Quote:
Originally Posted by Kuarian
yea, i would probably go lease to buy.. I'm still looking into used ones. do they do leased used cars too? i'm kind of a noob at this
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It's pretty hard to get a used car lease, heres why. Most dealers just don't offer them. When you lease a car, the payments are decided largely between 2 main factors. The capitalized cost, and the residual value of the vehicle. Capitalized cost is what you and the dealer agree that the car is worth, and the residual value is the stated/projected value the car will be worth at the end of the term.
With a new car, these are both wildly different, as it "loses value" the moment it becomes used, among other factors. With a used car, the capitalized cost and residual value are likely to be so close there's no money to be made.
Definitely do some research(google) on the benefits of leasing vs buying. With what you've said so far, if you can swing it, by saving up a little longer, buying instead of leasing may end up being a much more lucrative idea for you(financially) in the long run.