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Buying a car question.....

Cars that you see advertised for 0 down or due at signing and $169 a month....Is that really all you have to pay is 169 a month or is there some catch to it. any info is great thanks looking to buy my first car but not sure how they work

Answer Question

Asked by Anonymous at 7:18 PM on Mar. 21, 2011 in Shopping

Answers (10)
  • The $169 a month is subject to credit approval, and takes excellent credit to get that.

    Answer by xxlilmomma09 at 7:19 PM on Mar. 21, 2011

  • USUALLY it's a lease and you have to have spotless credit. If you do buy a car, buying new is the way to go..if you have great credit you can get VERY low interest...used cars actually have higher interest so in the long run you end up paying more :) good luck!

    Answer by calliesmommie at 7:19 PM on Mar. 21, 2011

  • yeah,that's a lease amount

    Answer by butterflyblue19 at 7:20 PM on Mar. 21, 2011

  • Yes, for a lease, and as long as you have excellent credit and stay within the mileage restriction. Honda, Nissan, Ford, and a few other are having a 0 percent financing deal right now on new purchases, and if you get a great price, it might be worth it to buy a new one.

    I always have the best luck pre-negotiating with the internet sales departments . .. it pays to do your research so you don't get taken.

    Answer by ImaginationMama at 7:22 PM on Mar. 21, 2011

  • It isn't necessarily a lease that she is referring to. You can purchase used cars for a fixed amount each month, but you must have great credit.

    Also, make sure that you can get a great interest rate when purchasing a new car, or you will get screwed in the long run. I have NEVER purchased a new vehicle. I have always purchased good, used vehicles and paid cash for them. Don't get stuck with a high car note and end up being upside down on a loan.

    Also, do NOT finance a vehicle for 4-6 years. The best rates is usually 2-3 years.

    Answer by xxlilmomma09 at 7:34 PM on Mar. 21, 2011

  • Read the fine fine print - some will start out cheap like that for a couple years, and then have a huge balloon payment at the end. If it's a lease, you can't go over a certain amount of miles or you pay a certain amount for every mile over. That's really my best advice though, is read the fine print, ask lots of questions, and if you're buying on your own, or your s/o isn't to sure about it, take someone along who knows what they're doing in the car buying business, like a trusted older friend.

    Answer by Anonymous at 8:44 PM on Mar. 21, 2011

  • I will never lease another car, or buy another new car.
    We have bought our last 3 at Carmax and they have all been good cars for good prices

    As far as your question- you can get that but you have to have really good credit to qualify

    Answer by charlotsomtimes at 9:23 PM on Mar. 21, 2011

  • Sounds like a lease ~ avoid that like the plague.

    Answer by tasches at 5:19 PM on Mar. 23, 2011

  • That sounds like a lease.

    Answer by sherribeare at 11:00 AM on Mar. 24, 2011

  • Buy Privately. Buy Privately. Buy Privately. The dealers are VULCHERS!!!

    Answer by TwilightMack at 6:48 PM on Mar. 31, 2011

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