No money down car purchase?
October 2, 2006 10:57 AM Subscribe
A friend wants to lease a car with very little, or no, money down...
posted by jcwagner to Travel & Transportation (8 answers total)
She wants to minimize her current cost of owning the car, hopefully having a low lease or purchase payment and not much money down.
As an aside, we're looking at mostly new cars under $14k, and she probably wants to buy American, so that kills the cars I would reccommend. She's not too concerned about the car attributes of the car, so an Aveo or Cobalt looks like a possibility, since she can get the GM discount. And we have talked about buying used, which is also a possibility.
However, I'd like to present some other options to her, so can you tell me what car companies have available good purchase or lease rates right now such that buying an already cheap car would be easy to do without any a significant down payment? Is there a site that summarizes available finance and lease terms from different car manufacturers? Should she look into getting financing from her bank or credit union?
We're in Chicago...