Down Payment
Jun 18, 2005, 01:55 PM
#2
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If you lease, you cannot mod the car as it does not belong to you. You also have strict mileage limits in a lease.
In terms of a downpayment, the dealership will usually let you put down as much as you want. Just make sure you don't finance the sales tax and fees. I would say at a minimum you would end up putting down 3K, but try to do as much as you can afford.
In terms of a downpayment, the dealership will usually let you put down as much as you want. Just make sure you don't finance the sales tax and fees. I would say at a minimum you would end up putting down 3K, but try to do as much as you can afford.
Jun 18, 2005, 02:03 PM
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Don't lease, all dealers have HORRIBLE leasing program because they all want you to buy. Doesn't really matter how much down payment you want to put in, of course more down = less monthly, I put down 5k on mine. Make sure the dealer doesn't play number games with you, do NOT buy if the sales person give you a price and a payment plan up front, those are always scams.
Jun 18, 2005, 02:22 PM
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i think dealers would want to lease cars more then selling them...they make the money on the lease then they get the car back with low mileages and in great shape and sell it for a good profit...... to me it seams like they would make more money that way
Last edited by djmikeymike; Jun 18, 2005 at 02:31 PM.
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Jun 18, 2005, 02:34 PM
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just put down tax and license...you don't want to finance that because it will build interest through the terms of the loan. Just remember that the more you put down less your monthly. Less you put down mre you monthly. So realistically put what you could to keep you in that buget you could afford and that you have enough to mod!!!
Jun 18, 2005, 02:42 PM
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Financing
You should put down just enough so that the remaining cost does not exceed 1/2 your annual salary.. Thats the general rule for buying a car .. atleast thats what people in good financial standing do.. If the cost of the car is more than what you make in a year then you are way over your head
Jun 18, 2005, 02:59 PM
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i put down 5,000 + i payed the tax and all fees when i purchased instead of financing them.
i wouldnt lease the evo due to the type of car it is. IMO, i wouldnt lease anything. ide rather pay to keep the car at the end rather then have to give it back or pay a buy out at the end of the lease.
i wouldnt lease the evo due to the type of car it is. IMO, i wouldnt lease anything. ide rather pay to keep the car at the end rather then have to give it back or pay a buy out at the end of the lease.
Jun 18, 2005, 05:15 PM
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The amount of money you put down should depend on the interest rate you get for the loan. If you can get a loan for 3-4 % interest then put nothing down and invest that down payment instead. If your credit does not allow you to get the best rates than put as much as you can down ~ 25% would be a good start. Also, if you are just trying to get the lowest payment for a budget then I would go with option 2. IMO
Jun 18, 2005, 07:27 PM
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^the best advice
The amount you put down depends on what financing (length and rate) you want. You haven't told us what monthly payment you can afford. Go try the financial calculators at AAA.com, eloan.com, edmunds.com, etc.
Does
even offer Evo leases? It seems doubtful to me, because of the way Evos are treated. I haven't heard of anyone leasing one.
The amount you put down depends on what financing (length and rate) you want. You haven't told us what monthly payment you can afford. Go try the financial calculators at AAA.com, eloan.com, edmunds.com, etc.
Does
even offer Evo leases? It seems doubtful to me, because of the way Evos are treated. I haven't heard of anyone leasing one.