Lease or Buy New car??

Discussion in 'Credit Talk' started by sam, Oct 12, 2001.

  1. sam

    sam Well-Known Member

    Any tips?

    1. I'll probably be tired of car in 48-60 months.
    2. If i decide to trade it in earlier on new model,
    which will take the least haircut?
    3. Payments - lease seems to win here.
    4. Down - lease seems to win here.
    5. I put 2000 miles on my old vw in the last 8 months.

    Help me out here. I wonder if a 650 score will qualify for a lease???

    Would only consider 48month lease or 60 month finance ($3500 cash down).
     
  2. GEORGE

    GEORGE Well-Known Member

    FOOD FOR THOUGHT...0.00%~~~60 MONTHS...GM & FORD...MAYBE OTHERS.
     
  3. KHM

    KHM Well-Known Member

    BUY!
    You are going to pay for a car you will never own if you lease and if you decide to buy the car after the lease expires not only would you have financed it for the past 2 or 3 years, but now you are gonna need a loan to purchase it. Personally I would never lease a car. You can always get a loan for 36-48 months, and like George said ( I think thats who it was) Ford is having a 0.0% financing on purchases.
    Kellie
     
  4. sam

    sam Well-Known Member

    my credit is dented, no 0% financing.

    What if i dont want the car after 4 years, which will be the bigger haircut?

    leasing?
    buying w/depreciation?
     
  5. leo728

    leo728 Well-Known Member

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