Does it make more sense to buy a used car when you only drive 6-7K per year. I have been leasing and paying...

Question

$500 but feel I'm not getting money's worth. My thought was to buy a great two-3 year old car BMW or Infin. and spend low $20k be done with it. Any common sense here would be helpful

Answer 1

if you get bored with a car in three years you should keep leasing if you want to save money you should buy but remember you will be paying for 60-72 months- here's an example of used car purchase 2004 infiniti g-35x miles 30k price $25500 w/ no money down pay approx $500 x 60 mo--here's where you save money- at the end of payments your 8 yr old infiniti will have approx 70k miles & should still be $12000 trade in value which if you divide by 60 means you effectively only paid $300 p/mo--if you want to see this car go to www.stateautowholesalers.com
there are other factors that will effect your savings such as maintence & repairs after the car goes out of warranty which wouldn,t happen to you driving a lease car 7k miles a year but chances are very good that you would save lots of $$$

Answer 2

With the mileage you drive a used car would last for years. I think you would be better off and the car would be paid for long before it wore out. At that point you would be paying nothing and with the price of gasoline today, that would be a good thing.

Answer 3

Its better to buy used...leases were only created for people that couldn't buy because of credit problems...or for corporations to rite-off at the end of the year.

Enjoy your years driving a paid for car :)

Answer 4

if you have the money spend it before it spends you... what ever that means lol...
i say go for it