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^ no offense, but I highly advise against leasing in OP's situation. He pays less now but the the balance will accumulate more interest. In the end, he will pay more for the car. What will OP do when the lease term is over? Buy it out? Refinance? Or lease another car. In the end, it will turn into a never ending drain on OP's cash flow. The sooner the debt is paid off the better. Leasing ensures that this doesn't happen. But I do agree about the part that you can just give them the car back if something happens in OP's life that demands a relocation of his finances.
I don't understand why people argue that car debt is a good debt. Debt on a depreciating asset is never "good" unless it somehow generate income. If OP wants to finance, make sure it is no longer than 36 months. If it takes u more than 36 months to pay it off, sorry, u simply can't afford it and should find a cheaper car or a better deal.
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