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joedeshon
I have a 100-mile per day commute. Car-pooling and public transportation are not an option. If my primary concern is cost-savings in the long run (over style, comfort, etc.), what is the most economical car to own for such a purpose?
The drive is almost completely interstate highway driving. 70 mph all the way.
Answer
OK, well the good news is that the drive is mainly highway miles, which is better for you car, but your still going to get a lot of miles on the odometer, which rapidly decreases your value when you sell the car. You will also have to keep it more maintained, which can be a pain.
My recommendation, get a car, about 10 years or older, that isn't worth much, but is dependable, like a Nissan. Then you'll still have some good style and luxury, but you wont have to keep it as maintained, and you'll still save on gas and definitely on problems.
I drove 400 miles each way to Reading, Pennsylvania each week for a long time, because was self employed and had a lot of work out that way. Well, I ignored the services, but it soon caught up to me as my odometer went over 100,000 miles, in about two years, from about 40,000.The car just lost all its value. I had a lease on it, and when I gave it back it was only worth 5,000, but I owed 20,000. Now keep in mind, I drove an 05 Envoy. Well, I learned not to drive a new car like that again.
OK, well the good news is that the drive is mainly highway miles, which is better for you car, but your still going to get a lot of miles on the odometer, which rapidly decreases your value when you sell the car. You will also have to keep it more maintained, which can be a pain.
My recommendation, get a car, about 10 years or older, that isn't worth much, but is dependable, like a Nissan. Then you'll still have some good style and luxury, but you wont have to keep it as maintained, and you'll still save on gas and definitely on problems.
I drove 400 miles each way to Reading, Pennsylvania each week for a long time, because was self employed and had a lot of work out that way. Well, I ignored the services, but it soon caught up to me as my odometer went over 100,000 miles, in about two years, from about 40,000.The car just lost all its value. I had a lease on it, and when I gave it back it was only worth 5,000, but I owed 20,000. Now keep in mind, I drove an 05 Envoy. Well, I learned not to drive a new car like that again.
How do i get rid of a leased car?
Navid G
So my gf got hosed on a lease and has been making payments on it for the past year and half, she wants to get another car. anyone know the best way on trading a leased car that has accumulated a lot of debt?
Answer
one can terminate a lease at any time.. if it is worth what she owes against it.. then she should be able to just step out of it and walk away.. depending on what type of lease it is of course.. unfortunately if she bought it on a baloon note she may have a problem.. hopefully it is a chrysler red carpet lease.. if it is a gm lease.. you had better read the small print... also if she has more miles on it than the lease allows, she is in a mess with that too.. now can she get out of the lease? yes.. can she get another car? provided she is credit worthy yes.. the best bet? go to a ford dealer.. they have some huge incentives to use that can help her get right side up.. example.. if she is 5,000 up side down.. (thats owing more than it is worth) she can buy a ford fusion.. get a two thousand dollar discount from the dealer and 1500 from the factory.. thats 35 hundred to help her cover the 5 grand.. there are lots of ford incentives and chrysler incentives.. look in the news paper for the dealer ads.. they will reveal the incentives and discounts.. look for the cars and suvs with the biggest percent off the msrp.. then see what you can use to help over come the shortage.. if she is not upside down.. then thats even better because she can really and truely take advantage of the incentives and discounts.. good luck
one can terminate a lease at any time.. if it is worth what she owes against it.. then she should be able to just step out of it and walk away.. depending on what type of lease it is of course.. unfortunately if she bought it on a baloon note she may have a problem.. hopefully it is a chrysler red carpet lease.. if it is a gm lease.. you had better read the small print... also if she has more miles on it than the lease allows, she is in a mess with that too.. now can she get out of the lease? yes.. can she get another car? provided she is credit worthy yes.. the best bet? go to a ford dealer.. they have some huge incentives to use that can help her get right side up.. example.. if she is 5,000 up side down.. (thats owing more than it is worth) she can buy a ford fusion.. get a two thousand dollar discount from the dealer and 1500 from the factory.. thats 35 hundred to help her cover the 5 grand.. there are lots of ford incentives and chrysler incentives.. look in the news paper for the dealer ads.. they will reveal the incentives and discounts.. look for the cars and suvs with the biggest percent off the msrp.. then see what you can use to help over come the shortage.. if she is not upside down.. then thats even better because she can really and truely take advantage of the incentives and discounts.. good luck
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