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help financial dilemna
Posted by cris [Email] (more from cris) on Thu, 15 Aug 2002 15:42:20
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I have a leased'00 9.3 base,silver,leather,moonrof,5spd.there are 35kmiles on it now and lease is up june03.I didn't want to buy the car and end up with large payments at end of the lease.I have another car to use now(paid up).My choice:1.terminate lease now for $3600(save rest of insurance,maintenance)and over mile charges if I turned car in later. 2.keep car,buy at end of lease(residual $16,800 plus 8% sales tax,plus $3800 left on lease payments)and sell it.however looking at '99 9.3 sales now it looks like a 45k car would sell for about $15,000-I lose $3600+.
3.buy car now for $19,736 +8% sales tax=$21,300:sell for??probably less than $18k.
any other ideas? which to choose?thanks.
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