Hi PF,
So I currently own a 2012 Honda Accord Coupe with about 62k miles, the dealership will give me $9,000 to trade in and I owe $7,000 on the car currently. And my monthly payment on this car is $200 a month. In all reality, I am just tired of driving this car, tired of having a coupe and looking for some change. I currently work very close to home and I originally bought this when I had a much longer commute.
The truck I want is a new 2017 Toyota Tacoma. They hold their value so well that buying it used creates only a minimal price difference, if I found a great deal I would go for it. But so far, no luck finding one. So that brings me to my current situation. I have haggled down a bit on a new Tacoma, but the monthly payment is still too high, it would be about 20% or more of my monthly income. I can lease one, for and get my monthly payment to $310-$320 and my hope would be to buy it at the end of the lease as it is a truck I would like to have for the next 10 years.
I am currently bringing in about $2900 a month and have around 30k in savings.
So what do you think? Is it a bad decision to leave my low monthly payment and go for something higher purely for want? Or should I just drive my car to the ground and is worth like 2k or less?
Submitted July 11, 2017 at 08:56AM by tacomaorbust http://ift.tt/2u4uZ53
