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Post by CurlyQ_Gal on Aug 1, 2002 15:42:24 GMT -5
Does anyone do this to get a car? I want a car but there's no way I could just buy one. I could however, get a job, and then pay probably as much as a couple hundred a month for one, or however much it is. What do I have to do to do this? Would you reccomend it? Is there something else I need to take into consideration? Any suggestions are appreciated! Thanx!!!
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Post by Toxic-Avenger on Aug 8, 2002 12:43:49 GMT -5
You can do this two ways.
You can make payments which are negotiable to a point. And you may not need a big downpayment.
If you do not have a downpayment of say $3,000, your monthly payments will be more.
If you do have a downpayment, you can reduce the monthly payments by quite a bit. Like you said, a couple hundred a month can get you into a nice mid-size car like a Saturn or Malibu.
Is there something else I need to take into consideration?
Yes, high insurance payments, you're young, driving a new car unless you can ride off your parent's insurance policy for awhile then it's not so bad. You might want to consider buying a used lease car. They only have some 30,000 miles on them and are inspected by the dealership. You can save up to 2-4 grand on the cost of a car.
A new car is say, $17,000 new. A used lease car might be closer to $12,000 for the same model. See, a new car loses 20% of it's value as soon as you drive it off the lot. You should also budget for taxes, titles, and license fees.
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Post by CurlyQ_Gal on Aug 12, 2002 19:23:57 GMT -5
I like the used lease car idea the best. So can you give me and idea of what I do? I go to a dealer, tell him what car I want, and pay him a certain amount every month for a few years and that's all? (Thanks for all your help, btw)
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Post by Toxic-Avenger on Aug 13, 2002 6:57:07 GMT -5
I don't have alot of experience with this, but I did try it once. Yes, go to the dealer and look over the cars. Shop around for the car that most suits your needs and has the features you want, i.e a V-6, good stereo and air. Wait, those are my preferences. ;D A V-6 gives the car some life and gives the car a little zip, it's also more money. So is an automatic transmission. But it's worth it if you get stuck in traffic and you don't have to shift up and down and ride the brakes and clutch pedal. Also with a lease car, you still have 70,000 miles or so of warranty protection for parts of the car. If it were me, I'd go with the powertrain. That's the engine and transmission. But i think that's fairly common but ask for it. There was a deal where I live where you could get into a Saturn SL-2 sedan for $200.00 a month without a down payment. Go to the dealer and ask lots of questions. This is a big step and it's expensive. <<I go to a dealer, tell him what car I want, and pay him a certain amount every month for a few years and that's all?>> Sort of. It's kind of weird because there will be a set amount you have to pay, but the salesman also wants to sell a car that day and to a point, he will do as you ask. Also: Work the job for few months before you go car shopping. If you miss a sale, it's well worth it to wait until another one. But sales are common. After being at the job for awhile, you will have established yourself as a steady worker with an idea of your yearly income which they will ask for. If all else fails though, you can have your parents co-sign for the payments. See, there's always other options. Also, some times of the year are better than others to buy cars. Autumn, because the dealers want to get rid of the old models and make room for next year's models. Late winter through spring because, the dealerships want to get rid of the new models to make room for new, new models. Lease cars are also piling up and they want to sell those too so they can make room for new cars . . . to lease. Now what I just told you -- there are many variations to this so one will be right for you. Happy shopping. <<(Thanks for all your help, btw) >> Glad to be of service.
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