dcg
Became Capt. Napalm tocombat apartment robberies!
- Joined
- Oct 14, 2001
- Posts
- 601
- Likes
- 10
Well, the old '89 Mustang is finally just about dead, and I need reliable transportation to get to and from work. I started off looking at used cars, but I don't really have money for a down payment and I can lease the sentra for 3 years for about $300 a month (4.9% interest rate, 0 down). Or I can but for about $330 a month for 5 years, but I don't want to keep this car for more than 3 years, and while I would be a little ahead at the three year point if I chose to buy instead of lease, I'd prefer to just be able to hand it over and be done with it than have to look for a buyer and go through all of the hassle. At any rate, $300x36=$10,800, which is the range I was looking for a used car in, and I'd rather have a new car with a warranty. My concern is that since I don't have money for a down payment, if anything were to go really wrong with the used car I'd be out of luck. I know, if I got the used car I could get a warranty and I'd own it and therefore be able to sell it after three years, but I don't think I'd save all that much and would just rather be driving a new car than a used one. I do have a job and the payments shouldn't be a problem. So, I'm pretty much looking for people's opinions on both the car and also to some extent whether there are any compelling reasons why I should buy instead of lease.