eitherway you go your gonna lose money on cars. I just go for cheap new cars and finance. If you lease you will be stuck with payments forever and nothing at all in the end.


but tis not a bad deal, ya just ahve to figure in payments on your house or apartment and those bills too

My reccomendation is not to get too hung up on the monthly payment. If you are financing, make sure you are getting a decent rate. The salesman could just be telling $300/month but it's over 7 years at 21%. (I'm exaggerating of course but, you get the idea.) Also, even if you are getting a decent rate at the dealership check around at some banks and see if you can get a better rate. You might need your parents to co-sign since you are starting a new job and maybe haven't established credit yet but, whatever if it saves you some dough. Plus, if you go into the dealership with money from the bank, with intent to buy the car outright from the dealer, it gives you a little more bargaining power.

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get a bike, mmmmmmm pretty, just $5k, cheaper than a new car

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05 Cannondale R700 Triple

quote:

Originally posted by arturob leasing is good if you do not care about owning the car, or have the need/pleasure of changing cars every 3/4 years; without putting a lot of miles in the long run. i personally lease, and do less than 12,000/year (usual lease mileage agreement) at the moment i have a '05 nissan altima, but looking into changing to a 525ix. artur

i really think leasing is a waste of money. you turn in the car and in the end you dont even own it. it is good if you get a company car, b/c who cares then? and yeah you can change in a car every 3/4 years, but if you finance and you decide you want a new car after that time, then you can go and trade it in and that would count toward your new car. trade ins suck, i would just sell it on your own. but still, with leasing you pay fees and fees and in the end you turn in your car and you lease again and you pay more fees.....it is soo not worth it...

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Kraftwerk. Die Mensch Maschine.
John Donne "Valediction: Forbidding Mourning". Thy firmness makes my circle just, and makes me end where I begun.

I went to edmunds.com and did a calculator of 05 ex and monthly payments were at 300 so he knew before hand if I put 3k down. How can I bargin the full price of the car down lowering the overall month payment?

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ATB -Let u go
Iio - Rapture(riva edit)
Dj Encore - I see right through you
Lasgo - something

The best vocal tunes on LI RIP(2001-2002)

i say buy a used car. and dont go for hondas. way to many on the road. i rather like the mazda 3. its not an exellent car per say. same as the civic i would say. but it looks better. and well its a smart car.

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quote:

Originally posted by Halcyon+On+On OOKA-OOKA ME NACHOS ME PRESS KEYS ON COMPUTER GOOD

whats the diff between a samrt and dumb car?

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ATB -Let u go
Iio - Rapture(riva edit)
Dj Encore - I see right through you
Lasgo - something

The best vocal tunes on LI RIP(2001-2002)

quote:

Originally posted by Trancealot I went to edmunds.com and did a calculator of 05 ex and monthly payments were at 300 so he knew before hand if I put 3k down. How can I bargin the full price of the car down lowering the overall month payment?

Here are a couple of things you can try:

A. Ask if they offer first time buyer discounts.

B. Ask if they offer recent college grad discounts.

C. Shop around for some other cars in that same price range. Even if you have no intentions to buy them, take the info you find and present it to him. "You know, I was looking at the Corolla S and I can get one of those with all the same features for X amount less. Can you match that?" but make sure you really research it 'cause if the guys a good salesman he will know whether or not you really can get the Corolla at a beter deal.

D. The best thing though, is to be able to pay cash for the car i.e. finance it through the bank instead. Because then if the guy starts playing hardball, you can cut to the chase and say "Look, I'm ready to pay cash for the car, right now. Let's make a deal." You just have more bargaining power that way than if you have to get approval from the finance department. Just don't walk in there first thing and tell them you're ready to pay cash first thing, if you decide to do that. Hold that as your ace in the hole.

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