re: About to lease a car...any tips before I pul the trigger?

buy a 96-2000 honda civic for 2k and you will be fine.quit over thinking it. im a mechanic so i know what im talking about and i specialize in hondas as well. your welcome.

plus i just bought and sold a 2000 4 door accord for 1500 with no problems what so ever mechanically.
it was only missing a front bumper and it was 50bux for a brand new replacement. sold it for 2500 cool 1k profit and it had over 165k miles.

Google "U S News best lease deals".
It will give you all the current lease deals
offered by the manufacturers.

Last week I leased a 2014 Toyota RAV4 LE
through Toyota Leasing Corp. I found this
lease deal on the above mentioned website.
I pay $199 per month for 24 months with $2070
down.

Your $170 monthly payment will be higher
after they add the monthly sales/use tax and other fees.

Honda has a lease deal on their CR-V with no
down payment but the monthly payment is $270
(plus fees and taxes) for 36 months.

Check out this website before you leap.

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About to lease a car...any tips before I pul the trigger

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umm, don't do it?

Leasing a car is the dumbest thing a person can do, financially speaking.

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Buy a used vehicle for $10K, finance it for 3 years at PenFex (rates are less than 1.99 %). At the end of 3 years, you'll have a vehicle that is in your name and "equity" built in it.

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This would be my advice as well except I would USAA rather than PenFed

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the only thing is a 10k car is gonna be a old pos most likely,

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2009 Honda Civic

looks pretty good to me

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I'm failing to understand how walking isn't an option here.

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or a golf cart

Would you want your wife walking 4 miles round trip anywhere in Baton Rouge? And what about when it rains or she has run to an errand? Not having a car is just not an option in Baton Rouge

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Would you want your wife walking 4 miles round trip anywhere in Baton Rouge?

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Depends on the area.

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And what about when it rains or she has run to an errand?

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If the choice is between making due for the time being, or settling for a vehicle purchase/lease...I would choose the former. Ms. brgfather129 had her car finally die and we waited four months until the "right" vehicle came along. We made it work.

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Not having a car is just not an option in Baton Rouge

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You have a vehicle.

If you need a car, you need a car. I feel strongly that bad buying decisions are made when you NEED a car...you could slow the process down a little and make a more informed decision with your money, especially if it is tight. Walk/carpool/etc until the time is right and then pull the trigger when it makes more sense to do so.

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Thanks for the tip. I'm currently checking it out now to get an idea on what the numbers should look like on the items Will Cover laid out.

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Leasing has become an incredibly effective tool for dealers to sell their product at a significantly higher price and profit margin and is often “pushed” or “encouraged” through the sales process.

• Leasing makes the car more affordable and therefore easier to sell. The buyer gets focused on being able to drive a nicer vehicle for a lower monthly note than what they most likely could not afford to buy.

• It allows the customer to afford a more expensive car, and the more expensive the car, the larger the profit.

• Leasing allows the dealer to legally hide the true cost/price of the vehicle and charge you a higher price than you would normally agree to.

• A leasing customer is more likely to return to the same dealership to get their next vehicle and next vehicle and next vehicle. Even though your original sales person will be long gone, the dealership is able to maintain customer retention and that’s where it pays off in the long run.

An inflated residual value lowers your monthly payments, but it can also handcuff you. A more realistic residual value will make it easier to sell the lease, trade your vehicle in the middle of the lease or buy the vehicle at the end of the lease. Many people get lured in by the low initial payment, but should beware that all the financial factors that go into leasing, including trading in your current vehicle to obtain a new leased vehicle will effectively ensure your monthly payment will be much higher in subsequent leases. This makes it hard to break the cycle and purchase future vehicles with a sizable down payment.

Leasing is a convenience that you’ll pay for in the end. Put another way, if you can’t afford to buy your next vehicle with a four-year loan or less, then you really can’t afford it.

The better deal long-term is to buy a reliable vehicle (good, late model used vehicle or lower priced new vehicle) and hold onto it as re-leasing every three to five years is no way to build wealth.