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2013 Acura RDX (wife's), 2007 Volvo S40 (when daughter lets me see it), 2000 Acura TL (formerly son's, now mine again), and new Jetta SE (son's first new car on his own dime!)
Moderator, Prices Paid and Leasing Experiences
2013 Hyundai Elantra GT / 2010 Mazda CX-7 GT / 2014 MINI Countryman S ALL4
I am going through this debate with my son now. he graduated recently from college, and is working on getting his 1st permanent job. If that happens, he is ready to get something newer than his 14 YO 172K Acura. and of course, wants something nice, so no strippo Accent or some such.
but typical recent grad, decent income (cashflow) but little to put down. so he either takes a 5 year loan, cleans out his bank account and $400+/month payment, or a sign and drive lease for less than $300 that conserves his funds.
even a few year old car can be expensive enough that, if you keep a loan to 3 years (no way doing more than that on a 2009/2010), you can still be at $400/mo if you have little down.
so, a subsidized lease to start, and save some money on the side. Next one can be a buy.
Dealers get the same amount of money... click on the link and read the page to get the real "leasing vs. buying" facts
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