I've owned my home for about a year now, and with the rates dropping, my folks and I (They co-signed and helped big time with the down payment, because California) are most likely going to re-finance the loan that we have (no more than $300K). At the same time, I've been in my Corolla XRS for 11 years and its time to get something new, and IMO, something more enthusiastic than a silver appliance. I might consider leasing as well, since I can write it off as part of my job, but I do drive a lot more now. Was considering used too, but I'm very particular in what I'm wanting. TIA.