Leasing a car
Hey guys.
So I've recently gotten my lisence and have to pay for my own first car. I've been looking in to leasing and I'm positive it's what I want. So I have a few questions.
If I go to a dealership, will they lease me and year car? For example if I was a 2007/2008 Nissan sentra will they lease a car that old?
Thanks in advance
September 10, 2013
6 Comments • Newest first
You need good credit, and there's a 90% chance the lease company won't give you an older car. You'll get a 2012 or later edition since companies like to lease newer cars instead.
Most dealers don't lease out used cars even the higher end ones. I know, I've tried.
I'd suggest buying a relatively reliable car that isn't exactly fancy so when you crash it or something goes wrong with the car, it wouldn't hurt much to just toss it aside (not literally). If you truly want a new(er), let your parents/guardians lease the car for you and you commit yourself to paying them.
Yeah @somejello is right, without credit you are a sitting duck and having a cosigner is just part of it. The cosigner is usually the first one to get sued when you fail a payment and have 100% liability, from what I know. So if a parent cosigns, you better hope they help pay if you forget a payment since credit score drops drastically.
Once your lease is over and you want to renew it, well the car isn't yours so it will need to make another down payment just to get the car back from the dealership. Now if you are going to buy the car at the end of the lease then you are basically paying for a used car at full price of what it might have been worth a couple of years ago, that's some class A doodoo.
Are you going to be using the car a lot? If so then leasing isnt for you period, the rates you pull per mile after you go over the lease mileage is so ridiculous.
[quote=mardigros]Usually they will lease you a newer model car. If you wanted a used car, you're better off going a middle man such as carmax, autotrader, etc.. People don't usually lease older models.[/quote]
This user is right, if you want an old car just buy it from some one else. It will prob cost $7000+.
Not only that, are you financial stable to keep paying it off. I know the interest rates will eventually cost you to pay more for the car.
So it's prob better for you to save it up and buy it at once.
Usually they will lease you a newer model car. If you wanted a used car, you're better off going a middle man such as carmax, autotrader, etc.. People don't usually lease older models.
why are you buying a new car
are you dumb