I need a car for two years for school. Trying to keep the monthly payments below $500 and could put up to $10K down.
Based on my reading of the forums a 24-month lease is likely the suggested way to go. Are there any good 24-month leases for non-EV SUVs?
Very open to any suggestions or even recommendations on areas to poke into. One idea I did have was to buy a car with 0% financing for the first couple of years and sell it upon graduation but roughly based on other folks’ comments I think the early onset of depreciation will make that idea prohibitive…
This is very much vehicle (and point-in-time) dependent, yielding outrageously good, outrageously bad, or outrageously mediocre outcomes.
Make the financial component of your decision based on the entire hole the lease will blow in your finances by the time you give the car back, not the monthly payment.
You could lease an Escalade or an Urus (or really anything else) for $500 a month if you pay enough upfront.
Do you care what you drive? You can get a RAV4 or a Jeep. The RAV4 is probably not going to get you many dates, but will be a big hit at the Senior Center. The are many options available to you. Don’t rule out Hybrids either.
Nissan Murano and Mazda CX have decent 24mo program this month. But, in your situation and eliminating EVs, I would be looking for a used vehicle you can purchase outright for $10K to $15K.
This might come across as a bit of a strange question for Leasehackr, but a bit of a continuation from a prior thread where I was seeking a 2-year lease.
A lot of folks recommended buying a reasonably priced car instead of leasing for two years with an uncertain car need beyond that.
I know I will need a car for two years and can pay up to $600 monthly with up to $15K down. I’m considering getting a Mazda CX-5 and taking advantage of their 0% APR for the first three years with as little money down as possible.
In terms of need here, we just need an SUV (subcompact works) for two years. My view here, based on discussions on the forum, is that getting a car that will depreciate at a relatively low pace, will give us the optionality to sell the car after two years or keep it depending on need. The 0% financing for 3 years also gives us extra time to make the decision to pay down more principal or sell the car over the incentive period.
Would really appreciate any thoughts, even confirmations on this, this will be the first car I’ve purchased and I’m admittedly cautious about making major errors.
