Overhaulin'

What is better to buy car or lease car?

I am leasing the car and now lease is ending and I am curious what it is better to do for me now. I do not drive a lot. My leased car has 22,000 miles for 2,5 years. I do not drive too much, my job is in 15 minutes from my home. Right now I have Honda Accord which will be probably worth about $12,000-$13,000 dollars. I know that I can buy a new car for about $16,000. Like Honda FIT or different type of the car. I can lease for $186 Honda Civic. I just do not know what it is better to do. Any advise?

Public Comments

1. Ummm if you're happy with your car, like the performance, the look, and it appeals to you and your not bored, then go ahead buy the car. If I was you, I would definitely be bored of a Honda accord (no navigation, etc.) and I would look forward to buying a new one. You're budget looks pretty good. You know that you can buy a 02-05 BMW 745LI (My best favourite car right now) for $15000-$25,000? They're cheap these days, and they fucking look awesome and best interior. You'll have a great time with it, some ones without much miles can even go up to $40,000. I would buy one for about 18000-20000. But, its your choice in the end. Not mine.
2. Your car, with that kind of mileage should net more. Try taking it to Carmax for an estimate. Then call your bank and ask what the buyout is. If the buyout is lower than the offer from Carmax, i suggest you sell it to Carmax and pocket the money. Right now leases aren't as good on the Civic and the Fit. I would probably recommend buying them instead.