dug01

Help--2003 AR, 51,500 miles near excellent condition--no mechanical or elec problems--6 month old tires. Lease is over March 4th--$21,352 to buy. Edmunds says trade in $23k retail $28k--I would like to keep it another year --what do you guys think it will be worth in another year as a trade?? If I turn it in I will replace it with a Murano.($34k list) I got some prices for ext warrenty from the dealer-I think if I keep it I will buy the warranty. I really like the car buy worry about problems--
What would you do?

Misplacedyankee

Your lease value is about its true trade-in value +/- 500. Your already over 50K which is where the value (due to warranty expiration) greatly declines. Its been good to you so I would actually not get an aftermarket warranty, but take the money for the cost of the warranty and the differential in extra payment you would make for the Nissan and set it aside for a repair slush fund. A year from now the car might be worth $3-4K less, about average depreciation - that equals about a $333 a month - not a bad ride for $333 a month - like I said take the difference of this from the murano payment and set that into your repair fund. If you don't need any major repairs you will have some nice cash in a year. Thats what I would do.

robbie22

Talk to your Dealer about getting it CPO'd, which will cost you $400-500 bucks, and then you'll have it in warrenty for 3 more years and up to 100,000 miles. You may be buying a used car, but you know the original owner real well.

allroad'Ed now

if that's what you want.

A4toAR

I bought our A4 after the lease ended and regreted it quickly. Not because the car had problems, quite the opposite. I was just too busy to deal with looking for another car at that time and buying it was the easiet thing to do. Selling a car is a hassle and that's what you would end up doing (unless you trade it in and take the hit).

If you want another car in 6-12 months, I would not buy the AR. If you can extend the lease, great. If not, I'd just turn it in and go find what you want.

My advice is strictly a result of my time vs money theory. I don't like to spend time buying, selling cars. I make more money spending that time at work or want to spend that time on hobbies, family, etc.

jeanfor

I favor keeping a car as long as it runs well. When the cost of maintenance becomes near the cost of investing into a new car then it is time to change otherwise keep the nice ride and save $.....

SKIroad'r

The Murano has no room and is ugly.

schnellmb

dunno how well the ARs are holding, but them seem to be dipping...not as badly as C5 A6s.

ar-Rings

A Murano, don't think I'd dump it for that. But thats me ;^)

utallroad

Keep it