You want to lease the car and then buy it when the lease is over....hmm...you are pretty much buying the car twice there grasshopper.
I have a friend who did that with his truck. 36 month lease @$300/month=$10,800. Then he had to negotiate the sales price of the truck to buy it at the end of the lease term and they agreed on $18k for 5 YEARS. So he had 8 years of truck payments AND he paid $28,800 for a truck that would have cost him about $21,000 if he had bought it off the lot in the very beginning.

Buy used or go to a credit union and see what they can do for you for interest rates (new/used).

 

^ is the 21k before or after taxes? not to mention with financing you usually pay a little more than what the car is worth anyway because of interest. Of course thats all a matter of how well someone negotiates the price of the vehicle anyway.

I know I sound biased even though I asked a question to try and sway me from one to the other, but so far a lot of the points made go for both leasing and financing it seems, although I admit I am still learning about the topic.

 

you dont have to buy it at the end of the lease. most ppl dont. after 3 years there are better things out there. it just less trouble than having to sell it. alot of ppl just come and look, test drive and never buy.

 

I believe it would have been $21k after taxes and fees. But he didn't finance as a purchase initially- he went for the lease 1st and then decided he really liked his truck and didn't want to go and buy another so he decided to keep it- i.e. purchase it after the lease was up.
cmv- it was my understanding the OP was looking to lease and then purchase the same car when the lease expired. I could've read it wrong tho

 

^ yeah no you were right. I was considering purchasing it afterwards so no error on your part.


All I was saying is that even when financing a vehicle, you typically pay more than what you get it for out the door anyway. I'm not saying this happens to everyone but I know it happens so even if your friend initially financed the truck they still more than likely would have paid more than what it was worth depending on the interest rate and all the other poop they factor into payments.

Feel free to correct me if I'm wrong but my family has had personal experience with the whole paying more than is worth thing.

 

Ok...here we go.
i sell cars so i'm going to brake it down.

how long are you planning to keep the car for ?
If your plan is 2-3 years i suggest you lease it.
You are not taking a hit for depriciation , you are under a warranty and you are keeping your payment down, as well as you are paying taxes ONLY on the portion of your lease.

If you are planning to keep the car for a long time .. then lease it as well !
If i understand correctly you are a little short on cash, usually people are in better financial status in few years so after your lease is done you can continue paying for the car ( basically buying it )

Also ASK you dealer to check for the current programms ! 24/36/39 month and ask them which one os better...which one has higher residual ( residual is the amount that the car is worth after your lease ) the HIGHER the residual the better deal you are going to get..
Also ask for them to show you an invoice so you can see what they selling you the car for..
Also dealers have something that is called hold back..in the process of negotiating if the salesman comes back with like 500 a month , tell him you pay 200 with 0 out of pocket ! When hes going to come back with real offer just tell him something like this ; listen you wanna spot a car or you wanna go back and worth.. i want half ( or full if you really want it , lol ) of the hold back and you got a deal right now..
Ofcourse make sure you tell him how much out of pocket you are giving, otherwise hes gonna tell you this: Well Mr. Smith 0 down means that you can come up with taxes and fees upfront ..
I woudl suggest giving at least taxes upfront.. usually 2000 -2500 is a good amount out of pocket..

 

Man I wish RusWolf would have been there to explain the lease deal! I felt it was a mistake for us because we went into it knowing NOTHING, and ended up paying $425/mo for a van we could only drive 9 months out of the year because of the mileage restrictions. We ended up putting tons of miles on my car while her new van sat in the driveway. Knowledge is power. Now I know to do my homework!

 

^ Mileage wouldn't be that much of a concern for me because I won't exactly be taking long trips in the car. Not to mention if I need to take a long trip I have access to other vehicles (my grandmother has a 06 corolla xrs) my daily commute isn't very extensive and I don't do a lot of long driving..so I won't be leasing the s2k for the purpose of long trips

 

^ Mileage wouldn't be that much of a concern for me because I won't exactly be taking long trips in the car. Not to mention if I need to take a long trip I have access to other vehicles (my grandmother has a 06 corolla xrs) my daily commute isn't very extensive and I don't do a lot of long driving..so I won't be leasing the s2k for the purpose of long trips

 

Just wondering and correct me if I'm wrong...
Why are you trying to drive a car that you can barely afford?
The car takes premium fuel and costs more to insure than a tC.

If its because you love the S2000...why not wait until you get a better job or get a raise or finish school or get through whatever it is that's holding you back?

 

Dont mean to be off topic at all, but BRO, WTH!?!?!? If your in sales, you should know better then to teach people the WRONG way to buy a car, thats old school and annoying to anyone who is a decent sales person, b/c they know whats going on and that is just a waste of time. I used to be in sales for years, and that is the dumbest way to buy or lease a car EVER! also, why bring up "hold back"? Nobody needs to know about that when buying a honda,nissan, or toyota, there's usually only a few hundred dollars in mark up anyways....... green pea! I will agree that your right to lease it regardless, even if miles might be a concern, b/c it wont cost enough to negate the savings, but the rest is just plane dumb, and i think this is the most negative post i have ever left, but .....im sorry, i have to say it again.... that is STUPID!!! Just tell the dealer you will pay invoice - rebate (if any), + state fee's= a good quick (fair!) deal. that applies to a regular purchase or lease, and if you dont know enough about the lease, research and understand it well before doing it and you wont be one of the statistics that gets screwed in one! ...phew, glad i got that off my chest!