Well, after going through hell deciding on a TL over a G35 (What would you do/Part 1), it's now time to choose the finance or lease.

Basically I'm broke or no money to put down. I can easily mantain monthly payments. Most importantly, I want to KEEP the TL.

So what would you do? Lease or Finance?

 

I guess if I was broke, I would probably just get a Maybach.

 

If you already know that you want to keep it, then finance, finance, finance. There's some good Honda finance deals going on right now.

 

Too late on the 2.9%

 

Not broke at all. Just no money to put down at this point in time.

 

I hear ya. Just having fun. I'd wait until I had down money.

 

Agreed. If you really do have the money to make the huge monthly payments that you'll have without a down payment, then it shouldn't take you long to save up some money for a down payment.

A month or two wait while you save up money will save you a lot more money on interest.

 

Sounds good, only problem is, can't wait any more months. My current car, c230, is about to go over in miles and lease is almost up. So the time is now.

 

You think it's possible that with all these expensive cars (c230 - at least 30k or so) and the situation you are in with no money down (read: missed opportunities to save) that you shouldn't keep the habit of leasing these expensive cars?

With high payments month to month... you're just creating a vicious cycle of continually not having the ability to save for a down payment.

Sure, the TL is a car that can stir emotion but it will be around. Buy/lease an inexpensive car, save some money and make the nicer car (read: TL) more affordable.

I mean, this is just common sense. Don't get mad at me. I have a down payment ready.

 

Nicely said. I was thinking the same thing but now you look like the bad guy instead of me

This is all too common. Its called the Lease Trap. Once you get into it its hard to get out becuase you can never save the money for a down payment. Only way out for most people is to buy a cheaper car, which they don't want to do.