For example, the CarTalk guys are "big proponents of late-model used cars," and Liz Pulliam Weston says "The average new car loses 12.2% of its value in the first year, according to Edmunds.com; on a $20,000 car, that's $2,440, or more than $200 a month.
While buying new cars is enticing, you should take a cold, hard look at how much you could save over time by buying used cars instead.. The average person owns 13 cars in a lifetime, each costing
Leasing Pros. Lower monthly payments. In general, lease agreements promote lower monthly payments. In addition, many car dealers will offer lease specials to help move new vehicles off their lots.; A lease allows you to pay only the difference between the car's current price and its expected future value—not the entire cost.
Shop new & used cars, research & compare models, find local dealers/sellers, calculate payments, value your car, sell/trade in your car & more at Cars.com.
Buying used vs leasing new. Since you cannot lease a used car, it's more difficult to compare leasing new vs buying used. That said, you could enter the lease payment of a new vehicle and the purchase price of a used one in this calculator.
Disadvantages of Used Car Leases. Most used car leases are more advantageous for the dealerships rather than the consumer. Because most people seeking a used car lease have fewer options, it can be easy to be taken advantage of in some situations. Some of the major disadvantages of leasing a used car are: Higher interest rates.