Current Events > should I buy out my car lease?

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Oubliettes 06/26/22 9:57:47 PM #1:	got talked into leasing a 2019 nissan rogue sl by my brother in law who runs a dealership. pretty satisfied with it i guess, but idk what i wanna do and the lease is up in a week. i can either turn it in, lease something new, or buy it out for $18000. nothing mechanically or cosmetically wrong with it, and it's got 26k miles on it. edit: i am not a car person whatsoever. --- http://i.imgur.com/ozVGOuh.png <cite>Oubliettes posted [p:966134374] in should I b... [t:80072534]...</cite> <quote>got talked into leasing a 2019 nissan rogue sl by my brother in law who runs a dealership. pretty satisfied with it i guess, but idk what i wanna do and the lease is up in a week. i can either turn it in, lease something new, or buy it out for $18000. nothing mechanically or cosmetically wrong with it, and it's got 26k miles on it. edit: i am not a car person whatsoever. </quote> ... Copied to Clipboard!
Vegy 06/26/22 10:02:56 PM #2:	What do you want? --- http://i.imgur.com/gt58G1y.gif http://i.imgur.com/Kdvuckz.png http://i.imgur.com/SYqReLE.gif https://i.imgur.com/MbgGQWx.jpg <cite>Vegy posted [p:966134500] in should I b... [t:80072534]...</cite> <quote>What do you want?</quote> ... Copied to Clipboard!
Oubliettes 06/26/22 10:04:34 PM #3:	Vegy posted... What do you want? something that will get me to and from work and not need a lot of maintenance. i drove used cars until i leased this and its been pretty nice not having to go to the mechanic --- http://i.imgur.com/ozVGOuh.png <cite>Oubliettes posted [p:966134538] in should I b... [t:80072534]...</cite> <quote>Vegy posted... </cite> <quote>What do you want?</quote> something that will get me to and from work and not need a lot of maintenance. i drove used cars until i leased this and its been pretty nice not having to go to the mechanic </quote> ... Copied to Clipboard!
Naysaspace 06/26/22 10:05:29 PM #4:	Oubliettes posted... got talked into uh oh Oubliettes posted... by my brother in law who runs a dealership jesus christ you got swindled Oubliettes posted... buy it out for $18000 You can open up a spreadsheet, do some small information gathering, and see whether or not this is financially smart for you. Impossible to give advice without knowing all sorts of things such as lease rate, finance rate on that 18k, value of car at new, value of car now (KBB), and what other opportunities are out there. If you're asking if you should write a cheque for 18 grand, absolutely never do that. ever. --- Not followed by anyone you're following <cite>Naysaspace posted [p:966134555] in should I b... [t:80072534]...</cite> <quote>Oubliettes posted... </cite> <quote>got talked into</quote> uh oh Oubliettes posted... </cite> <quote>by my brother in law who runs a dealership</quote> jesus christ you got swindled Oubliettes posted... </cite> <quote>buy it out for $18000</quote> You can open up a spreadsheet, do some small information gathering, and see whether or not this is financially smart for you. Impossible to give advice without knowing all sorts of things such as lease rate, finance rate on that 18k, value of car at new, value of car now (KBB), and what other opportunities are out there. If you're asking if you should write a cheque for 18 grand, absolutely never do that. ever. </quote> ... Copied to Clipboard!
mustachedmystic 06/26/22 10:08:21 PM #5:	I tried to look up the value of a car like yours on KBB, but they want a license plate number. --- Vegy is a 30 year old man, who's pretending to be a 60 year old woman that likes to act like a 57 year old man that pretends to be a horny 16 year old boy. <cite>mustachedmystic posted [p:966134623] in should I b... [t:80072534]...</cite> <quote>I tried to look up the value of a car like yours on KBB, but they want a license plate number. </quote> ... Copied to Clipboard!
Oubliettes 06/26/22 10:11:04 PM #6:	Naysaspace posted... uh oh jesus christ you got swindled You can open up a spreadsheet, do some small information gathering, and see whether or not this is financially smart for you. Impossible to give advice without knowing all sorts of things such as lease rate, finance rate on that 18k, value of car at new, value of car now (KBB), and what other opportunities are out there. If you're asking if you should write a cheque for 18 grand, absolutely never do that. ever. 5.15% interest rate, monthly is $303, on a 72 month loan, which is less than the lease payment. looks like ~$27000 for a similar rogue with similar miles. they told me i had equity in it if i wanna trade in. --- http://i.imgur.com/ozVGOuh.png <cite>Oubliettes posted [p:966134692] in should I b... [t:80072534]...</cite> <quote>Naysaspace posted... </cite> <quote>uh oh jesus christ you got swindled You can open up a spreadsheet, do some small information gathering, and see whether or not this is financially smart for you. Impossible to give advice without knowing all sorts of things such as lease rate, finance rate on that 18k, value of car at new, value of car now (KBB), and what other opportunities are out there. If you're asking if you should write a cheque for 18 grand, absolutely never do that. ever.</quote> 5.15% interest rate, monthly is $303, on a 72 month loan, which is less than the lease payment. looks like ~$27000 for a similar rogue with similar miles. they told me i had equity in it if i wanna trade in. </quote> ... Copied to Clipboard!
