buy you have several years of not having any vehicle payments once it's payed off and eventually get to trade in as a down on your next vehicle. Leasing makes no sense unless it's an expense covered by your employer.

 

[brett05]

There are some that will lose money thanks to the housing bubble burst, but that's the exception that kinda proves the rule that real estate is the best investment one can make.

Even the place we are in now, we dropped like 35-40% in two years and we are at this point down only 15% thanks to real estate really coming back.

 

[Iwritecode]

My current car I bought brand new but only because I wanted the odometer as close to 0 as possible. I put almost 100,000 miles on it the first 2 years I owned it just driving to/from work. Then I got a different job and reduced my commute significantly. Now I only have 3 payments left and haven't quite hit 150,000 miles.

Hopefully we can keep it for a few more years and take the amount we were putting towards car payments and pay down other debt.

 

[Monster]

My wife travels little.
Paid 28K for a TRD Tacoma for her in 2010.
Recently got 22.5K on trade.
She drove that for 7 years mostly under warranty for 5K....
Buy cars with good re-sale value.
So... she now has a 2016 4Runner Limited.

 

[Urblock]

Get the F150 super crew next time. Don't forget the coyote.