What Kind Of Car Should I Lease or Buy If I want a Payment Around 499?

Question

I want a nice expensive car. I want to lease one. I got a 700 credit score. What do you think I should lease or maybe even buy if i want a payment like that. With nothing down of course. Also let's say I have no trade. So we don't make things complicated.

Answer 1

BMW 3-series

Acura TL

Infinit G35

You could lease them for that or even less.

Answer 2

There are lots of cars that could be leased for that monthly payment amount. You didn't say much about what you wanted or liked. Here is a lease calculator that you can use to figure out what price car would get you a $499 payment, then go to a site like Edmunds.com and start looking for which cars are in that price range:

http://www.leaseguide.com/calc.htm

.

Answer 3

So...pay a ton of money for 2-3 years to...GIVE THE CAR BACK?

That's not the point of leasing.  Well, it shouldn't be.

Try again.

Answer 4

It is a good question.

I would suggest shopping around. The reason I say this is that the larger the upfront down payment someone puts the lower the payments.  I would simply look through inventory on sites like swap a lease, lease busters or Car Lease Depot and see which high end cars have the lowest payments. Then once you have found something you like you could take over these payments and thus avoid any upfront down payment and benefit from someone else's upfront investment.

This process is called lease assumption and also you would get a short term lease agreement, lower interest rate, no down payment(as mentioned above) and you can probably get a cash incentive offered by the person who is giving up their lease.

What do you think?