Car leasing
#46
Re: Car leasing
#47
Forum Regular
Joined: Jun 2007
Posts: 187
Re: Car leasing
If you lease you will be required to have comprehensive/collision insurance which may be a considerable amount per month, whereas buying a cheap used car allows you to just insure against 3rd party risks and save money.
#48
Just Joined
Joined: May 2010
Posts: 21
Re: Car leasing
Yes that's true, get a US license as soon as you can, when i got mine the insurance company bascially "priced" me up as a "new driver" even though i had been driving 15 years! Very expensive!
#49
Just Joined
Joined: May 2010
Posts: 21
Re: Car leasing
O one other thing, your $350 a month has to include tax/fees and all that other junk they will try and addon per month.. good luck.
#50
Re: Car leasing
leaving aside the issue of credit history, you also need to factor in the cost of buying insurance. Depending on your age, location, and whether you can find an insurance company that will take your UK driving history into account, you may end up paying way more for insurance here than you were in the UK. For example, when I arrived in the US I was paying $1900 per year for 3rd party F&T insurance (no comprehensive/collision) because I was living in Baltimore City and was under 30. That was in 1992 (!). Its a bit of an extreme example, but you get my point.
If you lease you will be required to have comprehensive/collision insurance which may be a considerable amount per month, whereas buying a cheap used car allows you to just insure against 3rd party risks and save money.
If you lease you will be required to have comprehensive/collision insurance which may be a considerable amount per month, whereas buying a cheap used car allows you to just insure against 3rd party risks and save money.