Should I lease a new car?
Ok so I'm a 19 year old guy, in school for real estate and business and I have a 2004 honda accord with about 130,000 miles on it, a bunch of problems and a broken bumper. I'm the 5th owner of the car and I'm wondering if I should try to afford a new one or if I should pay to fix this one. I'm a restaurant server and I make about $325 a week in tips. The car I'm looking to lease is going to be $160 a month and the dealer offers free maintenance for the time of the lease. I don't know if I want that commitment though or if I can afford it and still have money to live off of. Any opinions?
Leasing is only worthwhile if the car and expenses are tax deductible otherwise it's an expensive rental
I would stick with what you have as long as the drive train is okay. If not, I still wouldn't lease a vehicle. Find something else cheap to replace what you have. In the long run you'll be better off.
No, when you lease a car you DON'T own the car, you must return it or buy it then.
A 2004 Honda has much of its life left, at 19 you don't need to be in an expensive lease assuming you have the credit score to qualify for a lease. For a cheap lease it means you must put a bunch of money "down" on the car. Leases are never cheap and simple, go read all the details…
There are my other cars you can buy other than a NEW car.
- Will a car dealership work with me if I'm gonna lease a new car, while trading in the car I have, which has an outstanding loan against it? The car I have now has a loan against it which is worth more than the trade in value of the car by about $5000. If me and a family member were BOTH looking to lease a new car (so 2 new cars), does anyone know if a dealership will be working to work with me in any way? Also the cars looking to be leased are not high end or luxury cars, they d be coming from a dealership like Honda, Toyota, or Subaru.
- When you buy/lease a brand new car, are you able to add things/customize it at the dealer? In 2014 my friend financed a base model Jetta brand new red. However his model came with fog lights and LED turn signals but had hub caps. However, my other friend had a 2014 Jetta as well and had the middle trim and had no fog lights or LED turn signals but had aluminum alloy rims. Can you add things like that to a car? I know at Honda if I wanted Fog lights on the middle trim they would ask me to upgrade entirely to the highest trim which i don't need, I just want the fog lights
- What is a good monthly lease payment for new 2015 Honda CRV exl AWD- 36 month lease/12k miles? What is a good monthly lease payment for new 2015 Honda CRV exl AWD-- 36 month lease/12k miles? thanks for the reply… My credit score is excellent. I referred to monthly payment since its my first time leasing and I not familiar with terms like money factor and residual. I simply look at the down payment and the monthly payment that I have to make per month.
- Why could my 2000 Honda Civic show it's going to overheat I have coolant a new radiator a new radiator cap a new temp gauge switch and? A new thermostat head gasket is fine could it just need to flushed and a new water pump and timing belt