$100 or less Monthly Car Payment
If you’re shopping with a tight budget, low credit score, or for your commuter car, it makes a lot of sense to look for a lease deal with monthly payments under $100. It simply may not be possible to purchase anything decent with only $100 available for car payment, but if you look around for a lease deal you may be able to find less than $100 a month leasing on an entry level vehicle. The lease terms and interest rate may vary, and so will your sales tax depending on the vehicle price, but it’s fully possible for you to find a brand new car that fits your needs, and that you love to drive and show off while staying completely within your monthly budget.
Why is it hard to find a $100 lease deal common?
When you enter a lease, the lease terms are essentially dictating that you will only pay for the depreciation of the vehicle over time rather than the full cost being factored into the car payment. So if you have a lease term of 36 monthly payments (3 years), you need to find vehicle that: will depreciate less than $3,600 hundred over the 36 months, has a low interest rate on the lease deal, and has very low fees in the lease terms so that your payments average out to less than $100 a month.
How to find a $100 a month leasing
Your best bet for finding a vehicle with low monthly payments is to find an entry level vehicle which will depreciate slowly. Because your lease terms are to only pay the depreciation, if the vehicle depreciates less than $3,600 over your 36 monthly payment period then you are closer to the magical $100 number you need in monthly leasing. Some vehicles that we have found that hold their value like this include the the Hyundai accent and the Honda fit.
Lease Deal on the Hyundai Accent
The Hyundai Accent is a front wheel drive entry level sedan which has the option for manual transmission (more money saved!). The interior has ample sized seats, the tech features are top notch, and the onboard entertainment system is fully modern. As the older models of this vehicle begin to crowd the lots of dealers looking to stock fresh inventory, you can likely find a great lease deal for the Hyundai Accent – and even benefits like no credit score check or the dealership covering your sales tax
Lease deal on a Honda Fit
The Honda Fit is a very highly rated entry level vehicle. While it comes in a very small form factor, the interior feels roomy and spacious with a large cargo area. The fit is typically front wheel drive, and also comes with a manual transmission option. It is a bit loud on the highway, but sometimes concessions have to be made for a lower car payment. The Honda Fit, as a result of its badge, isn’t likely to depreciate quickly and will keep your monthly payments low. The low total vehicle price and fuel economy (especially with manual transmission) can ensure that both your sales tax and monthly payments for operation stay low.
Best Lease terms on Other Vehicles
As shown by our examples and introduction, to keep your average monthly payments under $100 you will need to make some concessions and purchase an entry level car whose total price keeps your sales tax figure down. This overlaps heavily with the segment in front wheel drive entry level manual transmission vehicles – learning how to drive stick could save you thousands on the vehicle, and on gas and maintenance. If you have a good credit score, you should be able to find a low interest rate on your lease terms, and if you can find a vehicle which the dealer is looking to move off the lot you can potentially get a great lease deal. Shop around, find something that can meet the needs of you and your family, while also hovering around the $100 monthly payments budget. Have a look at the Hyundai Accent and Honda Fit to give yourself a good idea of what you should benchmark other entry level vehicles against: While you may have to give up some luxuries for the lower car payment, you should be able to find a vehicle that stands out in some quality level like interior space or the entertainment system.
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Hey, my name is Dan. They used to work at the biggest dealership in the country and now I teach find folks like you how not to get f•••ed when buying a car. Now, in this video, I want to talk to you about how to have the lowest possible monthly payment. Preferrably one hundred one hundred and twenty dollars a month, or even better lower than that. We’re gonna go over a few different vehicles and I’m gonna show you how I do it and how I teach my students to do it. So first we’re going to pick very simple car, nothing fancy. Honda Accord, Turing original price for this car was thirty three five. I can buy it right now in 30 seconds worth of research. This is not actual real research that I would do. I just hopped into auto trader and I found this car in first 30 seconds. That’s it. Zero research done. We can buy this car for nineteen thousand dollars with twenty three thousand miles. Pretty good deal. This is top of the line, Honda. After we drive it for four, five, six years, we’re going to end up with a car costing somewhere around fourteen thousand dollars and having eighty five thousand miles. So I know for sure I can sell it for fourteen grand with a five thousand miles because on the Internet. Ships are selling it for even more. So more miles, higher price. I can sell my car for less with less miles. How long do you think it’s going to take me to sell that car? An hour. Half an hour. I can throw it on Craigslist for that price with that many miles. The car is going to sell within an hour because it’s a good quality car for a low price with low miles. So nineteen thousand dollars minus 14. What we ended up with five grand. Five grand. Divided by how many months we owned it.
