lease new or buy used?

Asked by dhoffman Mar 11, 2007 at 05:22 PM about the 2004 Honda Civic

Question type: Shopping & Pricing

I'm having trouble figuring out if I should purchase a used 2004 civic ex, <30,000, for $15,000, or if instead I should lease a car (though I don't like the new civic, so it would have to be something else). I don't drive much and don't really want to deal with maintenance, so on the surface leasing seems like the better deal, but I've always owned my cars in the past. I feel like there's something to be said for car ownership, but maybe that's just being old-fashioned. I want to try to do what's most economical; is the bottom line that it's about the same either way? Thanks.

1 Answer

I would say buy used. I agree that buying is better. I can't help but feel that leasing is spending $10,000 in payments and then having nothing to show for it after 3 years. I would buy the 04. As far as maintenance you shouldn't have any problems with the 04. They are very reliable cars and extremely cheap to fix.

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