Ok, so my plan to buy a 2005 Mustang GT fell through. But it was bound to happen! So, I'm going to lease a car instead. I want something small, affordable and easy to drive. a 4-banger is ok, and I'd like a manual transmission!
I'm looking at the following: 2005 Toyota Corolla Sport 2005 Honda Civic 2005 Pontiac Sunfire 2005 Chevy Cavilear 2005 Ford Focus
Now I hate Hatchbacks, so the Civic and Focus will be sedans!
Those are my choices. 60mo lease. Basic model! I'm thinking of going with the Corolla Sport. Its such a nice car. What are your thoughts?
at 60 months, couldn't you just finance and own the car? then you aren't restricted to junk like mileage. you should also toss in the Scion tC in that mix. IMO, I feel teh tC would be a great choice, and is a much more solid car, even compared to the civic.
I wouldn't even touch the Cavalier. It is a model that has been replaced and will not have a good resale value at the end of the lease so you would be almost paying for the whole car and still not own it.
If you are looking to lease, find a model with a good historic resale value after the term of the lease. Most of the cars you listed however are ones you would think more about purchasing and not leasing (especially at 60 months).
I have no clue if the tC is available in Canada....hrm...might have to do some research on that one.... How much are you willing to spend on car payments a month (taking into consideration you also will have car insurance)?
I am not too sure about Canada, but I expect it to be the same as the US as far as prices. If that is the case, generally you can find good deals on the previous model year vehicles right when the new model year is released. Especially if there are significant changes. Otherwise, look around tax time, everyone tries to get rid of inventory around that time in the US otherwise, they pay taxes on the vehicles on the lot.
Fall and winter is a great time, because they're trying real hard to get all old models out of there ASAP. you should be able to get a pretty decent deal anytime in the second half of the year, since that is when next years models usually come into play.
I'd suggest putting as much as you can down, it saves you money in the end since you will have a small amount to finance.
btw, you scared me with your prices for a few seconds there, then i remembered you're in canada, haha. 500 a month for a corolla in the states would be highway robbery!
Ya I know, $10us will cover 3yrs worth of college in Canada! LOL just kidding
But ya.. I'm really hoping that I can get this car! I love it. Gonna maybe goto Toyota Town (toyota dealership here in London) and test drive one.. now, I bairly can drive stick, and that what I want... think I should still test drive a standard?
you're making a large purchase, take your time and check out all your options...you don't want to regret it, because that's an awfully expensive regret. Drive all teh cars you even slightly consider, try different models, make sure when you sign that dotted line, you know that you've pretty much exhausted every option you could think of.
yea, but dont buy a car you'd need to buy an extended warranty for. in other words, if youre watching ur budget, dont add costs like a warranty or a clutch to it. its not going to be covered under the warranty, its just normal wear and tear, and ifyou do alot of stop and go driving, having a manual can be cumbersome, and more stress on the car.
Well, I will be doing a lot of city driving. Infact, thats where most of my driving takes place anyway. I would like to get a manual because I find that they are a lot more fun to drive... And they cost less... usually
Don't lease... leasing is for fools. If it was really in your benefit to lease do you really think they'd be so damn gung-ho about you doing it? No.. now when you go in and offer to actually BUY a car, they're like... "uh, why not just rent one? That way we can just charge you to pay off all our depreciation and then take the car back and sell it again? " Don't be a fool.
Thanks! Now I just need to be approved for the financing! LOL But I'm wondering if I should get an auto or a manual. Manual's usually cost less, but auto's are easier to drive.... I'm up for a challenge, and I play lots of video games (got the hand, eye, foot co-ordination) so I should be good for a manual... Hmmm what to do?