User Power
Value/Post Ratio
239%
- Mar 25, 2014
- 673
- 1,611
I'm living at home with my parents, 23, working a slowlane job in sales and working on my fastlane when I'm not at work. I have been lucky to not need a vehicle for the first year out of college as I could drive my parents being an only child, however I will need a vehicle for myself by April.
I'm not trying to tie myself down with a long, high car payment especially with student loans to my name already and get further stuck in the slowlane.
I could save up for an older car, $5k or less, pay outright and own it and then drive that around.
And my last option is to lease. Seems pretty attractive. I'm wondering if anyone has a fastlane perspective from it - I mean monthly payments of $100-$300 seems doable for 3 years, won't be tied down, and I'll be in a better spot financially in my mid 20s to buy a car outright with cash. The low monthly payments of a lease seems attractive because it will leave me with plenty of cashflow to infuse into my fastlane without the shackles of a full blown car loan, or an unreliable car which may need maintenance.
I've done my research but interested in from a fastlaners perspective looking at someone who is 23 and living at home still soon in need of a car - is leasing a viable option?
I'm not trying to tie myself down with a long, high car payment especially with student loans to my name already and get further stuck in the slowlane.
I could save up for an older car, $5k or less, pay outright and own it and then drive that around.
And my last option is to lease. Seems pretty attractive. I'm wondering if anyone has a fastlane perspective from it - I mean monthly payments of $100-$300 seems doable for 3 years, won't be tied down, and I'll be in a better spot financially in my mid 20s to buy a car outright with cash. The low monthly payments of a lease seems attractive because it will leave me with plenty of cashflow to infuse into my fastlane without the shackles of a full blown car loan, or an unreliable car which may need maintenance.
I've done my research but interested in from a fastlaners perspective looking at someone who is 23 and living at home still soon in need of a car - is leasing a viable option?
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