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

Posted on 5/26/14 at 9:40 pm to
Posted by Will Cover
St. Louis, MO
Member since Mar 2007
38705 posts
Posted on 5/26/14 at 9:40 pm to
quote:

I've never leased a car


And I wouldn't start now.

Long story short, with a lease, you owe something but you own nothing.

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.

Posted by BACONisMEATcandy
Member since Dec 2007
46645 posts
Posted on 5/27/14 at 9:09 am to
quote:

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.


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