Seeking Advice on next move

Bitcoin

I currently have a 2021 Kia Forte and have 5 months left on my lease. I live in Los Angeles. I'm receiving numerous calls and letters asking me to trade-in my car because there is currently equity in my car. My questions are...I don't see interest rates improving for a long time (8 to 12 months). Does it make sense for me to take advantage of the equity that is currently in my car or will I get the same deal in 5 to 11 months from now? Is this equity talk a real thing?

Thank you for your input.!

kyfdx

Bitcoin said:

I currently have a 2021 Kia Forte and have 5 months left on my lease. I live in Los Angeles. I'm receiving numerous calls and letters asking me to trade-in my car because there is currently equity in my car. My questions are...I don't see interest rates improving for a long time (8 to 12 months). Does it make sense for me to take advantage of the equity that is currently in my car or will I get the same deal in 5 to 11 months from now? Is this equity talk a real thing?

Thank you for your input.!

If you have equity now, you should have equity at the end of your lease. Unless it's a Kia dealer, I don't see how unsolicited letters can know if actually have equity.

Get the payoff for your vehicle, and find out the value, and then you'll know if you have equity.

I wouldn't be in any hurry. If you have a lease you are happy with, conditions likely won't be any different when your lease is up.

Bitcoin

Awesome. Thank you very much for that great insight!!!