Is it better to rent or buy a car? Can you share as well some price estimates if I rent or buy? TIA!!! 😊

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Pre pandemic, you could buy a used car <10yrs old, <100k miles, clean title, 1 previous owner for less than $8k in LA. God knows what you'll find now. For super cheap, use Craigslist (yes, I know. It's still a thing). For less hassle, use Carmax. Do NOT buy anything built 2011-2012 even though you will see a price drop at 10yo. Several manufacturers experimented back then with in-house transmissions that were hot garbage (Ford, Hyundai, and others) before going back to tried and true outsourcing.

Or buy a bumper car (i.e. hyundai accent) for 15k ish.

Budget 1.5k for used car initial repairs/maintenance and $5-700/yr on average for 10k mi/yr driving. Get a costco card just for the gas. And, expect to pay $300/yr (bare minimum) insurance with a good record.

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Thanks for sharing! 😊

So many variables.

In MOST cases buying is better than renting/leasing. Sometimes there are crazy lease deals but more often than not the dealer wins.

If you are a high mileage driver (15k+ per year), buying new and keeping til 100k+ is your best bet generally.

Medium, buy lightly used or CPO.

Low mileage, just buy something higher mileage or that doesn’t depreciate much (eg japanese)

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Appreciate the input!!! 😊

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