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Budderfly
12-23-2004, 12:41 PM
Yeah this is sort of a show off thing but I am so freakin excitied and nervous I could throw up. I'm getting my new car tonight!

I'm leasing a Chevy Aveo LT Hatchback (http://www.invoicedealers.com/cars/Features.asp?model=2277&trim=15305) for 4 years. I couldn't pass up the deal. It is so much cheaper to lease and if I do want to buy it out I'll have enough credit and my bank will most likely back me up for the cash. And the buy out isn't really much. I can even put a little aside to save up for it. Or, when the lease is up I'll be 31 and I'll probably want to get a more family sized car. I figure by then I'll most likely be married and thinking about having kids.

So I got the much better car for lower payments. I'm getting it in a burgundy (they call it Active Red). Believe it or not it has 103 HP at 6K rpm and 107 ft-lbs of torque. It's a 1.6L engine, which is fine with me cause I don't plan on winning any drag races. So much more than the Mazda. I think it was 87 HP. The EPA rated gas mileage for the Aveo with the standard engine and transmission is 27 mpg in the city and 35 mpg on the highway. Not sure what that is in km. Seating is 5 and the rear seats folds down two way so I have mass cargo space.

http://www.gmcanada.com/images/vehicles/2005/chevrolet/aveo/chev_aveo_gall_main_int_03.jpg

It'll also have:

~ Auto Tranny (4 spd w/ OD)
~ Deluxe Front Seats
~ Power Locks with Alarm, remote keyless entry
~ Power Windows
~ Power Mirrors
~ Radio, CD with MP3 capability
~ 14" AS tires w/ aluminum wheels
~ Immobilizer
~ Rear Liftgate Spoiler
~ Fog Lights
~ 2 front wipers, 1 rear (you don't know how awesome that is on a HB!)
~ Four year warrenty

It'll pretty much look like this:
http://www.gmcanada.com/images/vehicles/2005/chevrolet/aveo/chev_aveo_gall_main_ext_07.jpg

http://www.gmcanada.com/images/vehicles/2005/chevrolet/aveo/chev_aveo_gall_main_ext_03.jpg

http://www.gmcanada.com/images/vehicles/2005/chevrolet/aveo/chev_aveo_gall_main_ext_05.jpg

The funny part is that it's an LT and those are my initials.

Threeboy
12-23-2004, 12:47 PM
very slickafied!

Shamus
12-24-2004, 02:46 PM
It is so much cheaper to lease
Did you forget about the interest rate?

Threeboy
12-24-2004, 02:46 PM
it's quite low

Shamus
12-24-2004, 02:47 PM
It's still more expensive than buying it all up front.

Threeboy
12-24-2004, 03:00 PM
yeah but if it breaks down then you have to pay for the repairs.

if you lease, when it breaks you take it into the shop and get it fixed for "free" (it's covered in the monthly payments).

there's two sides to the coin.

Budderfly
12-24-2004, 05:44 PM
My interest rate is 0.9%

There's a four year warrenty plus a 6 year powertrain and I get 4 years of Roadside assistance if I need it. And if my car does need to go in, I get a free loaner on the spot.

Shamus
12-25-2004, 12:07 AM
Is the 0.9% the annual interest rate, not the annual percentage rate?

If so, that is a pretty good rate! :P

Budderfly
12-25-2004, 02:13 AM
That's the interest rate. :D