>Take my 2004 Honda Civic that I financed out of college (Out of pure desperation because my parents kicked me out like two weeks after graduation before I had started my new job) >Go to get inspected, knowing it needed new brakes >JK JK $2k work now to pass (minus labor) and I need a new exhaust system by year end >Underwater on my loan >Dealer pushing me HARD AS FUCK to lease a car from them >Everything I have read about leasing makes it seem like a no go for me personally
Holy shit I am so fucking out of my league here. I know can't afford to put my car back on the road
So here is what I got
>Drove a few cars they tried to push on my, drove a few I wanted to try >Favorite by far was the 2016 Honda Civic
They offered me to trade in my car to finance the 2016 Civic for 72 months @ $300 a month (Including all fees and GAP insurance) to drive it off the lot. They would absorb the cost of the inspection & oil change I got as well
Here is my question. In general (Or specifically the 2016 Civic LX if you are familiar) what is the chances of the car lasting for 6 years without it falling the fuck apart
I don't know much about cars, but here are the facts
>I ALWAYS get my regularly scheduled maintenance (Which I will be having a very very LONG talk with my current mechanic about why these issues were never brought to my attention) >Oil changes as needed (New dealership offers them for free so fuck it) >Drive it about 20 miles a day in PA (Non mountainous area, but salt zone)
The fact of the matter is that I don't have a lot of savings (Which is an issue with me being shitty with money and no fault but my own). but I do have a steady job and don't see an issue with paying $100 more a month (Plus probably my car insurance double).
I donno, I was just hoping someone here could read this and give me advice. I told the guy if the payment is over $300 when he brings me the contract I am walking
Mason Thomas
You should leave anyway. If you can't write a check for it, you can't afford it.
Why aren't you looking at late 2000s Civics?
Matthew Richardson
Also these fuckers tried some jewish tricks on me already (Including offering me terms that required 3x the down payment I offered)
I feel like I shouldn't have told them my ballpark was 200-350/m but I got lulled into a false sense of security.
Anything else I should be on the lookout for?
Aaron Perry
>They offered me to trade in my car to finance the 2016 Civic for 72 months @ $300 a month (Including all fees and GAP insurance) to drive it off the lot. They would absorb the cost of the inspection & oil change I got as well That's fucking awful
Don't finance the car. Get the lease then after 3 years you can just finance the residual buyout
Christian Butler
Everything you have read about leasing:
>Most expensive way to own a vehicle >Stealership thinks your a sucker so ofc its pushing the damn lease, they make more off leases than selling the cars anyway >How underwater are you >How much in savings do you have
Don't finance the car, period. Buy a cheap af $1500 car (provided you have the cash) until you have enough cash for a $5000. That's what I'm doing, man.
Poor people ask how much down, how much a month. Rich people ask how much.
Jose Lewis
Because I am a shitfaggot with money and just paid off my hospital bill (Broke my leg in a skiing accident) leaving me kinda broke but at least not owing the hospital 5k
Also I haven't settled and am still shopping around
Don't leases pretty much leave you at the mercy of the dealership to fuck your asshole bloody if you try and trade it in after the lease?
>Have to pay for every knick and scratch and dent from retarded faggots who fuck your door up in a parking lot
Ayden Nelson
>Don't leases pretty much leave you at the mercy of the dealership to fuck your asshole bloody if you try and trade it in after the lease? Not really
At the end of the lease you have two choices. You finance the residual buyout which is equivalent to the value of the car you already agreed to when you first started a lease. Or you let the car go and the contract ends
Generally when going from virtually no car, leasing can be an easy way to get a brand new car if you have little money. However it generally costs more than outright financing. With a lease you effectively only pay for the car you use in the 3 year time span which is why it's so inexpensive at first.
Andrew Cox
so leasing in your situation would be a bad decision If you really are tight on cash and you have good credit a car loan is fine but it sounds like you would be better off with a slightly used car so you don't have to deal with depreciation
go get pre-approved at a local credit union to see what you can get and go from there
Cooper Thomas
do the brakes yourself. change the exhaust yourself. it's not difficult.
Christopher Green
You're on the right track at least. Leases are the MOST. EXPENSIVE. WAY. TO. OWN. A. VEHICLE.
Nothing says "I want to fail with money" like a lease.
