Should I purchase or turn in my leased 2004 Honda Accord?
My lease is up on a 2004 Honda Accord LX and I have a couple of days to decide if I want to keep it, turn in to the dealer, or buy a brand new one. If I keep it, I would have to pay close to $10,000 for it. I have $3,500 for the down payment and the rest I will borrow at a very low interest rate which i plan to pay off in a year. The car is in good condition...it has 60,200 miles, it has been in 2 minor car accidents (someone hit me on the rear passenger door and the other was in the back) and I plan to use $500 for any repairs it might need...alignment, brakes, tune up. An inspector is supposed to come by and check it out and depending on what he finds I will try to decide if its worth keeping it.
I have also thought of just getting the money I have and buying a cash car...although I am not to thrilled w/ that idea.
OR Should I use that money as a down pymt for a brand new car? I really dont want to pay for another 4-5 years...I dont know what to do!!
Any suggestions?
do you like it?? do you like the new one?? i like the design of the 2004 accord i hate the new one, but at 60K miles i think i might just turn it in and get a new car, check out the VW's my sister just leased a 2008 jetta on sunday and that thing has POWER!
