Lease a car for college aged son

[Anonymous]

The car we've been letting him drive has blown the transmission. We've already poured about $7k into it, and its blue book value is barely $3,000. We think it's probably wiser financially to lease him something new.

We've never leased anything. What would be better? A Kia K4 or a Honda Civic hatchback? I prefer the Honda and husband prefers the Kia. The lease terms are comparable with the Civic slightly more per month.

[Anonymous]

Why does he need a car and why can’t he buy it on his own without a co sign

[Anonymous]

Why lease instead of buying used?

[Anonymous]

Is your son still in college? Can he go without car until he graduates?

If you have to lease, I vote getting the one that is cheapest. Include maintenance and insurance when you compute this. Your just renting so you should pay as little as possible.

[Anonymous]

Either skip a car or buy used.

[Anonymous]

Buy one, not lease. Let him test drive and decide.

[Anonymous]

Why does a college kid need a car? Answer: he doesn't. Let him graduate, get a job, and buy his own car if needed.

[Anonymous]

Anonymous wrote:Why does a college kid need a car? Answer: he doesn't. Let him graduate, get a job, and buy his own car if needed.

He commutes to college. Doesn't live on campus. All family members work in opposite directions and there is no good way to share on a consistent basis

[Anonymous]

buy a used honda or toyota

[Anonymous]

Anonymous wrote:

Anonymous wrote:Why does a college kid need a car? Answer: he doesn't. Let him graduate, get a job, and buy his own car if needed.

He commutes to college. Doesn't live on campus. All family members work in opposite directions and there is no good way to share on a consistent basis

I would buy it not lease it .

Honda whatever model is the cheapest or an equivalent Toyota not a Kia .

Civic is great choice .

Leasing is never financially a good idea.

If you do a five year loan to bring payments down he can finish them when he graduates. And then he has something if you lease it there is nothing

[Anonymous]

You can not lease a vehicle and let another person drive it like it’s theirs. Read the lease contract. It’s a long term rental, so rental rules apply.

[Anonymous]

I'd purchased a certified used car.

[Anonymous]

Leasing is never a good financial option. Buy a used car.

[Anonymous]

I would buy a used Honda accord or civic.

[Anonymous]

We got our son a 2015 Ford Fusion. He loves it.

Would never lease a NEW car for a College kid!