Purchase the lease of 2018 RAV4 XLE Hybrid or new lease?
I'm almost at the end of the lease on my 2018 XLE Hybrid.
The payoff (3 payments remaining) is $19,500 which I would need to take a loan out. It also needs new tires ($800 - $1000?) and brakes ($500?).
The trade-in values (Carvana, Vroom, etc) is $24,000 which I could put the difference on a new lease. However, I can't afford a new hybrid (extra $3000 - $4000) so I need to downgrade to a gas model.
Can anybody give me any advice?
The payoff (3 payments remaining) is $19,500 which I would need to take a loan out. It also needs new tires ($800 - $1000?) and brakes ($500?).
The trade-in values (Carvana, Vroom, etc) is $24,000 which I could put the difference on a new lease. However, I can't afford a new hybrid (extra $3000 - $4000) so I need to downgrade to a gas model.
Can anybody give me any advice?
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You have positive equity in your current car, which is good.
Just a matter of finding the right car to replace it with, based on your budget.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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