Sell Car now (but then lease)??
So I have a 2018 Audi I just paid off that I paid $51,000 for. I can sell it now and get back about $35,000 since used car values are so high.
I don’t have a spare car so would need another vehicle, I can lease something putting down about $3500 and paying about $425 or so a month.
Would it be worth it to take the big chunk of cash by selling my car now but then dish out a smaller amount over the next 24-36 months for a new leased car ? Just wondering. Thanks !
Terry Says
Well, I understand the concept of this “trade” — but I’m not sure you come out ahead in the long run. You could probably keep the Audi for at least six more years — saving that monthly payment. And you’d still have the car. (Be sure to buy an extended warranty!)
I suppose it all depends on what you’d do with the cash over the next few years. If you were about to tell me that you’d buy cryptocurrency, I would definitely say this is a bad trade!!
