rsxmanjoe

So Im in the market for a new ride - Ive looked into both options but really dont know the right one for me. I have enough cash to buy the car outright so no need for financing, but I also don't want a car for 10 years. Is buying better for me since I have the cash and wouldn't be paying interest on a loan as the car depreciates?

pappy.72

Buy used and get more for your money.

JLC629

Hard to say for sure based on what you said. If you pay cash though, you don't have to keep it for ten years, trade it the next day if you like.

runutzzzzz

If you have the cash then pay cash. Unless you can get a 4% loan or better then you can just invest that money.

Leasing used to be a great option when the money factor was low but now a days no one wants to lease so most rates are high!

ROBMERRILL

Buy a 1 or 2 year old car with less then 20K miles and you could be paying less the 30% off the original price of the car, depending what car?

IMXCITD