Automotive

Help me to pick a new car?

  • Last Updated:
  • Oct 12th, 2018 10:20 am
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[OP]
Newbie
Oct 5, 2018
10 posts
1 upvote

Help me to pick a new car?

Hi guys,

so I am planning to switch to a new car soon, I am currently having a temporary car (2014 CRV my fiance's, she doesn't use it much so I drive it to work with it), I was previously leasing a 2016 honda accord and returned it last month...

my budget:
350 - 400 for leasing/financing
plus
5000 - 15000 down payment

I am considering:
1. Lexus IS300 ( somewhat within budget for a 48 month least, but the insurance is about 30 dollars a month more for me and 20 more for my SO)
2. Audi A3 (much cheaper than IS300, but the same insurance trade off)
3. Lexus NX300 (lower insurance, but a bit out of my range)
4. Infiniti QX30 (lower insurance, affodable relatively to NX, didn't like it after test drive)
5. Acura ILX (super afforadble, not much different than a honda accord, slightly higher insurance)
6. Lexus UX200 or 250h? (ugly looking, but fits my needs, could be affordable and lower insurance)
7. Enlighten me!

Thank you !!
11 replies
Member
May 22, 2007
405 posts
114 upvotes
Mississauga, Ontario
Based on those options, I'd save the money and keep the crv. Buy some time and save and in 2 years time there will be several other options.
Deal Expert
User avatar
Jul 22, 2006
21362 posts
2232 upvotes
Try to be a single car couple until December
Deal Addict
Apr 24, 2014
1016 posts
401 upvotes
Keep the CRV and wait it out for MY2019's.

I see you listed an Audi A3, have you considered a Volkswagen Golf or GTI? They have pretty attractive lease offerings.

Also, do not put a down payment on a lease.
Deal Expert
Aug 22, 2011
23684 posts
10104 upvotes
Ottawa
Lease another Accord?
Deal Addict
Jan 8, 2007
2126 posts
635 upvotes
Calgary
Never put money down on a lease. Makes no sense whatsoever, unless it's a deposit to lower the interest rate.
Deal Addict
Apr 24, 2014
1016 posts
401 upvotes
aleks wrote:
Oct 11th, 2018 10:41 am
Never put money down on a lease. Makes no sense whatsoever, unless it's a deposit to lower the interest rate.
To add to this, the deposit is called a multiple security deposit which reduces your lease rate when you add additional refundable security deposits, which you get back end of lease if you don't incur any extra charges for overage, damage, etc.
[OP]
Newbie
Oct 5, 2018
10 posts
1 upvote
Thanks guys.
I used to lease a 2016 honda accord with a 3750 security deposit to bring the interest from 1.99 to 0.99.
Now that my SO is busing to work every day and the winter is coming, so I figure I or her do need a new one.
I do appreciate the advice on never put down payment on a lease. that's definitely something I will need to remember.
Deal Fanatic
User avatar
Jul 12, 2003
9375 posts
1923 upvotes
Markham
Your finance already have a SUV, then I would get myself a nice sport sedan.
If you are leasing anyway, have you consider C300/330i/A4?

Since you are willing to put down up to max 15k downpay, mean that you can literally afford something about $700 tax in.
400/m X 48M + 15000. The total divide by 48m = $712/m is your budget to spend to lease a new car for the next 4 years.

With that amount per month, you can get a nice Euro sedan with a good pkg, 0 down 48m within 700/m
Retired Forum Moderator February 2009 - June 2015
Member
Dec 5, 2007
456 posts
24 upvotes
Hamilton
hybrid09 wrote:
Oct 11th, 2018 10:32 am

I see you listed an Audi A3, have you considered a Volkswagen Golf or GTI? They have pretty attractive lease offerings.

Also, do not put a down payment on a lease.
This.

I was in the market for a new car, always wanted a GTI and finally went for it. My wife drives an SUV, that's our family car. No point in having 2 family haulers. Get something you'll enjoy driving.

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