Quote:
Originally Posted by Ray paulsen
You think you are still registered ? if you are then take the car back and find affordable transportation for mom is just one avenue that may work.
You thinking lease - I don't have a clue what type budget " payments " you are thinking, but can tell you a 2 year lease is considered short term and very costly.
Sure you can go in on your mothers Insurance " but " the moment there are 2 cars involved you will not benefit.
It's kind of hard to submit a valid answer to your Q,,, but if you care to pursue this Q further, answer following.
1,,, When you think lease for 2 years instead of purchase or finance, I am interested as to know what made you arrive at that decision ?
2,,, What kind of payments would be within your budget having a 2 year lease ?
3,,, How is your credit rating ?
4,,, Have you got any funds towards a vehcle at this moment ? if so , how much ?
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Well, I only need the car for two years and buying would equal years of payments. If I can lease for around $200 a month (Honda is having a special) that would be less or equal to monthly payments of purchasing, but without the longterm obligation. I have some savings, but I will need them for other things. I want to do $0 down or an extremely low down payment. I worry about locking myself into a lease, but I worry more I will buy some sort of used car and then it will break and I will pay hundreds in repairs.
Basically this is the situation currently: my mom found a Honda Civic for $224 a month fortwo years with $500 for the cost of registration, plates, etc. I would take the 2007 Ford Focus I used to own and my mom would drive the leased car while I make the lease payments. I'd also go on my mom's car insurance, which I think I am still on. The cost would just go up with the second car. I told my mom to ensure a warranty covers the full lease term. I just need a car but don't want to spend a lot. I'm going to drive this car across country with all my stuff so I want to be safe, too.