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[quote=Anonymous][quote=Anonymous]Consider buying a car coming off a three year lease with fewer than 25,000 miles. Make sure its certified pre-owned. You will get it for about 60% of the original price. Over the past year I bought two cars this way and they were as good as new. [/quote]

CPOs are marked over blue book, plus a $550 doc fee. They usually come with a short warranty, but you'll never use it. Better off saving the $550 doc fee, mark-up, choosing a car wisely using social media, craigslist, auto trader, take it to a mechanic (even a dealer will look it over for $150) and buy without the warranty. If the car has a solid service history and the inspection checks out, you're saving thousands. If you don't have time to do your own search and work, then CPO is the way to go, but I would STILL take it to my own mechanic for the $100 once-over. I wouldn't trust a dealer's 120 point inspection for shit. You need an independent evaluation (dealers will allow you to take the car to get it inspected). Make sure that CPO has a solid service history (ask the dealer to email you the service history on it before you even walk in the door to see the car -- minimizing wasting your time with dealers (who're crooked AF) by getting all documentation up front. On their website they'll have the Carfax report, and sometimes the service history, so look carefully).

I still vote DIY. It's not that much work and worth savings thousands of dollars. I saved 6K by finding my car on craigslist, negotiating under blue book because the oldsters were retiring and moving out of the country and wanted to sell quickly, I had cash, knew the steps to quickly get the sale finalized, and offered to drive them to the airport the following week instead of them taking an Uber. People want to work with nice, straight-forward people. Tons of transient people in DC area selling their cars. [/quote]

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