Leasing commuter car

Hey everyone
I need a commuter car. I work in a school In bayside and park on the street. Literally wouldn’t use it around here other than running an errand or two cuz we have three kids and use our pathfinder otherwise. I’m really hoping to keep the monthly cost down , like 150

What kind of car is in that price point

I was thinking Altima but man times have changed and they’re all jacked up with technology etc and they’re so much more money

Are Sentras safe?
Accords?
Camrys?

Thanks for any suggestions

Leasing commuter car

Not sure you would find anything in that price range. Definitely not a Honda or Camry. Try a stripped down Kia maybe. And you will need at least 12k miles

Leasing commuter car

And accord or a Camry will be more. You should look at Corollas, Civics or Elantras but they would be most likely more than $150...

Re: Leasing commuter car

Hyundai Elantra. It would have to be a stripped down base model to get close to that price

Re: Leasing commuter car

Re: Leasing commuter car

You are going to have to put a decent amount down to get $150 a month on any car. For a three year lease most cars have a 55-60% residual. At $150 an month you are spending $5400 for the lease. And at that residual with zero down you are only getting a 14-15k car for that. And that doesn’t include sales taxes and all the other fees that come with leases.

So just look for cars with MSRPs under 16k. Personally with that budget I’d buy used. Leases also may not work due to mileage driven. Look for a used Kia or Hyundai. The Kia Soul is a very underrated car if you can get past the look of it. I always said that would be my “commuter car” if I had to buy one.

Leasing commuter car

I would also avoid Honda and Nissan. High theft cars especially if you are in queens.

Re: Leasing commuter car

My DH leased a Kia Forte once but even that was $175/mo.

Re: Leasing commuter car

What about buying certified pre-owned ?
This way you don't have to worry about mileage, depending upon how far you have to drive every day.

Bayside street parking SUCKS. I live there, and thankfully I have a garage and an on site parking spot at my co-op.

Leasing commuter car

When I looked at an accord it was like $500 a month. So that’s def out.

We were car shopping less than a year ago and nothing was nearly that cheap.

Leasing commuter car

I agree with everyone else, you won't find anything that cheap to lease. I would buy a used car.

Re: Leasing commuter car

Yeah. I was obviously completely delusional

Sorry but thanks

I also forgot to mention that I have a car that id be selling to help offset the cost a little

That’s what I get for posting Before I’ve had any coffee

Leasing commuter car

My sister leased a Mazda 4 years ago for about 165 a month? Or what about a Nissan Sentra?

Leasing commuter car

My sister leases a 2018 Toyota Corolla for 185 a month. She put 3,000 down.

Leasing commuter car

My BIL leased a Honda Fit for about 175

Re: Leasing commuter car

I would not put anything down on a lease. Contact an auto broker. You provide parameters and they search and negotiate. I am working with one now that someone from this site recommended. FM if you want details.

Leasing commuter car

I would download the Honcker app (I feel like I should be collecting a commission from them given how much I say this). Seems to be the best deals.

Re: Leasing commuter car

mybro just leased a ford ecosport using $4k down (he had a car to sell) his payments are under $200 per month

I don't know all the specific but the one he leased has all the bells and whistles too at that low price. May be worth looking into.

ETA: He lives and works in Brooklyn. It's small and fits into those tight parking spaces

Message edited 12/14/2018 4:22:43 PM.