Quote:
Originally Posted by Kernel Kurtz
You have a 6 year old, very low mileage car you straight up own. You can trade it for the use of a brand new car for 3 years, and then you own nothing. That makes no sense to me.
OTOH, if you don't mind still making payments to have a new car, take the 30K, invest it and shoot for a 10% return (if you are lucky), that makes your lease more like ~$600/mo (more or less depending on the investment income), but you still get to keep the principle regardless. I could see that being a sensible thing if you really want a new car.
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I would add what is the down payment on a 3 years lease? If he wants something new, the best option is to buy to maintain a residual value on the long run.
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