Leasing vs buying
 

So heres the deal. I have an 02 Ford Taurus, 78k miles, and the thing is going downhill very fast. The tranny is going out, weird shaking and pulsing. The back springs are broken (common Taurus problem). The back wheel wells are rusting out (common Taurus problem). The front suspension makes clunking sounds because they are made with cheap plastic parts (common Taurus problem :lol:). If the tranny really is going out, is it worth putting that much money back into a car thats only worth a couple grand? Is it worth getting all I can NOW out of it on a trade in?

Heres the other problem. In my current job I only make about $1100 a month. That might be changing very soon with the completion of my second degree, as I am applying for a real job. Do I get into a cheap lease right now? Do I buy hoping that I do get a better paying job? Do I run the current car into the ground as long as possible and hope I dont die in a giant fireball in the process???

What do you think???? :idk:

Either way, if you don't make the payment it'll screw up your credit score. I'd look for an old honda civic in the ads.

how long before the bump in pay? I am not a big fan of leasing, it may be better off holding out. I actualy thought the taurus took a better beating, a freind has an older one with well over 100k on the clock and not many issues.

Springs, broken? Wow......not exactly common.

Cheap quality, if so.

Leasing is good for less-popular, less "hip" models, or ones with a color/option choice nobody wants, because their resale value will usually drop lower than what the leasing company predicted. WIN for you.

But if it is a car you know is going to hold its resale, like an Acura or a Tacoma or something rare like a Hemi Challenger, you should always buy it.

Go buy a used rent-a-car. I'm sure it'll hold together. LOL

Fly here and I'll sell you a 2000 Pontiac Bonneville for $2000 Lots of maintenance and upgrades. Runs perfect.:rockwoot:

http://i289.photobucket.com/albums/l...f/DSCF1072.jpg

I'd say if you can find a cheap used car to pay cash for, go that route. Then you only have to have liability on it. If you lease, then you'll be required to show full coverage. Just another way to save a bit more money.

Porkchop - I'd drive you down to pick up AL's car.

It really is a decent car, I just don't need it anymore. Heck, I just installed a new radiator and hoses last summer.

Doesn't matter to me. I just want a reason to come to NC. I was down there in March last year and loved it!!!

Well to hell with him, why don't YOU come and visit...:rockwoot: