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When buying your first new car....

Discussion in 'Reality Check' started by Tweety, Sep 6, 2004.

  1. Tweety

    Tweety
    [OP]
    New Member

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    is it better to go with a lease or bank loan? Is it true that when you lease you have more coverage under your warranty if something breaks?
     
  2. bossman

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    I bought my first car with a bank loan

    U can also do it with a lease. They will cover a bit more with a lease for the matter of fact that they know the car itself has a chance of returning to them. So by them not fixing it right away they will have to fix in the long run
     
  3. AcidGord

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    If you qualify for a sufficient line of credit that option is best. Gives you a much better rate than a bank loan. You have to have good credit/collateral though.
     
  4. r6bikerchick

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    Depends on whether you want to have a car at the end of it or not. Unless you get an option to purchase, but the buyout usually isn't as attractive as buying it straight out.

    If you're a student, get a parent to co-sign a student line of credit and enjoy low interest rates.
     
  5. SPOONIN

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    whatever you do..dont goto PC Financial
     
  6. Chris

    Sandbar..anywhere better?

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    you have complaints on no fee banking....??
     
  7. Killercod

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    whatever you do dont do it through Trans Canada Credit or House Hold Financing ... PURE EVIL
     

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