I love my car;, but I don't drive it that much: only 22,000 miles in 4 years. It is in great shape. I think the book value is $15,000. It cost me $276 a month w/$1,000 down to lease. Should I turn it in or buy it? One dealer I talked to said if things go wrong it will be expensive to fix. In 3 to 4 years it will be the same as if I leased a new one and then the car will be 8 years old, w/ 44,000 miles: Will there be that many repairs, probably between now and then, and after that? Expert car owners only please reply.
2006-12-10 23:56:27 · 2 answers · asked by E L 2 in Cars & Transportation ➔ Buying & Selling
A well maintained Volvo should be relatively trouble free. Problems do occur sometimes and could be expensive to fix.
You can buy aftermarket warranties for your car for under $2000.
Leasing does allow you to have a newer car a factory warranty.
If you can afford it continue to lease.
It is a good price on the car.
-------------Average Trade-In ---------Average Retail
Base Price---- $11,625----------------- $13,925
Low mileage+ $1,375 --------------------$1,375
TOTAL PRICE $13,000---------------- $15,300*
2006-12-11 00:10:33 · answer #1 · answered by R1volta 6 · 1⤊ 0⤋
Based on what you have stated I would go ahead and buy it. Ask the selling dealer what it would cost for them to certify it. Generally 1000.00 or so. You then have 12,000 plus taxes to finance, with 0 down at 60 months that should be about 260-280 per month depending on your credit.
Now, if they wont certify it get a manufactures extended warranty. They may offer you an aftermarket warranty, you should decline. The repair approval is much easier with the OEM warranty.
Good Luck.
2006-12-11 09:29:50 · answer #2 · answered by ? 2 · 1⤊ 0⤋