Cheapest lease deals for my 16 year old niece?

Ask the Hackrs
1

She does not have very much money to spend, she just needs a bare minimum car to get her from point A to point B. Only requirement is to be economical.

Her dad is showing me $6000 13 year old cars with 150k miles like the honda insight, but this just seems like a huge gamble to me. you guys have any insight?

2

Id be very hesitant to put a 16 year old into a leased vehicle. Dents and scratches are inevitable and can really rack up the damage bill in 3 years.

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3

:rabbit2::doughnut:

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4

i did not even think of thatā€¦

5

And any new car would cost much more to insure, esp for a 16 y.o.

6

But you fix them and return the car without having to deal with an old used car and dimished value

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Surprised 16yo even drive these days. Thought theyā€™d be busy making tiktok clips.

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8

Most cars built after 2008 are plenty safe (you can still look then up on IIHS), and many are plenty reliable for a teenager. A Gen1 Hybrid is not something Iā€™d put in that category, but a contemporary Civic/Accord might be fine (always get a Pre purchase inspection from a reputable mechanic).

The cheap leases are also on hiatus, and itā€™s a terrible idea to put a teenager in a new car while they are learning to drive, no matter how responsible they are on paper.

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9

Two of my friends got EQS deal for high school kids. It is safe, with certain technology, and the most important not really fastā€¦fully trackable and can enable speed limit anytime :slightly_smiling_face:

10

This has to be a troll lol

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11

Sheesh, times have changed. I had a beat up VW Jetta with a messed up mass air flow sensor. 0-60 in 2 minutes.

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12

Unless they are LH-kids

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13

Meaning further depreciation?

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14

Did you even read the first two sentences of the first post?

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15

Why exactly does a 16 year need a car? He or she canā€™t drive it aloneā€¦right?

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16 is when one can get their license to drive aloneā€¦

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17

You get a permit at 16,no? and then wait 6 months (or your 18th birthday which the dmv reccomends as thatā€™s when they take off restrictions) and take the road test. Still canā€™t drive alone until 18

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Permit at 15, license at 16

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For what state is that sir?

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As bad as excess wear charges will be, this is arguably an even bigger expense and headache.

Definitely go the used route, but not anywhere near $10,000. Thatā€™s still a lot of depreciation left, depending on what you buy.

Aim for sub $4,000

For example

https://newyork.craigslist.org/wch/cto/d/mohegan-lake-1999-buick-lesabre-custom/7621076457.html

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