We all need transportation I get that. I just don’t understand why someone in 2023 would sign up for all that debt and financial responsibility given the current state of the economy which even before this current bank failure was in the toilet.
May I ask, so you have the equivalent of a $410.00/month car payment ($16,000.00 divided by 39 months) what would be the buy-out amount? What is the MSRP on the car when you took possession of it?
This is of course none of my business and not my problem but in the past I have studied in detail the idea of leasing a car and/or buying new and financing most of it and have not been able to find a lease that makes sense. Maybe there are leases available these days that do make sense?
It’s market value at time of possession was 25k. Payments of 390 per month. Retired teacher with decent pension plus ss. Began saving for retirement early and have put away nice sum. Figure at 70 don’t want to have payments going past 3 years. At 73 if I am still kicking will buy out the lease. Should be able to afford from TSA.