im about to be 18 soon. and i really want a nice car. Is it best to least or buy i need info....?

Question

like if i lease can i buy the car later or what? what is the best way out

Answer 1

do not lease. you lose so much money that way. trust me. if you want a car your best bet is to buy it. leasing it is basically renting it at a high price for a long time, not worth it.

Answer 2

Leasing is only good for certain situations. There are some pros to leasing over buying, but they are out weighed by the cons. If you drive over your allotted miles, you must pay a fee. There are certain consequences if you get into an accident. After the lease is up, you can purchase the vehicle. The most practical way to shop for a car is to buy a certified used car. If you do this be cautious and always check the VIN number on a website like carfax.com.

Answer 3

Depends, if you lease you are essentially renting the car at what should be a lower rate per month than you would pay to finance the vehicle as a purchase. With the lease you will have huge restrictions on aftermarket modifications, mileage, and overall condition of the vehicle. Its not really yours, more of you are just paying to borrow it with the option to purchase it at the end of the lease for a ridiciously large sum of money. This is a good option if you just need a car for 2 years, but don't want a huge commitment and don't really mind throwing away money for "renting" the car.

Financing a vehicle is a bit more expensive (most of the time, unless you keep the vehicle for a "long" period of time, more than 4 years, but can be much cheaper if you get a smoking deal). I'd highly reccommend purchasing because I like to modify my car, and know that it is all mine (well all of the credit unions right now). Another good option is to go used, let someone else take the hit on the new price, and get a hell of a deal when they realize the car isn't for them. You really should provide a bit more detail of what type of car you are looking for, what your typical mileage will be, and your budget. This will help others answer you question much better.

Answer 4

You should buy a nice used car, if you lease, the payment never goes away. Plus you turn in the car at the end of the lease!!! Then you pay penalties on problems that they find with the car. AUTO TECH 22 YEARS!!!

Answer 5

I think you should buy a used, since when u lease if you go over the number of miles they give you its outrageous fees for a few extra miles, and a new car like brand new becomes worth less and less as you roll out of the lot.

Answer 6

lease is for someone who is going to trade every year or when lease is up beeing 18 you would be better off to buy first and when you have agreat income you could consider leaseing lease is for more of the people that trade often

Answer 7

BUY, BUY, BUY, you get nothing at the end of a lease.
The only thing is you may get a little bit lower payment for something you will give back in a few years.
If need be ask your parents to co-sign for a loan to establish credit.
You will be better off in the long run.

Answer 8

You need to be careful when you lease you may be stuck with a large balloon payment at the end.

Answer 9

Buy A Piece of crap first. save up the money you're saving on insurance until you have a good driving record established and can feel comfortable in a nice car.

then when you are ready buy the car of your dreams. like a dodge neon. ha.

Answer 10

You got cash, BUY, You got a credit rating Cash =down pmt. No credit rating or cash TOUGH LUCK unles Mom or Dad will co-sign DO NOT GO TO A BUY HERE PAY HERE LOT AS WHAT THEY REQUIRE FOR A DOWN PMT IS ACTUALLY WHAT THE CAR IS WORTH and they charge extra high interest rates