should I lease a new 2007 Nissan sentra or buy a cheap used car?

Question

i have 1000 dollars saved up for my first car. I need to start building my credit soon. i want to ride in a new car but i only get paid 150.00 every two weeks. I don't have to worry about bills cause i live with my mother. she won't put me on her Insurence, so i have to get my own. she said i'd come out better getting a cheaper car...what do you think?

Answer 1

the new sentras are actualy prtty nice my friend has one ive driven it its coool. well kristaa u dont have enough money for a new car yet so why not go and get a used car like a nice honda accord or a civic? theyre reliable and have the best resale value

Answer 2

Definitely buy a cheap used car. With a lease, you do not own it at the end. You have to give it back, plus pay any add'l costs that occur over the years. Leases are specifically made for business people who can write it off on their tax returns or people who like to have a new car every three years. My first car I bought was used and it worked fine. 7 years and still keeps on ticking. This is your first car too so there may be some fender benders here and there and it is more devistating on a new car than on an old one.

Plus, if you're paying for your own insurance on a new car, it will cost a lot because you barely have any driving experience. If you bought a new car, your insurance is sure to be more than what you will be paying for an used car.

Stick with the safer route, always buy used. If you want the new car smell, buy new carpets....that is supposed to do the trick.

With your income, though, I have to admit, you might be working paycheck to paycheck to maintain the car. Maintenance and gas alone costs a lot nowadays. You might be better off saving your money or finding a better job.

Hope this was helpful.

Answer 3

Go for a decent late model used car. They're always the best deals. A two or three year old car (especially one with low miles) is always a better value than a new one because the previous owner(s) has taken the big devaluation hit. The first year is always the worst in the depreciation game. Some models are literally worth half their value as soon as "the tail lights go over the curb", as the salesmen say. You're young, and you have more time than money, in all likelihood, so shop around. You'll be glad you did!

Answer 4

Depends what you're looking for. You never own a leased car, but you don't need to pay as much and you get all of the new stuff. But, if you buy a car, you can sell it and do whatever you want to it and there aren't any additional fees. Noone ever needs a brand new car, so I'd say to buy like a used 2000 car and save your money.

Answer 5

Lease is the only way you can afford a new car on your paycheck. Insurance will cost quite a bit, so talk to your agent and get an idea if you can afford to own a car. Personally I don't think you can afford a new car on that income. Add up the cost per month to buy, insure, gas and maintain a car. Its a big number.

Answer 6

Get a $1000 car and start saving your money for another vehicle in a couple of years. You are not going to get financing on anything with that kind of income. Call your insurance agent before you buy a car to make sure you can afford the insurance.

Answer 7

I wouldn't call it a "chick car". The sentra has been a fairly popular street car for over a decade. The "old school" se-r with a sr20 motor was considered pretty decent. Although, nissan does seem to market the sentra as a economy car more than any thing else. you could always go with a manual transmission to look cooler...

Answer 8

Buy an old car they have good working ones even at the junk yard!
I have a 1884 Motorcycle and it works great my mom and dad have a 85 and 87 vehicles and they work good!
a New Car will break down less but you won't be paying an arm and leg for it
And when you get a better job you can save up and buy a newer car

Answer 9

One thing they don't tell you when you lease a car is that the automobile insurance is a lot higher than when you buy a car and make payments. Also, you typically have to pay money up front and a lot of money at the end of the lease. What those thing in mind, I think you should buy a good used car.

Answer 10

that's a hard one because with what you make it's going to be hard to make payments and Insurance first you have to crunch the numbers insurance to see what the monthly payments will be plus full coverage insurance the numbers will tell you all you need to know if you are making $300 per month you can't $300 payment plus insurance and if you get a car use $1000 you may go broke trying to keep it running because you just don't know what you are going to get buying a used car you may find a good one though it's best to go new but you may only be able to afford used

good luck