Buying my first car, help needed

[Wharf Rat]

It's all good advice above. But remember, when you drive it out of the showroom, it's some of the most expensive minutes of your life. If you can avoid the allure of a new car, you're much better off financially with a certified used car. And, you'll be able to afford a nicer car.

I leased some cars when I was younger and consider it a mistake because you don't build ant equity. I think leasing really is only warranted if you can write it off as a business expense.

[bobarian]

Originally Posted by Wharf Rat

It's all good advice above. But remember, when you drive it out of the showroom, it's some of the most expensive minutes of your life. If you can avoid the allure of a new car, you're much better off financially with a certified used car. And, you'll be able to afford a nicer car.

I leased some cars when I was younger and consider it a mistake because you don't build ant equity. I think leasing really is only warranted if you can write it off as a business expense.

Excess mileage penalties are brutal. Lease payments can be attractive, but the loss of equity offsets that, IMHO.

Do your research. Check insurance rates as they are very high for the pretty and speedy cars. Lots of info out there on invoice prices and dealer incentives.

Dont fall in love with one make/model. There are lots of alternatives for almost any car or truck on the market.

Good luck.

[CigarNut]

Originally Posted by bobarian

Excess mileage penalties are brutal. Lease payments can be attractive, but the loss of equity offsets that, IMHO.

Do your research. Check insurance rates as they are very high for the pretty and speedy cars. Lots of info out there on invoice prices and dealer incentives.

Dont fall in love with one make/model. There are lots of alternatives for almost any car or truck on the market.

Good luck.

Bob is wise!

I would add: "know thyself": If you are prone to falling in love with a car before you buy, or you are interested in one of the pretty or speedy models then: 1) do your research beforehand and most importantly, 2) don't shop until you have the money to afford what you want...

Just my