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I went to a few dealerships to buy a car and they said I didn't make enough each month to buy one. Is leasing a car easier than buying one? Just a thought. Thank you.I can't get a loan either because of my monthly income and no one will co-sign for me. I have seen rates for leasing and they are alot less than buying.
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When you lease a car, all you are doing is renting it. You will have nothing to show for all of your payments at the end of the lease. Take out a car loan. Have someone co sign if necessary. With leasing, you have all the disadvantages of car ownership but none of the benefits, because you don't own it. Been there, done that, don't recommend it.
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Leasing is much the same as buying in that they will be running a credit check. If you don't qualify for buying a car through a dealership, you will have a difficult time getting a lease as well.Remember that you can always try getting financing through your bank and even through your insurance company (State Farm offers financing!) and dealers don't like financing people with little or no credit because they won't make as much money on the mark up of the rate they are getting from their bank! Think of it like this- they are getting a rate to finance you and then adding points on it so they make more money. If they can't add points, they will say that you don't qualify.You could ask someone like a parent or friend to co-sign for you and their credit will be used but that can ruin a relationship fast if you do anything to negatively affect their credit line.Good luck!
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