Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Ive read the Lease Guide and decided that leasing in not for me, but buying a new car is too expensive? How about buying a used car?

April 26, 2017buying car car dealer car dealership decided expensive guide lease leasing new cars read Used

0

Posted

Ive read the Lease Guide and decided that leasing in not for me, but buying a new car is too expensive? How about buying a used car?

1 Answer

0

Posted

A. This could be the right answer for people who don’t qualify for leasing. You can possibly get similar loan payments on a good late model used car. Just be aware that you have higher risks of up front problems (always have a mechanic check a car over before you buy), higher maintenance costs (due to having no warranty, or having to purchase an extended warranty), and higher loan interest rates. Make sure you get the VIN number off the vehicle before you buy and check its history at CARFAX Vehicle History Reports. For more details, see our Used Car Advisor website.