Don't buy a new car to get better gas mileage

[Dlucas]

@Joe

:picard: 0 equity > negative equity, which is what you usually end up with if you buy a new car and are looking for lease type payments.
For example, my truck stickered for 41k. I put 0 down, leased for 3 years @ $330 a month. At the end of my lease, I will have spent a total of $11880 on payments, minus the interest income I have on that money chilling in my bank account at 5%, instead of being long gone. Say 11,000 to be very conservative. It’s actually a good deal lower than that.
At the end, instead of trying to go to 800 different places to haggle on trade in values and still getting shafted, I drop it off and negotiate from scratch. Any interest paid on a car note notwithstanding, show me where I’d be able to get 30k on trade for my truck in 3 years and I’d be damn impressed.

For that matter, show me ANY $40,000 car, new or used, that I could drive around for 3 years without coming up with any money up front, for less than $11,000, and how. I dare you.

I’ll save my equity for appreciating assets, thanks.

Thank you for basically suming everything I’ve said in this thread in one post. :tup:

If you finance a car over $40,000, you’re a fucking idiot. (assuming you put little to nothing down)