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Cars and Transportation
Reply to "Strategy for purchasing new car at the end of the year.... replacing 12 year old car"
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[quote=Anonymous]The good news is that you keep a car for a long time. Given that I'd recommend you buy a nice car coming off a three year lease that has less than 25,000 miles on it. Make sure its certified pre-owned by the dealer as that will usually lead to a warranty extension and a car that is in good shape. Last February I bought a Mercedes E 350 sedan with 19,000 miles from an MB dealership for about $35,000. Sold new it was about $55-60,000 and it was in excellent condition and should last for years. Much of a cars depreciation takes place in the first few years so let someone else pay for it.[/quote]
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