Overhaulin'

should i lease car or buy car?

I'm 18 years male. Im gonna buy or lease mustang GT. but, i don't have enough money to buy car. so, i want to lease a car. but someone said that it's crazy. I can't understand why it is crazy. actually my dad will give some money to me. but i don't know how much money he will give. And, the car's price is about $18000. 1. If you were me, are you gonna buy or lease car? 2. what is the defect if I lease a car? 3. Is insurance expensive for me? Thanks :)

Public Comments

1. buy .
2. if you lease, youll have to get full coverage insurance and it is hella expensive. everyone has financial problems and you will eventually and it will mess you up w your payments and stuff...buy buy buy
3. that depends on how much money you make and if you want to keep making payments. if you dont mind making payments every so often and can keep up with them then i'd lease. but if you want to keep your car for longer than you can lease it and dont like payments then i'd buy it. also leasing you dont need to buy tires. nice car by the way, you should get a yellow one if you can!
4. Of course it is much better to buy the car if you have the cash ready. Leasing can prove more expensive in the end and you may actually run into problems if anything happens with your earnings. Visit http://www.carleasedepot.com to find out more about car leases.
5. Lease a car if: 1. You will be driving no more than maximum miles/year given to you 2. You can CONSISTENLY pay your bill every month meaning that you must have a steady job. 3. You will be taking care of the car like it's your gf. Don't let it have any scratches or you will be charged for them. 4. I don't think leasing or buying will have any effect on your insurance cost. 5. You are the kind of person who likes a new car every 3-4 years. My suggestion to you is to buy a USED car in CASH.
6. 1- what kind of credit do you have 2-it will cost you approx 15 % more if you buy it out versus buying it now 3-your insurance will be high You must carry full insurance coverage on a buy or a lease unless you pay cash to buy it, as the lease or finance company wants there money if you wreck it
7. If you are the kind of person who buys and trades cars every 2-4 years (most teenagers are), then leasing might work for you. But there are some other questions you have to ask yourself first. Here's more about it: http://www.leaseguide.com/lease05.htm Insurance is going to expensive for any 18 year old male, regardless of whether you lease or buy. Anytime you buy with a loan or lease, the finance company will require that you have full insurance coverage.
8. check it out your self. Do you want to keep the car for over 10 years. Or would you like to get rid of it.