Forced into the car market: Lease or Buy?
March 23, 2009 6:00 PM Subscribe
We just lost our car in a garage fire, should we now lease or buy? We live in a condo, and a bunch of us homeowners lost our cars (and other belongings) in a garage fire. My wife and I want to know the hive-mind's opinion on whether we should lease or buy now that we're forced into the market for a new car. Some information: we're "tree-huggers" so we appreciate good gas mileage (and we're enamored with the upcoming 3rd gen Honda Insight). But we also drive the cars a ton, we drive everywhere. We live in Indianapolis, but our parents and families are on the east coast, so we drive to NYC and the D.C. area multiple times a year; not to mention the Chicago area, too. So that would also be a consideration whether we lease or buy... Thanks for anyone's opinion.