Used Cars: Buying a used Infinity I-35, kelly blue book, usedcarguide


Question
I was looking to buy a used (just off a one owner lease) 2004 Infinity I-35 with 42000 mi for $13-14k. All of the reviews say it is an outstanding car and will last a long time. Is this a good value? Also, I have about 8k to put down for a down payment (payment for previous car being totalled.) What's the best way to finance the rest of the cost?

Answer
Ryan,
Whether it is a good value will depend on the condition of the vehicle. Leased cars arent always well taken care of since the person driving doesn't actually own the car (nor have to pay for repairs). Get it checked out by a mechanic of your choice... with luxury cars - options like CD changers, heated seats, etc.. will substantially change the used value of the car.. so find out what all the car has, and plug it in to the kelly blue book, and NADA calculators... (kbb.com, nada.com) - If the car is in great shape, don't be afriad to pay closer to the higher end of the values... it could be worth it. As for financing, a bank or credit union will probably have the lowest rates, but the dealer may give you a nice price cut if you finance with them. Give this a read:

http://thestealership.com/financing.html

Also check out this:
http://thestealership.com/usedcarguide.html

I think you may find the articles will answer your questions and more.