Ar0ge 06/26/22 10:15:12 PM #7:	How much money have you spent on the car since you started leasing? Interest? How much is the car worth now and how much was it worth when you started leasing? If you are going to finance what is the interest rate you're looking at? You're gonna have to do some calculations and see if it's even worth it. You may end up paying over the cars value when you began leasing it. <cite>Ar0ge posted [p:966134789] in should I b... [t:80072534]...</cite> <quote>How much money have you spent on the car since you started leasing? Interest? How much is the car worth now and how much was it worth when you started leasing? If you are going to finance what is the interest rate you're looking at? You're gonna have to do some calculations and see if it's even worth it. You may end up paying over the cars value when you began leasing it. </quote> ... Copied to Clipboard!
_BlueMonk 06/26/22 10:16:33 PM #8:	Oubliettes posted... and not need a lot of maintenance. Oubliettes posted... nissan i got bad news for you pal. --- JISOO JISOO <cite>_BlueMonk posted [p:966134815] in should I b... [t:80072534]...</cite> <quote>Oubliettes posted... </cite> <quote>and not need a lot of maintenance.</quote> Oubliettes posted... </cite> <quote>nissan</quote>i got bad news for you pal. </quote> ... Copied to Clipboard!
Ar0ge 06/26/22 10:17:15 PM #9:	Oubliettes posted... 5.15% interest rate, monthly is $303, on a 72 month loan, which is less than the lease payment. looks like ~$27000 for a similar rogue with similar miles. they told me i had equity in it if i wanna trade in. I honestly think 72 months is way too long for 18,000. You're gonna end up paying way too much in interest imo. <cite>Ar0ge posted [p:966134834] in should I b... [t:80072534]...</cite> <quote>Oubliettes posted... </cite> <quote>5.15% interest rate, monthly is $303, on a 72 month loan, which is less than the lease payment. looks like ~$27000 for a similar rogue with similar miles. they told me i had equity in it if i wanna trade in.</quote> I honestly think 72 months is way too long for 18,000. You're gonna end up paying way too much in interest imo. </quote> ... Copied to Clipboard!
SauI_Goodman 06/26/22 10:19:17 PM #10:	get a new car with 0 miles. but not from your brother in law. --- Italian, French, German. <cite>SauI_Goodman posted [p:966134872] in should I b... [t:80072534]...</cite> <quote>get a new car with 0 miles. but not from your brother in law. </quote> ... Copied to Clipboard!
Agonized_rufous 06/26/22 10:21:48 PM #11:	mustachedmystic posted... I tried to look up the value of a car like yours on KBB, but they want a license plate number. It came up to be around $30k I mean, you could buy it for $18k and then go trade it in for $26k or sell it for $30k From what I've seen, which isnt much, most pre-Covid leases are worth buying out in this crazy market. You might have had a once in a life time event by buying an asset that's usually a liability --- "All I have is my balls and my word, and I don't break them for anyone!"-Tony Montana <cite>Agonized_rufous posted [p:966134938] in should I b... [t:80072534]...</cite> <quote>mustachedmystic posted... </cite> <quote>I tried to look up the value of a car like yours on KBB, but they want a license plate number.</quote> It came up to be around $30k I mean, you could buy it for $18k and then go trade it in for $26k or sell it for $30k From what I've seen, which isnt much, most pre-Covid leases are worth buying out in this crazy market. You might have had a once in a life time event by buying an asset that's usually a liability </quote> ... Copied to Clipboard!
Oubliettes 06/26/22 10:36:01 PM #12:	Agonized_rufous posted... It came up to be around $30k I mean, you could buy it for $18k and then go trade it in for $26k or sell it for $30k From what I've seen, which isnt much, most pre-Covid leases are worth buying out in this crazy market. You might have had a once in a life time event by buying an asset that's usually a liability that's what my wife was thinking like i said neither of us are car people tho so wanted to bounce it off others --- http://i.imgur.com/ozVGOuh.png <cite>Oubliettes posted [p:966135249] in should I b... [t:80072534]...</cite> <quote>Agonized_rufous posted... </cite> <quote>It came up to be around $30k I mean, you could buy it for $18k and then go trade it in for $26k or sell it for $30k From what I've seen, which isnt much, most pre-Covid leases are worth buying out in this crazy market. You might have had a once in a life time event by buying an asset that's usually a liability</quote> that's what my wife was thinking like i said neither of us are car people tho so wanted to bounce it off others </quote> ... Copied to Clipboard!
Axiom 06/26/22 10:37:30 PM #13:	Oubliettes posted... 5.15% interest rate, monthly is $303, on a 72 month loan, which is less than the lease payment. looks like ~$27000 for a similar rogue with similar miles. they told me i had equity in it if i wanna trade in. 5.15 at 72 is absolutely awful <cite>Axiom posted [p:966135278] in should I b... [t:80072534]...</cite> <quote>Oubliettes posted... </cite> <quote>5.15% interest rate, monthly is $303, on a 72 month loan, which is less than the lease payment. looks like ~$27000 for a similar rogue with similar miles. they told me i had equity in it if i wanna trade in.</quote>5.15 at 72 is absolutely awful </quote> ... Copied to Clipboard!
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Current Events > should I buy out my car lease? (+) Yeah! (+)

Current Events > should I buy out my car lease?