- First Name
- Mark
- Joined
- Oct 4, 2021
- Threads
- 3
- Messages
- 1,225
- Reaction score
- 1,086
- Location
- Rochester, NY
- Vehicle(s)
- 25 Maverick Lariat 2.0 AWD; 23 Escape ST Line Select 2.0 AWD
- Engine
- 2.0L EcoBoost
All of that is really a personal preference. I was always trading in around 3 years, so I switched to leasing. After doing that I had to buy my next car, because leasing in NY was all messed up and way more than buying. I ended up not liking the car, so I traded after a year; which you cannot do with a lease. Then I started to realize you are kind of stuck with whatever the deals are when your lease is up. If you buy, you can pick a trade-in time when you want. I have been doing that for a while and prefer to buy. More flexibility. Granted, if have not financed for 84 months ever, so I have never compared things that way. I don’t like the idea of having a car payment when the warranty is up.I’m going to the dealership this evening and want to make sure I’m prepared.
Again my reason for leasing is that I want to keep the monthly payments low, this is a brand new vehicle and I’m always iffy on owning a brand new vehicle/model and my fiancé and I will most likely want to trade in this vehicle for a SUV in three years.
However the choice to finance seems like the better deal even though it’s a little bit more per month for a 84 month finance term. We would still want to move into a SUV but my be able to do that sooner if we own the truck and sell it.
Last option is selling my 2013 Honda Accord and using that profit towards a new SUV and keeping the truck on a finance or lease plan.
Thoughts?
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