Tips on Buying Cars: Can I get rid of my car?, mileage charges, pre owned vehicles

Question
Answer -
I agree with your brother, but it is going to cost you in the long run.  You might find some dealer to put you in another lease, BUT, they will add in the difference between your agreement owed or if you stay until the end they will add the mileage charges.  They will also add whatever charges they decide you owe over normal wear and tear.  Probably the best option for you is to find a vehicle that has a huge rebate and finance it.  You will still be upside down, but there will be no additional charges when you get to the end.  This is why I almost always advise folks not to lease.  Best of luck. Bud

Mr. Ford,

One option I am seriously considering is to buy a pre-driven car, maybe 2002 or 2003. That way I can still get into a good car for less money. My brother also suggested the rebate idea.

What do you think about going the pre-driven route?

Thanks.
Mike

Answer
Hi Mike, not a simple answer as pre-owned vehicles range from Cream-Puffs to absolutely terrible.  If you buy/lease one from a dealer most have a program called Certified which means that they are carefully checked, have an extended warranty from the manufacturer(This is important) but normally cost several hundred dollars more.  If you are buying from an independent dealer or an individual you should get them carefully checked from a qualified mechanic. This will also cost you some fees but it is critical in my opinion.  Best of luck, Bud