I have enough money to buy a $20,000 car, my question is that, is it better;?

here is what I would do, I would go find a car that was a year or two old that someone traded in for a new car. There are lots of rich older people out there that buy a brand new car every year, The car is almost new, since its a year old the previous owner took the depreciation hit. It will still have a great warranty, you will have some service records, and the price will be pretty good. (you have to know, what kind of car you really want, so for this to work, you start hopping in and out of different cars until you find the model you want. Do not tell any salesman how much cash you have, if they badger you about money like some greedy salesman do, do what I do scream ENOUGH IN THEIR FACE, AND WALK AWAY. NEVER TELL ANYONE YOUR CASH ON HAND. it is a really good idea that you know pricing information, you need to educate yourself about whole sale and retail, dealers like to buy cheap, and sell high, ALWAYS. your best interest is not what they want.or care about. here is a free website that has a guide www.nada.com you can look up used car values, nada has a free consumer section that can give you dealer wholesale (truthfully dealers make their own prices, don't expect a dealer to follow a book guideline) but in nada guide to make it simple for you average dealer trade in is a ball park price I use for pricing a car. dealers do overprice cars a lot, they make a lot of money off the uninformed. so don't be uninformed.here is another website Samaritans.com this is a free place that has tons of information on how to buy used cars, and what to look for.If you narrow down a car for say 14 grand, and you know what make and model you can probably get a nice one year old car, with a great factory warranty in excellent condition.but use the 14 as a starting point, because there is tax, and license, and full coverage insurance (add a year of full coverage to the car.

Your best way to do this is cash, if you do a loan, you will just waste money on interest for no reason. But in the beginning don't tell the sales people this. Often times people finance, and salesman expect to make a lot of money with creative financing. So play the lump sum cash deal close to the vest (don't tell!!) your best time to look, is during the four months after christmas its slow, and the best time to make a low ball offer on a car is the last two days of the month. All car dealers have bills due on the first. Any car not on the lot on the first. means money in the dealers pocket, and one less bank payment. Always be patient, patient, and more patient, do not go with the hurry up or I will lose this deal NO!! bad plan, always be patient, and unless it is the make and model and color and year and engine and transmission you want, PASS ON BY. hope this helps, sorry but I simplified it as best as I could without writing you a novel.

Work hard and don't waste the money you do earn by spending it foolishly. Save it and you'll have plenty of money when it's time for that first car. My only concern is that you are over reaching your needs and wants. Spending $20,000 on a car is crazy for a teenager. $20 grand is a lot of money. You don't need a car that expensive and it's a terrible waste of money. Buy a good used $7500 car and be happy that you earned the money to buy it yourself.

If you have $20K in cash there is no reason to lease or to borrow money and go into debt.

If you lease at the end of that 3 years you own nothing

If you borrow at the end of that 3 years you've paid a huge amount of interest and you've made high monthly payments the entire time and you have very little equity to show for your investment.

If you pay cash the car it is yours today. No debt. You own it. 100% of the value of that car is equity in your hands. In 3 years you can say you've been driving a car for free the entire time.

Paying cash for a car is ALWAYS the best choice.

Buying it outright is the cheapest way to get a car.

Making payments can raise your credit score, but you are forced to get Full coverage insurance on it.

Only lease a car, if you have one daily driver and 2 people who drive. Use your daily driver the most, leaving the leased vehicle for emergencies, or local errands, while the daily driver is in use.

easiest answer is to buy it outright. better looking to take a loan and pay it off in giant chunks(credit wise) but you have to have full coverage insurance but you want full coverage on a new car. lease if you dont plan on driving it much(you can get a really nice car leased).

You can go to http://www.purchaseusedcar.info/