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Home > Money & Services > Other Money & Services   »   lease or buy a new car

 
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Old Oct 13, 2006, 11:54 AM
steve cooper
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lease or buy a new car

I am retired. I drive a 2000 Jaguar. In a couple of years I want to get a new jaguar.Would i be more prudent to lease a new Jaguar or buy one? I drive about 12,000miles a year. Thank you very much.

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Old Oct 13, 2006, 01:16 PM   #2  
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Depends on your needs and finances. leasing is a good deal for people who frequently turn over cars. Generally a purchase is better for people who hold their cars for 6 or more years.

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steve cooper agrees: He answered my question. Thank You
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Old Oct 13, 2006, 01:38 PM   #3  
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Here's a good article to help you decide: http://www.leaseguide.com/lease03.htm
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Old Oct 13, 2006, 02:51 PM   #4  
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I will add it is always better to buy a one year old car than a new one, with most you still have remainder of warranty and you don't lose such a large amount when you drive over the curb of the car lot.

Buying a one year old car, and keeping for two will save you alot more money over the long run. ( personal opinon)
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