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leasing or buying?
Im turning 17 and i will be recieving my full license. and i will need a car for the summer, and my senior year. however i will be going away to college so i wont need a car after senior year.. my mother doesnt want me 2 have a car because she doesnt want to pay for insurance because it will be really expensive so i thought of maybe leasing a car for a year.. any advice on leasing?? what would be better???
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you'd have to pay full coverage insurance on a lease too. so you're gonna have to have it either way. plus you can't lease and get a low monthly payment unless you have good credit. and at 17 you prolly don't have any credit so the car would have to be in your mom's name. plus as was said with a lease you have to go only a certain amount of miles for the time of the lease. it'd make more sense just to buy a decent used car and go from there.
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Yeah, I don't suggest leasing a new car. In reality, you usually end up paying more for the car than you would if you owned it. If you lease the car, the company you lease it from gives you a set number of miles you can use. If you go over, you've got to pay for the extra miles. I'd personally look for a used car to drive. I'd say 95's-99's would be good years for you to look at purchasing.
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You actually can't lease a car until you're 25... so you're stuck either buying a junker on your own and paying for your insurance, or waiting until after college.
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