How much would it be in your opinion?

Question

I want to finance a 2006 Honda Accord.I am 20 years old.I don't have any credit. How much would you think it woud cost to finance or lease? Thank you? In your own opinion?

Answer 1

$17,725 car purchase price

plus tax, title.

amount to be financed $18,567

$369 a month for 60 months

Answer 2

Financing with a loan is really your only option. Although it is possible to lease a used car, it is not very common and it is difficult to find a lease company who will lease used cars.  Furthermore, both loans and leases require established credit. Your best bet is to save up enough cash to get a good "starter" car and work you way up to better cars as your finances and credit improve.

Answer 3

You probably want to stay away from leasing a 06 accord. Used cars don't make good leases because residual value is difficult to determine, so your payments would be difficult to determine. At 20 yrs old, it may be harder to lease than it is to buy, with little or no credit. You should have at least a job, a cosigner or both.