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Cars and Transportation
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[quote=Anonymous]Our old car looks like it's going to give out soon enough; shop is calling for another expensive repair that we don't think is worth it, given what we spent on it (used). Neither my spouse nor I are into cars, nor do we use it that much, but we still need one nonetheless. What's considered the best way to finance a car? Always thought paying cash was the way to go - spouse bought the current car I think for just $5000, but this time I think we need to spend more than that to not get a total junker, especially now that we have a child. We only have about $40K in combined discretionary savings though (this is not talking 401k or college), and def do not want to spend a huge chunk of it on a car. Unless it's possible to get an OK car for $10K? Is it? Are auto loans vs leasing better? Thoughts? [/quote]
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