Canada - 2018 Subaru Crosstrek lease is about to expire and im going to buy it. With previous lease payments and buyout total I will pay $34,000 (buyout is $12,900 +tx). I planned to take the guaranteed buy out price and finance over 2-3 years at used car rate 8%. I have 0-3000 for down payment. Due to the increase in market and excellent condition/low mileage I can sell this for maybe $25,000. This would pay off my buyout, and give me $12,000 down payment for the next vehicle. I could buy a 2022, get the warranty back, and finance the rest at 1.9%.
So either I take 2-3 years and get 4 more of use at $0/month (excluding all maintenance) OR take advantage of used market pricing and lock in a new vehicle payment but with decent down payment.
Any help appreciated!
Submitted November 17, 2021 at 10:17AM by TakeshisApprentice https://ift.tt/30ucqsU
