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    steve cooper's Avatar
    steve cooper Posts: 6, Reputation: 1
    New Member
    		  
    #1

    Oct 13, 2006, 11:54 AM
    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.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Oct 13, 2006, 01:16 PM
    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.
    Northwind_Dagas's Avatar
    Northwind_Dagas Posts: 348, Reputation: 83
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    #3

    Oct 13, 2006, 01:38 PM
    Here's a good article to help you decide: http://www.leaseguide.com/lease03.htm
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #4

    Oct 13, 2006, 02:51 PM
    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 a lot more money over the long run. ( personal opinon)
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