12-20-2012 05:38 AM
If you know you are keeping the car, finance it. If you know you don't want to keep it for a long period of time, lease it and get another one or finance the next. Me personally, I never liked leases. If you do decide to keep the car, you have to complete a lease buyout and basically start your loan over again.
12-20-2012 07:09 AM
Do you have to refi or buy it out? I thought you could just turn the car in to the dealer?
12-20-2012 07:30 AM
Buy if you can, if you can't, save up and BUY! Lol..
Would REALLY depend on your personal interests though. If you are not attempting to keep up with the Jones' or if you aren't subject to 'wanting' an expensive vehicle or a brand NEW vehicle, then it would be wiser to buy.
12-20-2012 08:36 AM
12-20-2012 08:39 AM
12-20-2012 09:04 PM
Hi MovingForward, wow, great info....THANKS!!
So, I guess I'm looking at luxury type cars. I'm pretty sure I either want an Audi Q5 (either the 3.0 Prestige or the Hybrid) or a Volvo XC90. It does seem like a cheaper way to get these cars but I've never leased and it seems complicated. Makes me nervous.
12-20-2012 10:42 PM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.