Better to lease a new car or buy a good used one?

Question:
Not sure if I should purchase a 4 year old mini-van or lease a brand new one. Isn't an auto a depreciating asset? So why buy new or lease?

Answers:

Where can I find comparison rates of sales taxes to buy a new car?

leasing is a great way if you want a new car every 2 or 3 years. yes cars depreciate and a new vehicle is going to depreciate the quickest the first 3 years, after that they tend to level out somewhat. the question you need to ask yourself is are you going to want a new car every couple of years or are you going to keep it 5 or 6+ years. as far as new vs. used. used is better if you dont mind a car that might not have warranty on it and will need repairs sooner than a new one. yet a new one is going to be more expensive and you will have depreciation. you just have to measure each option and see what one best fits your needs and wants.

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