I have leased a car for the last 3 yrs, it been great, until next month, when the lease is up. I think this time around I am going to buy, as I cannot really find any lease that I want to go with, plus I would like to not have a car payment the rest of my life. What sucks about having a lease, is that going into the new car, I have nothing to trade in. Anyone else hate the entire process of having to buy a new car? I have good credit, and for the car I want, the payment still going to be over 500 a month. Ugh. Nothing really to say just needed to vent about the entire thing. Ugh….
Yes I hate it too! I think that if you have good credit that you should be able to tell the bank what kind of monthly payment that you want to make without having to put so much down!
Make sure you don't get a brand new car. Get one a year or two old and let someone else get soaked with the depreciation.
I sold cars for three years. Let me know if you need some behind the scenes advice. It's not as complicated as it seems as long as you go in armed with the right weapons.
Find a car that has good resale value and is offered with 0% financing. If I were buying right now, I'd look at a 2010 Mustang GT, perhaps a convertible. You can get 2010s right now for 0% financing for 60 months. Plus, they are offering free routine maintenance for I think 3 years. Cars like V8 Mustangs, Jeep Wranglers and pickup trucks with larger V8s typically hold their value well. Sure, they'll depreciate but you won't be as upside down if you can score 0% financing because you're immediately paying on the sale price of the vehicle instead of interest.
