With used-vehicle prices at a 16-year high, buying used may cost you more than leasing new.
BUYING USED: A 2008 four-cylinder Accord LX sedan in good condition with about 45,000 miles on it would sell at a dealer for $16,175. With no down payment and a loan at 5 percent interest, it would cost $373 a month to pay off the Accord in four years.
LEASING NEW: Honda is offering a three-year lease on a new 2011 Accord for $250 a month. The company will make the first payment, but you have to pay about $600 up front and 15 cents for each mile driven over 12,000 per year.