It is the classic dilemma that faces every auto-consumer out there: Pay cash upfront or forego the ownership and pay monthly settlements instead? Buy or lease for a new set of wheels?
As is the case with every other common dilemma, there is no slam-dunk answer. Each option has its own benefits and drawbacks, and it all depends on a set of financial and personal considerations.
First consider your finances. Affordability is clearly the key, and you need to ask the question of how stable is your job and how healthy is your general financial situation. The short-term monthly-cost of leasing is significantly lower than the monthly payments when buying: you only pay for “the portion” of the vehicle’s cost that you use up during the time you drive it. If you have a lot of cash upfront, then you can opt to pay the down payment, sales taxes – in cash or rolled into a loan – and the interest rate determined by your loan company. Buying effectively gives you ownership of the car and that feeling of “free driving” that goes on providing transportation. If, say, you want to get into luxury models but can’t afford the upfront cash of purchasing the vehicle than you’re a good candidate for leasing. Unlike buying, it gives you the option of not having to fork out the down payment upfront, leaving you to pay a lower money factor that is generally similar to the interest rate on a financing loan. However, these benefits have a price: terminating a lease early or defaulting on your monthly lease payments will result in stiff financial penalties and can ruin your credit. You need to make sure you carve out the monthly lease payment in your budget for the foreseeable future, at least for the duration of the lease.
Besides the financial aspect, making a buy or lease decision depends on your own particular lifestyle choices and preferences. Think about what the car means to you: are you the sort of person to bond with the car or would you rather have the excitement of something new? If you want to drive a car for more than fives years, negotiate carefully and buy the car you like. If, on the other hand, you don’t like the idea of ownership and prefer to drive a new car every two to three years then you should lease. Next, factor your transportation needs: How many miles do you drive a year? How properly do you maintain your cars? If you answer is: “I drive 40,000 miles a year and I don’t really care much about my cars as I don’t mind dealing with repair bills”, then you’re probably better off buying. Leasing is based on the assumption of limited-mileage, usually no more than 12,000 to 15,000 miles a year, and wear-and-tear considerations. Unless you can keep within the prescribed mileage limits and keep the car in a good condition at the end of your lease, you might incur hefty end-of-lease costs.
A schoolmate of mine came to class one day complaining of the public commute. He complains about the daily jostle during rush hour, and the long queues especially during inclement weathers. Due to his parents limited financial resources, he can only dream of owning an automobile, until somebody suggested he could own one by availing a student auto loan.
He hesitates to purchase an automobile because either he has poor credit history or he has none at all. He didn’t realize that histories could improve just as long as the payment is regular and on time.
There are financial companies that service student auto loans because they are secured type of loans. Not only they make money on interest payments but also they consider the automobile as an asset they can obtain once a borrower defaults.
Student auto loans may differ according to one’s credit history. Lenders may give low interest payments to those who have good credit rating while it may require a co-signer with slightly higher interest rates to those who have poor or bad credit history.
Student can avail of automobiles directly from authorized dealers and they are willing to structure payments that are light and easy on the borrower. They would take into consideration the student’s income and allowances so that the borrower won’t be on pins and needles when payment is due.
A lot of lenders realize this and are very much willing to take a chance on students working very hard to improve themselves and their education. Lenders are also willing to lower their standard approval requirements making it a lot easier and convenient for students to obtain necessary loans. Some are even willing enough to approve applicants who may seem to take risks in order to prove themselves worthy.
Now do not hesitate to get a student auto loan just because you don’t have a credit score. Being employed can also help in increasing your credibility in availing loans. Always keep in mind that there are financial establishments who are willing to help you. You just have to be sure to that you know how to manage your personal finances so that you won’t end up without a car.
If you are looking for a good deal on a car, you may want to go and get a pre-approved loan. It can save you time and money with these types of auto loans, mainly because the car dealers will be happy to see you already have cash on hand. Here are the important things you need to know about a pre-approved auto loans.
