Quote:
Originally Posted by Atamasco
One of our cars was totaled. We're early 80's. Which makes more sense financially, buying a used ('20-'22) mid-size hybrid SUV, or leasing a mid-size hybrid SUV ? I believe it's not possible to rent a used SUV - is it?
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Financially, if you want/need a second car, you would save considerable money by buying an older "clunker". Presumably you already own a nice dependable newer car that you can count on for road trips or important trips around town. A second car would then be used for the less important local "convenience" trips. A relatively high mileage clunker would serve that purpose quite well.
Additionally, you wouldn't have to pay nearly as much for insurance on the second car and depreciation would not be a concern either since it's already depreciated down to just "transportation" value.
Of course, if owning/driving a clunker would be unbearable for your image, then buy the newer used car that you like. After all, you can't take your money with you when you "check out".