Steve Williams writes for AutoWeek, Newsday and other media platforms covering cars and the automotive industry. In a recent interview he said that used cars in New Jersey are a better bet than new cars or leasing.

“Used cars have more attractive price points initially, of course, and this year a lot of cars are coming into dealers off lease, so larger inventories in used-car lots give dealers more incentive to move them out quickly,” he said in a Minyanville.com interview.

Williams also added that attractive financing options limit the appeal of leasing, since a low interest loan will provide the same affordable initial price to own, but also give buyers ownership of the vehicle rather than having to give it back, according to the website.

New cars could receive another blow in appeal to consumers now that the government’s Cash for Clunkers program has ended and the $4,500 rebates are no longer available. Although some automakers are continuing to give discount, many promotion programs have lost about half of the savings they initially offered.