go r wrote:
Dumbest car purchase that I have ever heard of.
Great insight. Thanks for posting.
I got paid $2K to take the lease over from someone that figured out they couldn’t afford it. I can buy it out for $52K plus tax and a comparable car still goes for $60K. Or I can turn it back in.
However, I really like the car and I’m going to buy it. I can sell it whenever and lose very little on it. After some review, I’ll do a conventional loan and invest the capital elsewhere.