Hopefully by november, i will be able to acquire a 2006/07 honda civic coupe. Haven't decided if I should take out a loan or lease for 2 or 3 years. I also plan on selling my '97 ford explorer sport. Does anyone think I could get a good deal on a trade in for that kind of model?
2006-08-31 12:37:52 · 7 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
I've been told it's best to lease if you will not keep the vehicle long and won't put more than 10,000 miles a year on. Otherwise if you are going to drive more and will want to own the vehicle for several years, you are better off purchasing.
2006-08-31 13:45:29 · answer #1 · answered by roshambo76 2 · 0⤊ 0⤋
due to demand for Explorers, your trade-in won't be worth much; you'll be much better selling it outright
as for the Honda, a 3 year lease through Honda credit would probably get you a good deal, although I'd wait until they put some sort of "deal" out there(likely to happen around Christmas)
2006-09-04 01:59:29 · answer #2 · answered by Dwight D J 5 · 0⤊ 0⤋
Never put your money in an item that loses value over time... lease is the way.... old fashion thinking is gone.. do a short term lease.. no more the 36 months, and only put down 1000 OUT OF YOUR POCKET AND TAKE THE HIGHER PAYMENT AND SOCK THE REST IN THE BANK
2006-08-31 22:09:42 · answer #3 · answered by Ron M 1 · 0⤊ 0⤋
Most agree that getting rich involves buying a car and keeping it for ten years. Sure that's great, and is the best bang for your buck, but i like to drive a car that is always under warranty, and is always new. So i choose leasing. Unless of course you do a lot of miles.
2006-08-31 19:46:43 · answer #4 · answered by jay 7 · 0⤊ 0⤋
It is better to lease than to purchase...2 good reasons...One, it shows up as a revolving credit on your credit report and builds your score...Two, you get to trade in your car every 3 years or so for a newer model!!! Awesome!
2006-08-31 19:43:51 · answer #5 · answered by Sarah C 1 · 1⤊ 0⤋
depends on the interest rate, how many miles you drive, leasing limits the miles you can drive the car before paying additional milleage so figure that out first.
any reputable dealer will show you both ways and then decide.
2006-08-31 19:45:07 · answer #6 · answered by cinderjo 3 · 1⤊ 0⤋
lease purchase if your not planning on driving alot of miles.
2006-08-31 21:16:24 · answer #7 · answered by 84_4X4 2 · 0⤊ 0⤋