Buying Out

mstrlucky

So my lease it up in my 2019 Accord Hybrid in 1 week. The buy out is $17,500.
I think it's a smart financial decision to buy it out in lieu of getting another lease although I'd like to get into a new car.
With the prices of cars now I think I'd be paying a huge premium to get into a new car.

What are current interest rates on used car if I buy out? I have excellent credit.

Also, the car has 45k miles. Could I get a Honda Care warranty that would take me to at least 100k miles or 5 years? Thanks.

Michaell

mstrlucky said:

So my lease it up in my 2019 Accord Hybrid in 1 week. The buy out is $17,500.
I think it's a smart financial decision to buy it out in lieu of getting another lease although I'd like to get into a new car.
With the prices of cars now I think I'd be paying a huge premium to get into a new car.

What are current interest rates on used car if I buy out? I have excellent credit.

Also, the car has 45k miles. Could I get a Honda Care warranty that would take me to at least 100k miles or 5 years? Thanks.

Yes, I agree that buying out your lease is the right thing to do.

No info on used car APRs - but, I'm sure the internet can help. Check with your local credit unions - I've heard that they may offer the best rates.

It's a Honda - do you feel like you need the extended warranty?