No. of Recommendations: 9
A low fico score can be very costly. A buddy of mine picked up his lifetime dream car, a lexus RX330, yesterday. Since he made the mistake of co-signing a loan for his stepdaughter, and she made two payments late last year, his score is 674. That made his payments, according to the Lexus dealer, $30/month higher. If he had been over 700, he would have saved about $1400 over the 48 month term of the lease.

Um. $30/month seems an insignificant amount in the face of *leasing* a car for four years. Having a low FICO also seems less costly than choosing to lease the car of one's dreams rather than waiting to save up the money to buy it or a more modest car (though certainly it's true the low FICO doesn't help).

I understand wanting something really, really badly. I just think it's funny to consider $1400 costly in light of what his decision to lease this particular car at all is likely to cost him.

--Booa (not trying to say you should never buy the car of your dreams, just struck by the difference in order of magnitude of the price of things--$30 vs. the monthly lease cost)
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