Quote:
Originally Posted by P.C.
Put $2k down and lease a Honda Civic sedan for $159 a month for the next three years. You will have a new-car warranty to cover your backside in the event of a problem. The alternative is to buy something with your $5 - $10 k that won't be too new, will probably need immediate work, and can expose you to potentially expensive repairs in the event of a breakdown, plus you have to deal with vehicle downtime.
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Mileage restrictions. Lack of flexibility since getting out of a lease isn't easy. Requirement to carry full insurance.
Though there's something to be said for buying a USED Civic (people needing to sell due to exigent circumstances are best -- look for the old who are moving to FL in a week, the unemployed, etc, since they're most negotiable), driving the piss out of it for a year, and selling at the same price or more than you bought it for.
Plus, speaking for myself, I'm quite flexible as to when and how long I work. I'd rather be saving money working on the car myself than contributing to the economy and then paying for a lease or mechanic... Consider it my small bit of pushback against the infamous American work ethic.