Let’s say we owned it for 60 months. Right. For five years. Five thousand divided by 60 months. That’s eighty three dollars a month. Why would anybody go out and buy this thing? Brand new. Somebody paid over thirty three thousand dollars for this car. I came in, scooped it up for half the price, drove it, enjoyed their car for five years. And by the time I was done with the car, my monthly payments were eighty three dollars. You can’t even the rent a f•••ing hotel room for eighty three dollars. You can’t even make a couch payment, a TV payment for eighty three dollars. I mean rent a center. f•••ing toasters are going to be more expensive than that. Come on. Now here’s another car. 2013 Lexus 350 asks. Yes, it’s a base model. But still, because this is a Lexus, you’re going to get excellent comfortable quiet ride. You’re gonna enjoy the ride. It’s a f•••ing Lexus SUV. You’re gonna get keyless entry push to start dual climate control, heated mirrors for the wintertime, power seats and memory seats with original price of over forty thousand dollars in five years. Sixteen months later, seventy five thousand miles on the car. I can sell this car easily, easily for fourteen thousand dollars. So that means this car costs me ten thousand dollars over five years. Over five years. It cost us ten thousand dollars. Ten thousand dollars divided by five years, 60 months. That cost us one hundred sixty seven dollars a month. One hundred sixty seven dollars a month. Come on. I don’t think you can get a brand new Honda Civic.
A lease. Lease? I’m not even talking about a freaking buying lease. You can’t even get a lease. Four hundred sixty seven dollars a month. And that is why people pay seven hundred dollars to learn this information. This is why people pay seven hundred dollars to learn this course. To learn what I have to teach them because they learn it once in their lifetime, once and they own disinformation for the rest of their life. And I constantly put new information into the cause. That’s the beauty of it. That’s why people pay a thousand dollars for us to find them a car. A thousand dollars. Never have to go to a dealership. Never have to talk with sleazy, annoying salespeople and managers. Never have to ever, ever, ever go to a dealership to pick up the car. The car can be delivered. All people do is tell us the car that they want. Couple of features that they want in the car and how much money they have to spend. That’s it. That’s it. The car literally could get delivered to their house, to their job if they want to, and never have to go to a dealership to pick up the car. They never work with the dealership and we find them the best possible price with the most possible options for that price across the country. Kind of a cool deal. But wait, let me just show you another example. If you think I just got these because I’m lucky. No, no, no, no. It’s not luck. It’s skill, it’s experience. It’s know how it’s knowing how to negotiate.
It’s knowing how to find proper cars. It’s knowing where to look. It’s knowing how to look. Huge, huge pieces of information that nobody is teaching us. Nobody’s doing that. The only way you can get this information is actually going in working as a salesman in a dealership, learning this information with hundreds and hundreds and hundreds of hours going through all of their sales training. Or you go to training with somebody who worked over there, somebody who made it so easy that a seven year old can understand that. Well, we have to jus just study it. All we have to do is learn it. That’s it doesn’t videos later. You know exactly how to buy a car and how to negotiate, how to get the best possible deal. Let’s go to the next car. We got this 2016 Ford F-150. Platinum. This is not a base model. This is not just barely Ford F-150. OK. This is platinum. It has a bunch of different f•••ing options. I s••• on the f•••ing options that you would not even need in the truck, but it has it. So it’s forty eight thousand dollars bring you. We’re gonna buy it for thirty six thousand dollars with fifteen thousand miles. Fifteen thousand miles. Kind of crazy, huh? The best part about this whole situation is that I’m going to be able to sell this truck for seventeen thousand dollars with eighty five thousand miles by the time I am done with it. Five years later. Sixty months later. I put a s••• ton of miles on it.
I sold it for 17 grand and my monthly payment ended up being two hundred eighty three dollars. Can you find me a truck where I can own it? Drive it and end up being less than three hundred dollars a month? No. Do you know Hallowes able to get two hundred eighty three dollars a month by finding a good deal in the first place? Do you know the secret behind me getting these prices? Skill, experience, know how a lot of information. You can get the same information. The trick behind me getting this prices is knowing how to get amazing price from the very beginning, from the very beginning when I would go out and buy a truck. Can I do the same thing with a brand new truck? Nope. Can I do the same thing with just a random truck that I find at the dealership? Nope. I have to be able to find a great truck with lots of options. Low miles, excellent price, low year. I have to find that one truck and I have to know how to find it, where to find it, how to get the best possible price. That’s the only way I’m going to be able to get a Honda for $80 a month. Lexus. Four hundred sixty dollars a month. Ford F-150 platinum for two hundred eighty three dollars a month, Hey, if you enjoyed this video, give me a thumbs up. Below and lick the subscribe button over my head or watch one of those two videos if you want to see more money saving tips about cars. This is Dan with 60 minute car. I’m signing out and I’ll see you on the Internet.
