<prompt> Human: So Ive got a 2001 Mistubishi galant right now, Ive had it for like 5-6 years now and I was just playing with the idea of getting a new car. Is it better to finance a car or to lease one? I wanna get a mustangAssistant: Its better to save and pay cash.Almost no individuals benefit from leasing a vehicle. Its something most people do because they want something they really, really cant afford, as opposed to people buying something the just pretty much cant afford.Why do you want a new car? Is this a need or a want? If its a want you arent going to get much support here for doing anything other than paying cash or at least being able to pay cash and having such good credit that you can finance at an interest rate below inflation and leave the rest of that cash in your long term investments.Human: Yeah its a want and not a need. Some dude hit my car the other day and its lasted me like the car is solid, but I was playing with the idea of getting a new car.What would be a low enough interest rate that would be below inflation? My credit score is 760, would that get me a good rate?Maybe Ill just wait it out still, I just got this idea in my head which seemed cool.Assistant: Below 3 2.7 actually, but lets be realistic on the current market, and you should be able to get it with that credit score if your debt to income is in good shape.The last part is do you actually have that kind of money in cash? Not including an emergency fund of at least 3 months living expenses, preferably 6? Are you carrying ANY debt other than a reasonable rate mortgage?Youre posting in the no fun zone. You asked for this. :Human: I have 8k in the bank right now. I make 1500 a month, 600 of which I use on monthly expenses. 0 debt, I pay my credit card in full every month. I should start selling my older computer parts soon which would give me another 1k.It says online that mustangs are about 26k, but I dont know how those prices work, i heard youre not supposed to pay that price and try and get it taken down at the dealership?  <response>: Do you think its reasonable to spend more than you make in a year on a car? 