Car Lease Finance

Posts Tagged ‘car lease finance’

July 24th, 2007

car lease finance
Question: Should I save and buy the car cash or Finance/Lease it?

I can pay the car off ($20,000) in half a year, at most, 1 year. Or should I just save and buy it cash (in the same time frame)?

I'm 18. No credit. Secure Job. Make more then enough. Don't have bills and the only thing i own is a 03 Galant.

Any advice, ect would be appreciated.

Would a dealership even finance me?
I'm want a certified pre-owner 06 luxury car.

Answer: You would probably have to put down a large chunk of cash to finance it since you are young, and don't have a co signer they will probably hit you with a high interest rate and it will take you longer than expected to pay it off.

The best bet is to just wait and to pay it with cash so you don't have to pay any interest rate.

Tax Deduction Tips & Advice : How to Use Car Lease Payments as a Tax Deduction