You get further behind, while the bank comes out ahead. Here, less is certainly more. The lower the required payment, the greater the debt will be. It's better to buy a new car. I don't think so.
New cars come factory equipped with staggering depreciation.
Those low monthly car payments flashing across the screen are awfully seductive. But all too often, people sign on the dotted line without realizing the true cost. They don't negotiate the lease price, and they don't sit down to figure out the total cost of the car. And they seem to forget that after paying for the car's heaviest depreciation years, they'll have to give it back and start over again. Unfortunately, it's a little tougher these days to get great deals on used cars, since more folks are wising up to their value.