Quote:
Originally Posted by Hapbob
I own 2018 m240 20k miles paid for.
Go to a 2024 m340 for $850 month lease.
Selling the m240 for $30k is about the total of the lease over the 3 years.
So is it a crazy move ?
Inputs are always considered.
Hap
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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.