Reply to Is it worth it to buy out a lease?

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[quote=Anonymous]I am at the end of my car's lease (I know, I know, terrible idea). And starting to think about what to do for a car when the lease is up.

Is it ever worth it to buy out the lease? Has anyone done that and felt it was a good idea?

On the one hand, you know everything there is to know about the car. And in my case, my commute is not that long so I only have 20,000 miles on the car after having it for 3 years. Plus, I really like the car.

On the flip side, I once tried to buy out a car I leased and the monthly payment ended up being more than I was paying monthly on the lease - so higher payments and several more years of paying on it.

In a totally different direction - I'm also thinking about just buying a car thats a couple years old, paying that off and then not having a payment for a while. However, when I've tried to do this in the past, the car ends up starting to have real problems just about at the time I'm finishing paying for it. It's really frustrating!

If you were going to buy a non-new car and want to enjoy driving it for a long while, what kind of car/suv would you get?[/quote]

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