Anonymous wrote:Dude, you cannot afford the car. But you know this.

+1

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Sounds like you can't afford it. We always pay cash for our vechicles.

Dumb.

If you can get a good rate, you're better off financing. Put your cash somewhere that will earn you a return.

Exactly. I didn’t put any money down have a loan at 2.99%, and put my actual cash in the market which is doing a “bit” better.

Depends on your situation:
1. if an EV and you are above the household salary threshold then you miss out on the $7500. Better to lease.
2. if you don't like cars older than 3-4 years. take the zero down lease put the down payment in an investment.
3. And some times with high interest like now the lease is a better option and you can buy the car at end of lease. And the buy price is negotiable. The 2.99 isn't offered at all the dealers and the going rate at the bank is 7%. The 2.99% ( and even at 0%) has a higher monthly payment than a lease.

So it depends.

If you plan to hold onto the car till it dies (like I do) then finance like you suggested.

Anonymous wrote:

Anonymous wrote:Sounds like you can't afford it. We always pay cash for our vechicles.

Dumb.

If you can get a good rate, you're better off financing. Put your cash somewhere that will earn you a return.

Exactly. I didn’t put any money down have a loan at 2.99%, and put my actual cash in the market which is doing a “bit” better.

My husband just signed a zero money down, $550 a month lease for 3 years on a BMW i4. Check out EV choices.

Anonymous wrote:You can get a car from Amazon now -- not a lease but you can decide how much you want as a down payment. You can change the down payment and the length of the loan. The affect that has on the APR really varies wildly by the car though.

You cannot get a car from Amazon. Private dealers are selling them on Amazon so you are still going through a dealer.

Anonymous wrote:OP here. Can you please tell me which ones you’ve managed to get zero down leases on? I have been unable to find any. It’s not about being able to afford it. It’s about not being sure which car I want and only want to try it for a couple years.

Did it with Tesla a year ago. Subaru several times before that over the past 5 years. And Honda, Toyota, and Lexus in the years before that.

Anonymous wrote:OP here. Can you please tell me which ones you’ve managed to get zero down leases on? I have been unable to find any. It’s not about being able to afford it. It’s about not being sure which car I want and only want to try it for a couple years.

It’s a car. You just…sell it.

Anonymous wrote:OP here. Can you please tell me which ones you’ve managed to get zero down leases on? I have been unable to find any. It’s not about being able to afford it. It’s about not being sure which car I want and only want to try it for a couple years.

Um, every car? It doesn’t matter what the advertised prices are, the sales / finance can do it and shouldn’t care if you do. Leases are all about money factor (interest rate), residual value (anticipated value at end of the lease) and purchase price. You can’t negotiate on residual value, and the leasing company (usually the finance arm of the manufacturer) sets the MF, though most dealers will try to mark this up. Purchase price is usually hard to discern because the dealer doesn’t want you to know this on a lease since most people are only focused on monthly cost and amount down. But it’s all math.

Go to leasehackr and start reading up.