Are you leasing or buying?
 

I'm probably going to lease because I'm a teenager and I want this car A.S.A.P. And no Mommy or daddy will not get it for me. I'll try to save every paycheck I get. And I want to get it before college so it'll be like 2.5 years of saving up. You guys think I can do it? So are you buying or leasing? God bless . I'm hoping it's not 25k.....

Im 18 and i leased my genesis coupe, but the FRS is my nxt car and im not sure which im doing lol most likely purchase

Well I'm 19 and have University next year, I've done the math and it will take me about 2-3 years to get this car and have some money left over. So I'll end up leasing it, that's after I buy an MKIV Supra in the next 6-8 months! lol Counting down the days :D

Dude! That's amazing,where do you work? I think I might have a chance.

I work for a nissan and hyundai dealership lol and my moms and brother work for toyota! Rivals for life!!!

All I know is car repo business went up like 600% two years ago =D. The guy scared the crap out of me. They told me they love college students. I starved myself eating cup n noodles until I paid off my Prius. Took me a year but I got there. =D I didn't want to be carless, but at least I am debt free now. Oh and hot dogs.

I wouldn't pay for a long-term rental.

That's true, but it will take so long to get atleast 17k for a used one after a couple of years.

I'm only 18 and I plan on buying this car when it comes out. I'm saving a few more grand and then gonna put a nice down payment. No point in leasing a car I want for years to come. Doing this while being in college is gonna be tough, but I'm thankful that this car should have a good base price that I can handle payments on.

Save your money and buy used. You can either work for your money or have your money work for you. Don't be foolish IMO...

In a way the "down payment" is a scam to me ...for every $1000 they knock off what 10 dollars .....

I like to just get the car may 1 or 2 large payments toward the principal and pay before the interest hits

If you plan to keep this car for a long time, leasing the isn't the right solution and you can end up paying more in the long run. I think you should get rid of the "need it now" mentality because that might lead to regretful decisions, especially when it comes down to signing the paperwork. If you have a car to get you around, I would wait. There is no benefit for having the first one.


:thumbsup:

Scam isn't the right terminology. Putting more down means less to finance with 1k to 10 ratio still in effect. It's better to span it over 60 months so you'll have a lower monthly but always double what you apply per month. It'll be paid off sooner than you realize.

Believe it or not but I believe in the Suzie Orman rule; have at least 3 months of all your payments saved as your emergency funds. This will help gauge what you can and can not afford.

Yeah wrong wording indeed, it's been awhile since I have financed a car should be interesting lol

I am going to buy ... trade in my current car ... and finance the rest
(( I know I'll be down 10k or so... by next year ))