2007-01-11 12:04:17 · 14 answers · asked by blondie34 1 in Cars & Transportation ➔ Buying & Selling
I am always a fan of buying. You at least own it. If you do not have a lot of money, see if you can get a loan for a longer time period.
2007-01-11 12:07:48 · answer #1 · answered by CK1 3 · 0⤊ 0⤋
Buy a vehicle that has just come off of lease.
Seriously.
If you get a lease vehicle, you've got a 2-year-old car with maybe 30,000 miles on it. That is virtually new! And, you pay maybe 60% of what a new one costs.
You can finance such a car for 5 years if you need to. And, you can buy an extended warranty (negotiate hard on this one, most dealers try for a 300% markup on it!) as well.
That's the best course.
If you buy new, you lose 25% of the value of the vehicle in the first 2 days.
If you lease, you risk costs due to over mileage, damage, etc
If you pay cash, that is always the best -- there is a reason why the best sales person in a dealership is the "F&I" person (Finance and Insurance). The dealership sells the car at cost, then makes their money making the loans and the extended warranty. If you pay cash, you'll see lots of disappointed people at the dealership.
2007-01-11 12:15:37 · answer #2 · answered by geek49203 6 · 0⤊ 0⤋
all options are for different people..........u can lease a car if u want to test it out or see how it runs without the long term commitment......then if u want the car then u can buy it then..........fiancing a car is for people like everyone in the world who cant by a car for cash..........its better to finance a new car because the interest rates arent terrible and u have a good investment that u will at the most be paying back in 6 years which isnt so bad......buying a car cash has it risks.........most cars u can by for cash are used and under 10k has something wrong with them so get the car checked out before you decide........give it a thorough examination both inside and outside........and try to talk to the seller.......ebay is a good option if u can find a car on ebay that is close to you.......but only purchase on ebay if u really want this car because it might be food a good deal but u dont really know what ur getting with just a few pictures and an explanation...........all in all i think u should finance a new car and if u have a car now u can get a trade in credit........depending on what u like u can get a good reliable car for around $12k.......namely a honda civic or a mazda 3.......these are all around good investments both in reliability and fuel economy........hope this helps
2007-01-11 12:12:51 · answer #3 · answered by leonbull0408 2 · 0⤊ 0⤋
I am a lease manager and financially it is almost always better to lease than buy. That is if you like to have a new car every two or three years. If you are planning to keep the car for a long time, only then should you buy. The best deals can be made on used cars with low miles, but don't be in a hurry to buy. You should wait for a local trade that was not driven too much.
2007-01-11 12:15:07 · answer #4 · answered by lincolnbuck 3 · 1⤊ 0⤋
despite what majority of the people are saying IT IS NOT BEST TO BUY A CAR - cash. for example I bought a 40 000 car and instead of paying cash a financed the whole thing for a 1.5% interest rate. so you can get your money and invest them make alot more at least 6-7% that's if you just give them to the bank, and make you payments!!! at the end instead of 40 000 the car will cost me alot less!!! i hope it helps
2007-01-11 12:16:24 · answer #5 · answered by Dexter 2 · 0⤊ 0⤋
the best thing to do is buy, but say you are paying with cash that way you can get them down lower, then when you get to the price you want then tell them you want to fiance. When you get to the fiance office and they tell you the interested rate, tell them you want to see the buy rate sheet, that way they can't hold interest points on you. That will save you about 1500-3000.
2007-01-11 13:27:05 · answer #6 · answered by Matt 1 · 0⤊ 0⤋
It is always best to pay cash for them, but if you have no choice then finance 2nd, then Lease 3rd
2007-01-11 12:09:07 · answer #7 · answered by soggybottomboy5005 2 · 0⤊ 1⤋
cash cash cash
a new car goes down between 15 and 30 % when you drive it home on day one... and a lease can be very expensive .. they hide the cost in milage limits and little scraches and stuff at the end of the lease
2007-01-11 12:10:11 · answer #8 · answered by Dan the car man 5 · 0⤊ 1⤋
cash is the best way to go but sometimes you may need to finance if you can afford it to, put money down
2007-01-11 12:21:34 · answer #9 · answered by sweet_n_sassy815 1 · 0⤊ 0⤋
Buy the vehicle in cash. So, save your $$$.
2007-01-11 12:12:26 · answer #10 · answered by Mrs Robinson 3 · 0⤊ 0⤋