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[quote=Anonymous]I am soon to be separated from my husband. We will be selling our one car and each buying our own vehicles. It's not an option to keep the current car - it has high payments and neither of us want to keep paying on it for the next three years. I have about $5,000 that I could put towards a car. I was originally planning on looking for the most reliable car that I could just pay cash for, but have been seeing some lease deals that are incredibly affordable (Honda Civic for $2,000 down, $159/month). On one hand, I could avoid having a car payment, but even with a somewhat reliable used car, I'd probably still be putting about $100/month aside for unexpected repairs and maintenance. On the other hand, I could have a car pretty much guaranteed to give me zero problems for three years, and could use the extra $3,000 to put in savings. I have two young children, so having a reliable car is pretty important. The mileage restrictions on a lease are not a problem - we've averaged 10,000 miles/year on our current car due to short commutes and working half-time from home. I have a fairly decent amount of savings (could scrap by for three months), and only debt is $120/month of school loan at less than 2% interest that I am not aggressively paying down.[/quote]
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