My advice?

"buy" a two year lease return with less than 20k mles on it for almost 1/2 the price it was new.

Go to a Credit union first, make sure you have a loan secured, then find a 2 year lease return.

Funny, just bought a MiniVan for the wife. The "Best" interest rate the dealer could get me was at 14% with a 750 FICO. Lending tree was a Joke....all offers in 15 minutes were higher than 14%.....that is not really an offer if you onow what I mean

Western Credit Union financed the loan for 4.74%........10 points lower than the "good" offer

 

i work at a financial institution, so i know where i'm going as far as financing goes, however, i'm wondering if it's worth it to lease first then buy a couple months in or to buy straight out if my lease price of the vehicle is 2500 less than the financing price

 

if you work at a financial institution, you should know how to do a cost-benefit analysis. get to it, rich boy!

 

^^^No ****, And Lease contracts usually have a formula whereas you are really hooked or upside down should you try to get out of the lease early.

AND usually the Residual value of a lease return is higher than what you can get a comparable car for on the open market. Almost all lease returns do not stay at the dealership where it was returned becuase GMAC, NMAC FMC etc.s residual value placed on a car is way higher than a dealer can get the same car for at the auction.

HELL, The Caddy dealership I used to work at would send a lease return back to GMAC only to buy it back two weeks later at auction for 4k less............

Here is who should lease. A guy with a large Corporation that is trying to keep a car note off his Debt column of his financial report. They used to come in an ask how much for the lease for two years.............$14,500...........Then they would right a check for the entire amount and we would see them two years later where we would do it all over again.........Some would even demand that the car be the exact same color so hardly anybody would notice that they were trading cars so often.

If you really are a poor college student a lease of a Brand new car is the worst avenue you could pick. There are no advantages for you.