trogg78
Footballguy
I just sold my 2016 Civic to pay off debts and bought a 2006 Corolla that my daughter drives. I put a new stereo with Bluetooth and backup camera in the Corolla. It's not very hard to do.
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Leasing a car with 650 credit score (1 Viewer)
- Thread starter SoBeDad
- Start date
@gianmarco
I recently ended my lease agreement 2 months early (I still owed 2 payments at $290 each). When I went to the dealer they "ate" those payments as part of my agreement of leasing my new car. (I put ate in quotations because I know they make up the money in other ways.) Anyway, I got a letter from Toyota that due to ending my lease early I am getting a check in the amount of $580 and sure enough I got it the next week. Ever hear of that before?
I recently ended my lease agreement 2 months early (I still owed 2 payments at $290 each). When I went to the dealer they "ate" those payments as part of my agreement of leasing my new car. (I put ate in quotations because I know they make up the money in other ways.) Anyway, I got a letter from Toyota that due to ending my lease early I am getting a check in the amount of $580 and sure enough I got it the next week. Ever hear of that before?
gianmarco
Footballguy
No, that's pretty sweet. You still ended up making those payments as the dealership took that money from somewhere in your deal so it works out.
mr. furley
Footballguy
turned my last car in and drove hard to get $700 trade-in. they overpaid by at least $3-400 for it
Desert_Power
Footballguy
How do you figure out which car you actually want though?
Ned
Footballguy
CletiusMaximus
Footballguy
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Insoxicated
My 2008 has Bluetooth hands free calling, backup camera, etc.
A $25 adapter plugged into the AUX Jack in the armrest gave me blue tooth audio.
You figure what class of car you want....truck, van, large SUV, small SUV, full-size/mid-size/compact sedan....your price range....your priorities....feul economy, luxary, storage, comfort, seating capacity, power, handling, styling, color....do a few Google/YouTube searches for reviews and rankings. That should narrow you down to 4 or 5 of the best models for you. Then look for deals or promotions and go test drive. That might narrow it down to 2 or 3 models. Personally, I would start watching places sucb as Auto-trader and look for deals on slightly used cars. The first two years have such a steep depreciation curve. Really a well kept car with 20k miles on it is as good as new but you can save at least 30 percent.
I was able to find the exact model and color I wanted, only 1-year old 1800 miles for 35% cheaper than new. It was thru a dealer so I was able to trade in. Probably could have got another $1k if I sold it myself, but I like ease of trade in and the value comes off the sales tax hit.
Last edited by a moderator:
brun
Footballguy
I did this once. Don't know if I got a great deal but it felt like a better deal than I was getting at the dealers, and it was definitely an easy experience. Probably worth making a couple calls.
I mentioned in an earlier post that circumstances can change (e.g. commute distance). One way to mitigate this risk could be to take over an existing lease that might have <1 year left. Then reevaluate.
