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Which is smarter you think?
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<blockquote data-quote="hearts and roses" data-source="post: 209533" data-attributes="member: 2211"><p><span style="font-family: 'Century Gothic'"><span style="font-size: 12px"><span style="color: darkslateblue">Just a random question (of course, you know there is more to it):</span></span></span></p><p> </p><p><span style="font-family: 'Century Gothic'"><span style="font-size: 12px"><span style="color: darkslateblue">1) Buy a 2004 Honda Accord (EX-all the bells and whistles) with 80,000 miles for $11,500 and pay an extra $1300 for an additional 3 year/36,000 mile warrantee on a 5 year loan at a rate of 6.7% with a monthly payment of $240.</span></span></span></p><p> </p><p><span style="font-family: 'Century Gothic'"><span style="font-size: 12px"><span style="color: darkslateblue">2) Lease a brand new 2009 Toyota Corolla - with a full warrantee - with 12,000 miles per year, $1000 down and monthly payments of $248/month for 3 years. </span></span></span></p><p> </p><p><span style="font-family: 'Century Gothic'"><span style="font-size: 12px"><span style="color: #483d8b">easy child needs a car. She can only afford a monthly payment of $250 or less per month. In 3 years she will be 24 years old and if things go in the direction we think they are, she and her boyfriend will either be married or getting married or she will be traveling in Europe alone. </span></span></span></p><p> </p><p><span style="font-family: 'Century Gothic'"><span style="font-size: 12px"><span style="color: #483d8b">At the end of the Toyota 3 year lease, she can either finance the same car to buy or get into something other lease. She will not go over the allowed mileage. </span></span></span></p><p> </p><p><span style="font-family: 'Century Gothic'"><span style="font-size: 12px"><span style="color: #483d8b">If she buys the Honda, after paying the loan for 5 years she will have a car that is nearly 10 years old and after 3 years her warrantee will completely run out. Which would you choose?</span></span></span></p></blockquote><p></p>
[QUOTE="hearts and roses, post: 209533, member: 2211"] [FONT=Century Gothic][SIZE=3][COLOR=darkslateblue]Just a random question (of course, you know there is more to it):[/COLOR][/SIZE][/FONT] [FONT=Century Gothic][SIZE=3][COLOR=darkslateblue][/COLOR][/SIZE][/FONT] [FONT=Century Gothic][SIZE=3][COLOR=darkslateblue]1) Buy a 2004 Honda Accord (EX-all the bells and whistles) with 80,000 miles for $11,500 and pay an extra $1300 for an additional 3 year/36,000 mile warrantee on a 5 year loan at a rate of 6.7% with a monthly payment of $240.[/COLOR][/SIZE][/FONT] [FONT=Century Gothic][SIZE=3][COLOR=darkslateblue][/COLOR][/SIZE][/FONT] [FONT=Century Gothic][SIZE=3][COLOR=darkslateblue]2) Lease a brand new 2009 Toyota Corolla - with a full warrantee - with 12,000 miles per year, $1000 down and monthly payments of $248/month for 3 years. [/COLOR][/SIZE][/FONT] [FONT=Century Gothic][SIZE=3][COLOR=#483d8b][/COLOR][/SIZE][/FONT] [FONT=Century Gothic][SIZE=3][COLOR=#483d8b]easy child needs a car. She can only afford a monthly payment of $250 or less per month. In 3 years she will be 24 years old and if things go in the direction we think they are, she and her boyfriend will either be married or getting married or she will be traveling in Europe alone. [/COLOR][/SIZE][/FONT] [FONT=Century Gothic][SIZE=3][COLOR=#483d8b][/COLOR][/SIZE][/FONT] [FONT=Century Gothic][SIZE=3][COLOR=#483d8b]At the end of the Toyota 3 year lease, she can either finance the same car to buy or get into something other lease. She will not go over the allowed mileage. [/COLOR][/SIZE][/FONT] [FONT=Century Gothic][SIZE=3][COLOR=#483d8b][/COLOR][/SIZE][/FONT] [FONT=Century Gothic][SIZE=3][COLOR=#483d8b]If she buys the Honda, after paying the loan for 5 years she will have a car that is nearly 10 years old and after 3 years her warrantee will completely run out. Which would you choose?[/COLOR][/SIZE][/FONT] [/QUOTE]
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