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re: About to lease a car...any tips before I pul the trigger?
Posted on 5/26/14 at 8:44 pm to Mr.Perfect
Posted on 5/26/14 at 8:44 pm to Mr.Perfect
Just trying to lay out my line of reasoning but if I'm wrong in my assumptions then I'm open to change. Like I said, I've never leased a car so I'm just trying to gather as much info as I can so I don't go in blind.
As far as getting that 06 accord, I really don't want to drain our savings to buy a car with over 100K miles. If I come out a little behind because I lease instead of buy then I'm OK with that because I'm not putting myself into a situation where our savings is gone.
If for some hypothetical reason I lose my job or get hurt or whatever and we buy that car, then we're in a tight spot with no cash to hold us over. I figure with the lease, we still have the cash reserve to hold us over until I'm able to work again.
As far as getting that 06 accord, I really don't want to drain our savings to buy a car with over 100K miles. If I come out a little behind because I lease instead of buy then I'm OK with that because I'm not putting myself into a situation where our savings is gone.
If for some hypothetical reason I lose my job or get hurt or whatever and we buy that car, then we're in a tight spot with no cash to hold us over. I figure with the lease, we still have the cash reserve to hold us over until I'm able to work again.
2
Posted on 5/27/14 at 7:22 am to iAmBatman
quote:
I really don't want to drain our savings to buy a car with over 100K miles
Most cars these days will run up to 150K and more. A car with 100K might be ideal for her.
Besides, you will pay plenty for a lease. Get a fairly high mileage car and keep your savings.
Posted on 6/11/14 at 3:48 pm to iAmBatman
quote:
As far as getting that 06 accord, I really don't want to drain our savings to buy a car with over 100K miles.
what is this about draining savings? You've got to pay $1500 down on the lease anyway don't you?
Last year I put 2k down to buy a 2010 Fusion (64,000 miles). My monthly note is only $218 and I had a very limited credit history prior to getting that loan.
This post was edited on 6/11/14 at 3:52 pm
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