We need a second car.....lease? (2011, Japanese, SUV, fuel)

[Mjeacoma]

We need a new 2nd car and need it somewhat cheap - what is a good car and deal for a lease these days? Thanks all!

[budsvtec]

Mark get a Hyundai or a Kia....10 year 100k warranty....

[Mjeacoma]

That was what I was thinking - we still have the 2003 Elantra at 70k miles - so far so good (knock on wood)

I have to send you an email - we are still searching for a house - but have a feeling this is the weekend! lol

[budsvtec]

My friend has an 02 elantra gt that he bought used in 04 and he loves it....We had a 2006 kia sportage and loved it....

[totallyfrazzled]

Unless you own a business and can write it off as an operating expense, IMHO there is absoutely no financial advantage to leasing. All car leases do is to make a ton of money for the leasing company.

Some very wise advice here from Suze Orman on this subject!

Buy vs Lease: Money Matters - Yahoo! Finance

[Jrprofess]

Originally Posted by Mjeacoma

We need a new 2nd car and need it somewhat cheap - what is a good car and deal for a lease these days? Thanks all!

With residual values on cars cratering because of the economy good leases (and many do not feel any lease is good) are harder to come by. Why not look into a pre-certified or used car given the price drops? Opinions vary on this but I have bought two pre-owned cars, both were japanese, and both were/are working out fine. Then you avoid paying for the huge price drop as a new car leaves the lot. Good luck to you.

[rocafeller05]

Why not buy AMERICAN?? Save a job!

[hotkarl]

I beg you...buy American. They are good cars.

[Mjeacoma]

Originally Posted by hotkarl

I beg you...buy American. They are good cars.

The only American car I like is the Dodge Magnum and at $24k to buy new, $400/Mo lease, $15k used and on top of it all it's a gas guzzler it just isn't practical. I have never owned an American car and the people I know who have regret it. So aside from saving jobs why should I buy an inferior product?

By the way - I know those people need Americans to buy American but the industry needs to realize that American cars aren't worth what they cost and I need affordable, reliable and efficient...

[hotkarl]

You are buying into the stigma-that American=Crap. This is false.
My Aunt and Uncle bought a brand new Toyota recently. It's been back to the dealer more times than it's been on the road. As a former mechanic, I can say with confidence that most, not all, but most models of American cars are just as good as foreign cars.
And as far as fuel economy, same thing, they are within a few mpg of their Asian competitors. Some actually beat the competition. We're talking cars here not suv's and V8 hot rods etc...A Magnum is considered a performance vehicle, even though it looks like a station wagon
Just do a little more research before you condemn American cars.