I am trying to get out of my ridiculous car loan and I have an offer. I need some opinions on what is the best deal. I was hoping to get a lower payment but that’s not happening.
Current “deal”
2018 Jeep Cherokee $53000 (20k negative equity) Financed for 7 years at $393 biweekly End up paying $20k in interest by the end of the term, also paying mostly interest the first couple years. Own the Jeep at the end of the term
Proposed deal
2018 Toyota Tacoma $58000 (14k negative equity) Leased for 5 years at $415 biweekly My debt will be completely gone after 5 years At the end of the term I can either refinance it or give it back hassle free.
I think I know the better choice, but I want some second opinions.
Edit: sorry for format, on mobile.
Submitted March 15, 2019 at 07:00PM by KennedyLyons12 https://ift.tt/2CxfTIz
