Quote:
Originally Posted by Socal_4_LYfe
...Blah, blah, blah lease. Blah, blah, blah...
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One of the least intelligent things that a 17 year old college student could do is lease a new car. What the hell does a 17 year old college student need to pay for the depreciation on a new car for? (Lease = LET ME PAY FOR THE DEPRECIATION ON THIS NEW CAR PLEASE.)
You should be buying a very, very used car. Think 200,000 mile station wagon. For $1500. You should be happy that you have it.
Now for the 4 years that you are in college, save the $400/month. Now when you graduate you'll have $20,000 to put down on a new car. And you'll have a job where you can afford to pay for the rest of a new (to you if you are smart) car. In 4 years you'll probably be able to pick up a nicely used Elise for not much more than $20K.