Hi guys im 19 but im gonna be getting my first car real soon and when i look in the newspaper the car dealers are saying they lease out 2010 civics for about 115 a month which i think i can handle with my job..but is it this simple? i mean every car dealer is saying they will give it to you for 115 a month but that just sounds too good to me..can u guys me some tips on leasing cars??

thanks alot

 

well when you lease cars, theres always money due at signing. when i got the c300, they offered me a lease with 3,140 due at signing at 360 a month and an option to purchase after 3 years. but with a lease, you cant modify the car in any way until you put in the word to purchase. and at the time, i wasnt planning on keeping the c300 stock, so i just opted to buy it, which gave me the freedom to do whatever it is i wanted to it. some people have different opinions like yea u can modify it, but you have to return it to stock when you take it back. yea you can do this, but you wasted hard money earned if you modify a leased car with no plan to purchase. im not too sure what the numbers are like after the lease period and you opt to buy it.

as far as opting to buy it after the lease period, i think they use the money you put down plus the money you paid monthly and finance you the rest according to the brand new price at the time you leased the car.

hope this helps you.

 

o ok thanks alot, also when they say they will lease it out for 115 is that for everyone? i heard u needed good credit for $115 a month because i have no credit whatsoever so im confused what happens to people in my situation...

thank you

 

yea credit means everything. what you need to see also is how much is due at signing. because that might put a hold on leasing for you. you would have to check to be honest. but i think you do have to qualify to get 115, but im not sure so dont quote me on it. the best thing to do is to go actually talk numbers with the dealer, and ask for a copy of the paper that they use to write the numbers on. because thats going to be your only proof that they told you how much you would be paying a month.

 

If I were you I would reconsider getting a new car. I can almost guarantee that 115 a month will be at least double by the time you get done. You should either save up for a cheaper used car, or get approved for a loan in the amount of a car you want. Buying a new car is a big loss right away. Leasing isnt great either because youre paying so much for a car you have to return anyway. Maybe your parents can help you with a loan or something or chip in some. Driving an older car with lower insurance can save a lot of money. When you get to the point where you make more money and and some to burn, then you can think about getting the car you want.

 

o ok thanks for the info guys. but ya im not that good on money right now i got like 3000 saved up right now and paying around 100 a month for a new civic sounded like a good deal to me. so the newer the car the higher the insurance? also the 115 will double? lol im so confused but thanks again.

 

Never lease always buy. Leasing is a waste of money imo. If you can't afford the car payments then you shouldn't be looking at a brand new car. Don't spend outside of your means or you never will get out of debt. Thats experience talking