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Buy or lease with negative equity?
My wife had her second rear end collision in as many years yesterday. I want to buy her a car that has collision avoidance, because I don’t know how much more my insurance will bear. She has a ‘16 Dodge Charger R/T currently and I am looking at getting her a Passat R-Line, Accord Sport, Camary XSE, or a Subaru Outback. The biggest issue is that I have about $7000 negative equity in the car. I talk to a sales person I have bought two cars from previously and he suggested leasing as a way to erase the negative equity sooner than keeping a car until it is completely payed off in 5-6 years. Thoughts?