I like the idea of no debt.NEVER LEASE
I always pay CASH.
Never had a car loan in my life.
I've read that many times people who finance end up losing more money in depreciation whey they then go to sell the car a few years later. And they have nothing to show at that point for the money spent either. At least with leasing the money spent in depreciation is already set. You can come ahead or end up behind with a straight finance. Having set costs is one of the main reasons to buy a new car anyway. Otherwise, I'd just buy a used, really clean Honda S2000 and brace myself for an entirely unpredictable ownership cost.Finance > Lease! At least at the end of the term you own the depreciating asset and can sell it, at the end of the lease you have nothing to show for the money you've been spending.
Plus if you take good enough care of the vehicle throughout the time owned you up your chances of getting more money out of it in comparison to the rest on the market at the time.
Are you sure you can get pre-approved lease rates from third party banks? I thought you could only do that with a straight finance deal. I'm a millennial who has never bought a brand new car before so I appreciate all the feedback everybody.If you're dead set on leasing at least get yourself pre approved before going in to deal. Most of the dealers profit off your new car comes from the arbitrage between their buy rate and what they lend to you at. Pre approval cuts out the middleman and saves you a percent or 2 in interest...
Are there any calculators you would recommend?never lease a car...you're only asking for trouble
save enough money up to put down so you can afford your monthly payment
find a car payment calculator on the web...your interest rate would be under 2% i would think
