# Need help/advice with purchasing a new car

**URL:** <https://forums.speedlife.net/t/need-help-advice-with-purchasing-a-new-car/44689>\
**Category:** NYSpeed Automotive\
**Created:** [March 9, 2008, 1:05pm UTC](https://forums.speedlife.net/t/need-help-advice-with-purchasing-a-new-car/44689 "2008-03-09T13:05:26Z")\
**Posts on this page:** 1\
**Showing post:** 10

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**Author:** ![OfficerK](https://avatars.discourse-cdn.com/v4/letter/o/4da419/32.png) [@OfficerK](https://forums.speedlife.net/u/OfficerK)\
**Post date:** [March 11, 2008, 8:58am UTC](https://forums.speedlife.net/t/need-help-advice-with-purchasing-a-new-car/44689/10 "2008-03-11T08:58:17Z")

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If you are putting 7K down, you probably don’t want to lease.

Think about it, you are essentially going to lose that 7K.

You can outright buy a new car with 7K down for a low monthly as you are looking.

Keep in mind…it is approximately $20/month for every $1000 you finance.

so $10,000 in loans would be ~$200/month. This is good to at least give you ballpark figures.

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