Anyone who doesn't go off-road or tow much but does carry a lot or people or stuff should remember that minivans still exist. This oft-overlooked segment of the market is ideal for larger families and there's a range of front- and all-wheel-drive minivan options that can seat up to eight people in car-like comfort.
versus filling up. The popular all-electric vehicles are now averaging $65,000 on the used marketplace, coming close to their cost when new. "Paying cash is usually your best option because it limits how much you have to pour into a depreciating asset," said Greg McBride, the chief financial analyst at consumer finance site Bankrate.com."But don't deplete your emergency fund just to buy the car."With leasing, consumers generally make lower monthly payments, but don't own the vehicle at the end of the term – typically three years – unless they pony up a big lump-sum payment.
Loans usually end up costing less than leases, especially for consumers who hold onto vehicles for years. Since they own the vehicle once the loan is paid off, consumers don't need to worry about mileage or wear, and there's no penalty for early termination."We recommend loans to most shoppers, and putting down at least 20% to keep monthly payments reasonable and avoid GAP insurance," said Montoya.