A pre-approve auto loan means you are qualified for a specific amount of loan even before you start shopping for your car. You exactly know how much you can spend and how much the interest rate is. It is pretty much the same with a pre-approved mortgage when buying a house.
It is good to know in advance how much of an auto loan you are going to get. This will help you save time in searching for a car because you will know what you have to work on. In addition, you can also save money by knowing exactly what charges apply immediately.
In pre-approved loans you will be given a blank check with a certain credit limit after filling-out the application. With a check in hand you can already look for the car of your choice.
But before signing anything in your check, it is a good idea to find out the value of the car you plan of buying. Referring to the Internet is the best way to find out the value and asking price of your car. Having a check in your pocket may be a great deal but you have to stay informed on the value of car you want.
By getting pre-approved for a car loan, you can allow yourself a great deal of flexibility and savings before you start to shop. Furthermore pre-approval puts you in the driver’s seat by excluding the pressure and the expense of dealer financing. It can also help you avoid having to come up with a large down payments and sacrifice on dealer rebates or discounts. The best thing about this is you know exactly how much you can spend even before you visit the dealer.
The Mazda Miata was unveiled in July 1989 at a car show in Chicago. The car was available for sale as a 1990 model with a retail price of $13,800. There was a hardtop made from reinforced engineering plastic for the early Mazda Miata.
The Mazda Miata is actually known by multiple names. In Japan, the Mazda Miata was called the Eunos Roadster. This car is also referred to as a Mazda Roadster.
I visited the eBay Motors site to see what Mazda Miata cars were available for second market sale and found one priced with a Buy It Now of $8,995. The seller paid extra in listing fees to make this a featured listing, but it has yet to get a bidder.
There are currently eight bids on a Mazda Miata MX-5 LS. The Buy It Now for this Mazda Miata is $6500. The seller is in Dallas, Texas and one other vehicle listed currently on eBay Motors.
I liked the yellow color of the Mazda Miata being sold by an eBay seller from Stafford, TX. The seller has 30+ photos in a photo gallery that is linked to from the main auction listing. The wheels look really fancy and I could actually see myself in this cute little yellow Mazda Miata.
The most expensive Mazda Miata on eBay Motors right now is a 2010 model. The car has a manual transmission and only 3124 miles. This Mazda Miata is a really pretty blue color with a black interior. The Buy It Now price for this Mazda Miata is $25,800.
I randomly narrowed my search for Mazda Miata cars by adding the term blue to the search. There are only two Mazda Miata cars that are listed on eBay right now that are blue. One of the blue Mazda Miata cars was a navy blue and the other one can only be described as electric blue.
Some people are thought to make up for some other flaw in either their psyche or physical prowess with an automobile as extensively laid out like the valuable sports car, an item that some would argue also brings negative connotations to a person’s masculinity by way of personality quirks, and can have a bad reputation at some points as well as become a rather interesting collectable in the right hands. A driving experience should be nothing less than something appreciated as an action like that should be, articulated by the best of automobiles and other items that reflect that appeal, but sports cars don’t necessarily deserve the generalizations or stereotypes that these automobiles have been given through the few years they have really been around.
To those that read into more than just surface notions about the sports car and the various types there are, they might research the idea before ever approaching the topic seriously through the library information, or supplemental material that the company might send to even getting in touch with the manufacturers directly through a website they might oversee. The sports car was originally designed for primarily for performance driving, though may critics differ about the exact definition, and most seem to be similar through such closely related features as rear-wheel drive with two main seats and doors, though also such details as handling, acceleration, and a predisposition for being sleekly designed.
The performance of a sports car is said to be of a high measure whose standards vary from maker to maker, but with specific distinctions from other models of cars in their emphasis on road holding, braking, maneuverability, low weight with power rather than comfort, and a strong regard toward the concepts of passenger space and economy in recent years. The driving performance is always of key value in the creation of a sports car of worth, the choice of which is very large with a spectrum ranging between such makers as Ferrari and Lamborghini, and it is an exceptional thing be able to afford and to flaunt amongst others.