LogFAQs > #923673446

If you go back in time a bit...you can use a toyota avalon as a great example.

A 2015 toyota avalon sold initially for 32k or so, and is currently being sold for 20-25k (depending on condition, miles etc).

So if you bought a brand new 2015 toyota avalon, drove it for 4 years till now, and sold it, you would lose about 7-12k total, less then leasing even with the 3 year/2 year setup above, and significantly less then just a straight up 2 year lease. That isn't exactly fair though as your getting a new car every 2 years, but the cost to lease the same car for 4 years would still be about 2x the cost to buy the car,and then sell it after 4 years.

Therefore in my opinion, buying used > buying new > Leasing....finacially at least (and as long as you can actually get a car loan or afford to buy a car yourself.

Can't afford to buy the car straight up? Lease can work...but I'd still say your waaay better off buying a good used car (have a mechanic expect it before purchasing, run it's vin for accident reports etc).

That 2015 20k toyota avalon? It will probably drop about 5-8k total over the NEXT 5 years, so if you bought it......you could drive a very nice, comfortable fairly new car for 5 years and end up paying only a bit over 1k per year to do so.....waaaay better option (New or lease would cost significantly more).
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