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Topicshould i buy or lease a car?
wolfy42
04/11/17 8:43:46 AM
#2:


Best bet is to get a used car that tends to run well for a long time. I'm a fan of toyota Avalons personally. They have good gas milage, a decent sized tank, run freaking forever, and are insanely cheap in general.

You can get them for around 3k-5k depending on the year/milage, and easily drive that car for another 100k miles most of the time. They are quite comfortable as well, and cheap to fix.

My 1999 toyota avalon has well over 200k miles (got it with 30k around 2001), and still runs just fine. I have replaced a belt and the latch on a door and that is it over the years (Besides normal maintanance).

I still actually prefer driving it over my BMW.

The avalon has a blue book value of 1.5k (but generally you'd pay 2-3k if you bought one of that year/model).

I'd go for a bit newer version though with less milage (hopefully around 100k), since that'll last you a very long time, and won't be that much more cost wise.

Far better then buying a new car, or leasing in my opinion, especially since it'll keep it's value this way. If you buy a used car over 10 years old, it won't depreciate in value much if you sell it again in the future. Buy a 2005 Toyota Avalon for 5k today, and in 5 years you could probably sell it for 4k, and get another newer one again.

Best way to do it in my opinion, always having cars that are not going to need any work done (or very little), with almost no actual cost (1k every 5 years, is 200$ a year lol).
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