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Smart Shopper Please help me decide between...
562 messages, Last post on Sep 17, 2009 at 6:31 AM
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Replying to: boxycass (Feb 26, 2008 7:36 pm) |
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Replying to: wsuguy (Oct 28, 2003 9:57 am) |
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Our 2005 VW Passat 4motion wagon lease will expire in July. I have few options that I am entertaining. Please help. FYI: I am generally not a big fan of used car unless they are super reliable. I am looking at a 3-year outlook. 1) Use 15k to buyout the current VW. The trade-in value for a similar car is not much different from the buyout value so I am not gaining much from this transaction. I will own this vehicle with no more payments but I will own an older car (6 year old in 2011) with possible maintenance hassles. 2) Lease a new car. Say $3k for a down payment and invest the rest. I will have monthly payments andI will not own the car in 2011. 3) Buy a new car. Use 15k for a down payment and finance the rest. I will have a higher mothly payment than what I am used to but I'd rather keep my monthly payments at a similar range ($400). 4) Buy a reliable used car. I personally think I can purchase a more reliable used car than VW. Say toyota or honda. 2007 Lexus Rx goes for $36k so I can use 15k for down paymt and finance the rest. My monthly payment will be similar to the current amount.
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Replying to: ken1496 (Apr 02, 2008 4:07 pm) It would help to know what you want in a vehicle. A Camry and RX are quite far apart on the spectrum. Anyway, since you seem to be adverse to owning a 6-year-old vehicle, it seems to me that leasing is really your cup of tea, so that's where I would focus my attention. |
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Replying to: ken1496 (Apr 02, 2008 4:07 pm) 1) You'd have no monthly payments; 2) You'd be "buying" the car for cheaper than you could buy one on the open market: 3) You'd be "buying" one whose use, service, and maintenance history is known; and 4) You're already through the big depreciation hit. However, it sounds as though you want something new. The deals on '08 Pilots give them tremendous bang for the buck.
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Replying to: cccompson (Apr 03, 2008 1:12 pm) 6) less registration 7) better credit 8) not having to pay sales tax.
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Replying to: plekto (Apr 03, 2008 2:45 pm)
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Replying to: ken1496 (Apr 03, 2008 3:29 pm) Buy 08 Acura TL. You can get the base model at invoice or below of $31706 and it comes with .9% APR, or, you can squeeze the dealer for the $2500 marketing support and finance it yourself. In addition, you can get factory warranty for 8 years 120K miles for about $1300 (unless you live in FL). The warranty will help you keep this car for 8 years, and then you will be able to sell it for 6-8k. However, to make financial sense, you have to keep this car for 8 years. |
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Truth be told, I am not much of a car guy. So, I am approaching some car mavens asking for some help to narrow my search. I have two issues that loom larger than all others: 1) Driving in ice and snow. I want to get a vehicle that can resist skids even on steep slopes and in bad conditions. 2) I like to be able to SEE. Blind spots are my enemy. Those are the top priorities. Of course, other issues matter. I can't drive a stick shift. I will be doing all of the driving and will seldom have passengers, so I don't need anything big but don't rule it out either if it is the best way to get the top priorities. I want to buy it new. I am willing to think about going over $30K but if I can get what I am looking for for less, that is all to the good. Ideas? And thank you. Adam
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Replying to: aredfield (Apr 28, 2008 5:21 am) I think all Volvos have blind spot warning systems as an option now and you can get the S40 with awd too. |
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