Elva Batie: What I would do is lease the car, and trade it in (for more than its worth by getting dealers to competitively offer) or finance it. Sounds like a good deal, but what is your residual? Try getting the dealer to lower your purchase price and get it closer to the residual value, you will owe less when financing it, and if you trade it in you may be able to get a bit more. If you have your money factor, and residual, head over to edmunds.com and plug your numbers into a lease calculator and make sure they aren't hiding anything, sometimes they'll hide some numbers and make an extra 40 bucks on you a month. Also make sure to shop around! The Jetta S is leasing for 199 a month with 0 at signing, which means 0 down, 0 everything. So with your 2k down it would probably be around 150-165 a month.If anything I would lease it and save half of the difference of financing it for each month for the duration of the lease. Then, take that and put it down when you finance it ! or trade it in, and either get a nicer and new car, or buy the car you leased with almost another 2k down for later.You should not have to pay any fees unless you turn the car back in versus trading it in. Some dealers have a lease turn in fee where you basically just hand the car back and thats it, and also comes along with fees for any excess wear and tear to their definition. Purchasing would only cost you the taxes that you have not paid yet, so if you pay 8k, and have to finance 9k, you should have to only pay taxes on 9k, because you already paid taxes for the 8 during the duration of your lease. I personally would also look around for certified pre-owned with a bumper to bumper warranty that kick in after the original warranty is out (as well as the low miles) many manufacturers offer. You may be able to buy the a certified car for less than the new one and with a few more options.For example Jetta s is 17k baseCertified se model with sunroof and leather seats with ! 20k miles and warranty up to 70k is only 15,500.Its also an ad! vantage because the previous owner paid most of the depreciation for you.Hope this helps!WHY are people such d*cks on here!?? Ramon- Your post was grammatically incorrect. Learn the proper use of a comma before lecturing others. The S is base, then there is SE, SEL, whatever. The more letters the higher trim. He is not wasting money on a top of the line trim. You're just another person who doesn't know anything about cars, but for some reason preaches away.He asked on YA because he obviously is not going to ask the dealer. The dealer would just recommend the most profitable way for them. By that logic, someone can ask another person instead of consulting YA but people do it because they are looking for a fast, easy selection of answers....Show more
Jasper Mangel: Before you go any further HOW MUCH ARE THEY CHARGING YOU FOR THIS CAR? What is the Interest Rate? You're first priority is getting the lowest possible price on the car. NEVER buy a car based on the monthly ! payment. If $280 a month is too much then you can't afford the car. It's just that simple.All a lease does is defer the bulk of the money due to the end of the lease terms rather than spreading them out evenly over 5 years. A total of $18,800 once you include the down payment.If you bought the car using a traditional loan at $280 a month the car would be yours in 60 months. You'd pay the same taxes, same fees as a lease.With a lease you defer the bulk of the money you owe to the end of the terms. At $189 a month you've only paid $6800 of that $16,800. You'd have to go out and get another loan and pay moreinterest to finance the rest of the $9995. So instead of 60 months at $280 you'd pay 36 months at $189 and another 36 months to pay off the $9995 balance. Yopu'd pay an extra years worth of payments and an extra years worth of interest if you did it that way.In the long run if you intend to keep the car beyond the terms of the lease a traditional car loan is the cheapest w! ay to buy the car. You trade the low initial payments for a lower overa! ll price. Leasing is the car industries way of driving a car that you really can't afford....Show more
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