Car leasing / financing in the U.S.
#1
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Joined: Feb 2009
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Car leasing / financing in the U.S.
I just moved to the U.S., no credit score. Any suggestions to who I should contact regarding leasing or financing a car? I have tried my bank and the dealership and they cannot help me because I don't have a credit score...
#2
Re: Car leasing / financing in the U.S.
Buy an old one for cash (craigslist) and start working on your credit score. Takes a few years to build a healthy score.
#3
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Re: Car leasing / financing in the U.S.
Read fatbrit's post again.
Last edited by meauxna; Mar 13th 2010 at 6:44 pm.
#4
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Re: Car leasing / financing in the U.S.
Yes, but what if you want a really nice car while in the states? I would rather lease the car I want and can afford on a monthly basis, than buy the car I can afford cash. Trust me, it would not be a nice car :-)
I just received a good offer on a brand new Lexus IS 250 from <company name removed> at 7.5% interest rate and just a little over US$ 1000 down.
I just received a good offer on a brand new Lexus IS 250 from <company name removed> at 7.5% interest rate and just a little over US$ 1000 down.
Enjoy your car.
Last edited by meauxna; Mar 13th 2010 at 6:44 pm. Reason: company name removed
#5
Re: Car leasing / financing in the U.S.
Yes, but what if you want a really nice car while in the states? I would rather lease the car I want and can afford on a monthly basis, than buy the car I can afford cash. Trust me, it would not be a nice car :-)
I just received a good offer on a brand new Lexus IS 250 from <company name removed> at 7.5% interest rate and just a little over US$ 1000 down.
I just received a good offer on a brand new Lexus IS 250 from <company name removed> at 7.5% interest rate and just a little over US$ 1000 down.
I would suggest Craigslist too. you can find really nice (pretty) cars for a lot less. Or got to Car Max and pay cash.
Last edited by meauxna; Mar 13th 2010 at 6:43 pm. Reason: company name removed
#6
Re: Car leasing / financing in the U.S.
Is that a lease or a purchase? Sounds like a crap offer either way, unless you missed some details off.
Last edited by meauxna; Mar 13th 2010 at 6:43 pm. Reason: company name removed
#7
Re: Car leasing / financing in the U.S.
you won't really build one with a lease, you will with a loan on buying a car though...and leases are generally pretty shit.
#8
Re: Car leasing / financing in the U.S.
Here you go: http://orlando.craigslist.org/cto/1080217501.html
Hardly run in at 100k.$4k and you'll probably get at least $2k if you sell it in 18 months. Car's cheaper than the gas and insurance. Why are you trying to kill yourself with a lease?
Hardly run in at 100k.$4k and you'll probably get at least $2k if you sell it in 18 months. Car's cheaper than the gas and insurance. Why are you trying to kill yourself with a lease?
#9
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Re: Car leasing / financing in the U.S.
Here you go: http://orlando.craigslist.org/cto/1080217501.html
Hardly run in at 100k.$4k and you'll probably get at least $2k if you sell it in 18 months. Car's cheaper than the gas and insurance. Why are you trying to kill yourself with a lease?
Hardly run in at 100k.$4k and you'll probably get at least $2k if you sell it in 18 months. Car's cheaper than the gas and insurance. Why are you trying to kill yourself with a lease?
#10
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Joined: Feb 2009
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Re: Car leasing / financing in the U.S.
Here you go: http://orlando.craigslist.org/cto/1080217501.html
Hardly run in at 100k.$4k and you'll probably get at least $2k if you sell it in 18 months. Car's cheaper than the gas and insurance. Why are you trying to kill yourself with a lease?
Hardly run in at 100k.$4k and you'll probably get at least $2k if you sell it in 18 months. Car's cheaper than the gas and insurance. Why are you trying to kill yourself with a lease?
I will rather pay the extra money and get a factory warranty, as I moved to the U.S. to build on my career not a car.
Thanks Fatbrit, but I am still looking for an alternative to my lease offer from <removed>
Last edited by meauxna; Mar 13th 2010 at 6:42 pm. Reason: company name removed
#12
Re: Car leasing / financing in the U.S.
Bob, just did some reseach after getting your reply. And it turns out that you actually get more "credit points" by having a car lease than a loan since:
"The reason is that leasing is considered by finance companies to be a higher risk than buying with a loan due to the fact that a down payment is often not required and that the outstanding amount owed on a lease nearly always exceeds the worth of the vehicle for most of the lease term, which is a result of low monthly payments."
From leaseguide.com
I also read another place that you usually have to have a better credit score to obtain a lease than a loan.
I would appreciate if anyone has an alternative to my only real offer so far on a lease through <company name removed>, whom I have found out, work together with Enterprise-Rent-A-Car so that they can deliver nationwide.
"The reason is that leasing is considered by finance companies to be a higher risk than buying with a loan due to the fact that a down payment is often not required and that the outstanding amount owed on a lease nearly always exceeds the worth of the vehicle for most of the lease term, which is a result of low monthly payments."
From leaseguide.com
I also read another place that you usually have to have a better credit score to obtain a lease than a loan.
I would appreciate if anyone has an alternative to my only real offer so far on a lease through <company name removed>, whom I have found out, work together with Enterprise-Rent-A-Car so that they can deliver nationwide.
Get a half decent car that you can afford and put as much down on the loan as possible on the first payment and then just pay minimums for 6 months and you'll get a better history than with a lease.
Last edited by meauxna; Mar 13th 2010 at 6:42 pm. Reason: company name removed
#13
Re: Car leasing / financing in the U.S.
Fatbrit, now that is funny. A 15 year old pimped car, I am sure that it has only had one owner and been driven by a nice old lady on sunny days. With cars like that I will either spend a fortune on maintenance, trash it af 6 months or end up working on it every weekend.
I will rather pay the extra money and get a factory warranty, as I moved to the U.S. to build on my career not a car.
Thanks Fatbrit, but I am still looking for an alternative to my lease offer from <company name removed>
I will rather pay the extra money and get a factory warranty, as I moved to the U.S. to build on my career not a car.
Thanks Fatbrit, but I am still looking for an alternative to my lease offer from <company name removed>
Saturn Ion, 34,000 miles, $6k
http://orlando.craigslist.org/cto/1070990635.html
Cheap as chips to insure and maintain. You'll lose more than that driving the Lexus out of the showroom.
Last edited by meauxna; Mar 13th 2010 at 6:42 pm. Reason: company name removed