Buying a New Car

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lachicabella

lachicabella

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So like tonight right (lol), *popping my bubblegum* I went to get information on buying my first car. I was told that financing a car is better as opposed to leasing it. For those of you who have cars or have had experience dealing with car dealers, please tell me your experience and if you want, you can provide some advice. I'm really seriously working on getting a car. 🙂
 
JohnFly5 said:
Hey Chica.. Whats up. Long time no talk...
Anyways... you are better off buying one in the long run.. Leasing has (in my mind) too many restrictions associated with it..
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Hey what's up JohnFly5! 🙂 Yeah I was thinking the same thing too, leasing sounded like it had too many complications to it.
 
buying it is much better than leasing.

My dad bought a Chevy Tracker, and let me drive it for a weekend. I was in the market for a new car, so I got my own Tracker in 2004. It was my first new car.
 
If you can secure the financing.... buy.. definately buy. Try to go in with an idea on how much you want to pay per month on the car. Remember maintenance for the car and gas... Get something you will be comfortable with. Like dont get a light colored car, ie you live in NY, in the winter it will ALWAYS be DIRTY.. Test drive the Sh*t out of everything. You might have to put cash down depending on your credit, but remember dont go over your head with a monthly payment. If you can only afford 300 a month, tell them you can only afford 350 a month.. Allow some breathing room for negotiations... Most new cars nowadays come with cashback incentives and dealer pricing.. Go after those dealers... You just might get more for your money..
 
One more thing, make sure that they put the deal down on paper and everyone signs it before you take the car off the lot. They have a tendency to give you the car and then 2 or three days later they call you back and say they need another thousand or a cosigner or something, and you might be put between a rock and hard place and have to return the car.
 
You all have some good points 🙂. This is good I am learning something. Thanks guys :cheer.
 
Nowadays there are a lot of finance incentives. If you have good credit, you may qualify for low low interest rates. I remember when I got my first golf, we got it at 0.9% for 2 years. The payment was ridiculous, but thats besides the fact.
Definitely finance if you can afford to. Just be sure to research what you can. www.Edmunds.com gives great advice and tips, as well as lets you know what the True Market Value for a car is aka how much people are really paying for it. Shop around, once you know which manufacturer you want to go with, go to one place, get a price in writing, and then go onto the next and see what they off you.
 
imfromqueenz said:
Nowadays there are a lot of finance incentives. If you have good credit, you may qualify for low low interest rates. I remember when I got my first golf, we got it at 0.9% for 2 years. The payment was ridiculous, but thats besides the fact.
Definitely finance if you can afford to. Just be sure to research what you can. www.Edmunds.com gives great advice and tips, as well as lets you know what the True Market Value for a car is aka how much people are really paying for it. Shop around, once you know which manufacturer you want to go with, go to one place, get a price in writing, and then go onto the next and see what they off you.
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Very good advice :cheer, I'm going to do some research on that site. It will also help with the decision-making process.
 
Definitely buying is the better option. First though buy yourself a copy of "Consumer Report" the car issue, and book, they will help you when it comes time to hagle over price. My mom always goes with me for a new car, and she is really hard about it because she knows whats up (how much the dealerships buy the cars for etc...) it helps alot.
Best of luck, oh and I will tell you Honda makes a great car, I love mine. Mom checked out the cars and Honda was super safe (better than BMW my first car choice).
 
In 2000, I leased a car, all I could afford was 300.00, to finance was too high.......when the lease expired, I had the option to buy it, and I bought my car, the payments after was less to finance, although it has added onto the total.....I'm still paying today, but the car is mine. I did not have to pay nothing down, all I had to pay was the taxes and the registration..🙂cause I have excellent credit. So you really need to do some research. Also, I went to several Toyota dealers and the price on the same vehicle was different, so you really need to shop around. Good Luck.
 
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