Looking to buy a car in aug/sept. Plan is to do 35% down but will still need a loan. Also trying to get a new CC so will applying for the CC now impact my chances on a loan? Credit score is mid 700.

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That depends on how long you want to keep the car. Buying at end of lease is probably the most expensive way to own a car.

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By chances I meant interest rates and such. I'm sure they'd be more that happy to give the money out.

What car?

If you don't have a ton of other liabilities you should be ok. I have bought a car a few years ago within days of getting a card. Did not really affect anything.

Car TBD.

Currently my liabilities are only one personal CC, fully paid monthly and a student loan.

They can ding you on the low number of accounts or shorter history... but all in all with a steady pay check you should be fine. Auto loans are not that difficult to get a decent deal on. Have a target rate in mind and.negotiate if needed.

Cash is king. Why put into a sunk asset that depreciates when you drive it off the lot. Lease the car for a low monthly payment, keep the cash, and then buy at end of lease if you want with cash yoi saved.

Lease the car...

Beg to differ. Total out-of-pocket cost is lower on a lease. Depending on residual value and if you buy out car with cash at end, it's almost a wash and you have kept cash in hand. Each their own based on situation

Try to wait a few more months til nov/dec. once new 2018 lines come out, 2017 models will be cheap.

Lease v Buy is definitely circumstantial. But I'm with D1 on this one. I generally think leasing is crap, but leases offer lower monthly payments so I can save up faster for a down payment on a house... which is an asset that will actually appreciate in value. gotta make your money work for you.

Well you can save up in the short term. After 4 years of owning my car.. I still have a car and my monthly payment is exactly $0 per month with no need to buy out or anything. Will be this way for some time till I decide to sell it and use that as down payment for my next car. Like I said it depends on what your planned length of ownership is. My APR was 1.9% and there is no way that a lease over my period of ownership will be cheaper. Most of the people who go for leases make the big mistake of focusing on the monthly payment without caring about the total buyout cost which is a major issue. Per month payment depends on the length of payment, APR, taxes, fees, down payment etc which are all variables that can vary hugely. Only thing that you can compare on is total cost of ownership over a period of time.

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