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Car Buying Advice - 2017 LX mf and residual in Texas

breannam40breannam40 Member Posts: 10
edited August 2017 in Chrysler
What is current residual and MF in Texas for 2017 Lx, Touring and Touring L for 3yr/12,000 and 3yr/15,000? Thank you.

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  • kyfdxkyfdx Moderator Posts: 265,718

    What is current residual and MF in Texas for 2017 Lx, Touring and Touring L for 3yr/12,000 and 3yr/15,000? Thank you.

    Which Chrysler model?

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  • breannam40breannam40 Member Posts: 10
    Lol, sorry, the Chrysler Pacifica 
  • breannam40breannam40 Member Posts: 10
    @Michaell is it a bad idea to do a 48 month lease vs 36 month for this minivan to help with negative equity to make payments more manageable?  I know not best idea to begin with but have baby coming and family cannot all fit in current car.
  • MichaellMichaell Moderator Posts: 262,320

    @Michaell is it a bad idea to do a 48 month lease vs 36 month for this minivan to help with negative equity to make payments more manageable?  I know not best idea to begin with but have baby coming and family cannot all fit in current car.

    The 48 month numbers for the Pacifica are really bad.

    How much negative equity are we talking about?

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  • breannam40breannam40 Member Posts: 10
    8,000
  • breannam40breannam40 Member Posts: 10
    If you have suggestions for another third row vehicle or minivan, definitely open to it as we are in a tough spot and trying to make the best of it.  And we are by no means experts in this car leasing/buying world.  Very open to any vehicle but do want to lease so we don't have inflated payments for even longer.  
  • MichaellMichaell Moderator Posts: 262,320

    If you have suggestions for another third row vehicle or minivan, definitely open to it as we are in a tough spot and trying to make the best of it.  And we are by no means experts in this car leasing/buying world.  Very open to any vehicle but do want to lease so we don't have inflated payments for even longer.  

    $8000? Yikes, that's gonna kill you ...

    That's over $200/mo on a 36 month lease, and $167/mo for 48 months.

    You might try a base model Toyota Sienna. Low MF (.00001 for most of the country) and decent residuals.

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  • breannam40breannam40 Member Posts: 10
    @Michaell thank you!  We will look into that and considering other options of trying to make our current car work or possibly buying something older from car max.  I really appreciate your help and this forum.  It has made me a much more knowledgeable buyer.
  • MichaellMichaell Moderator Posts: 262,320

    @Michaell thank you!  We will look into that and considering other options of trying to make our current car work or possibly buying something older from car max.  I really appreciate your help and this forum.  It has made me a much more knowledgeable buyer.

    You best bet is to keep your current car. Adding old debt to new debt is generally frowned upon.

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