Overhaulin'

buy or lease a car? when you have large school loans to pay?

I am a recent college grad, with a decent job and need a new car. Not sure if I want the higher payments that come with buying car seeing as how I have 100,000 to pay off in school loans. any thoughts on what would be best for this time in my life?

Public Comments

1. lease, cars depreciate in value really fast, so untill you have enough for one you want, lease
2. all depends on what you can afford. leasing is the worst thing you could do.. just my 2 cents..
3. just buy a car that u can afford...maybe consider buying a used car...
4. With you debt, you may not qualify for a lease or a large loan. I would suggest you find something for about $15,000 or less (you can find decent used vehicles for that amount) and finance it for no more than 4 years. If you qualify for membership in a credit union, use it for your financing.
5. Buy a 3 year old used Corolla and drive it until your loans are paid.