Is buying a car with half the money a good idea?
I am looking into buying a 2013 Lexus GS350, however I only got half of the money required to buy the car. The price varies from $16,000 to $20,000. Is it a good idea to get the car with a down payment of $8,000 or $9,000 and pay the rest slowly? Or that's a bad idea?
Answers
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Put down as much as youy can afford, the more the better, then pay off balance as fast as you can
AlCapone
Sure, if you can quality for a loan -- are over 18 years old, have good credit, and have a verifiable full-time job. Don't forget insurance and maintenance costs.
Anonymous
you might be able to find a used one for a lot cheaper online from a private party.
thebax2006
Figure that at 90,000 miles you need the spark plugs replaced. That's a good $500 job. Offer $7000 and it might be a deal.
The Football God
That’s a 6 year old car with little to no warranty. But you know that, correct? My question is, do you have a 2-3,000 bank to pay for any repairs? They will pop up.
hi
If you can afford it then why not
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