What should I do about my car situation?

Question

My car is 12 years old and worth $4,000. The repair places say I've got a problem coming up and they 3,000 to fix it.

I'm upset because I don't want to buy a new car right now.

Don't want to buy a used car and deal with repairs.

Thinking of leasing a car.

What should I do?

Answer 1

You are better off purchasing a "new" (to you) car.... It is not wise to spend more money than what the car is worth....It does not have to be new. you can always get a pre-owned car, just dont buy it from the streets, you can go to your local dealership and purchase a pre-owned certified car, (and depending with what dealer you go to), the car would be cover under the certified warranty for up to 8yrs and 100k miles.....so if something does go wrong, your cover....

Answer 2

Depending on what kind a car you have but most likely the best solution is to buy another car (used or new).

Leasing a car is an option many take but personally I still have to come across a great lease offer before I'd take that route.

Answer 3

if you can keep the miles under control then you should really lease a car.  Buying another used car will not solve your problem.  buying a new car is not good, because the service from the car dealers are awful and they won't fix your car and wait till the warranty is out, then you have to pay to fix the car plus your car payment.

lease a new car and give it back to the suckers after 3 years.  You can even lease for two years.  I'd do that.

Answer 4

not enough detaols, what is the make and model of the car?  how many miles?

leasing means a lower payment, maybe.  manufacturers are no longer leasing, that means the independent leasor's will fill the gap but at a price.  at the end, you own nothing.

does your yearly millrage meet the leasing criteria?

i would look at fixing the current car, based upon the make and model.

have you owned it since new?  taken care of it?

Answer 5

buy another used car

forget about leasing

Answer 6

This is always a tough decision to make. If you absolutely knew that spending the $3000 on your current car would keep it running for several more years, it would be a good investment. However, it's impossible to know for sure. Here is an article that might help with making the decision:

http://www.firstcarguide.com/choose/fix-...

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