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I bet your car is probably not worth...
Posted by Richard P. (more from Richard P.) on Fri, 1 Jun 2001 16:37:51
In Reply to: roll into another lease...or not?, eric, Fri, 1 Jun 2001 16:26:37
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the 22K of the lease payoff, but if the dealer can negotiate that, it would help a lot. Negative equity is easy to roll into a lease if you have good credit, but just be careful that you don't get into a cycle like I did and keep rolling it in every few years. I'm paying for it now. If you have a couple grand of negative equity, that should be easy to overcome with good lease rates and incentives and a little cash. I personally wouldn't put down over $2K on a lease, but that's my preference. Since you lease your cars, it really depends on what you want to pay each month, but you are getting ready to spend almost a grand on an older car, and if you can get a new one for about the same payment and use the cash as part of the down payment....I'd be tempted. It doesn't cost you anything for the dealer to work the numbers.
Richard P. '99 9-3SE HOT
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