and always paid cash for my cars. I'm now driving a 2006 Ody that offhand I paid 35 k for and had the car now for let's say 5 years(60 months), divide the cost by month and it's $583 pr month, even at 6 years $486 per month, 7 years $416 pr month. I just saw a promo to lease a 2011 Ody for $360 pr month for 35 months no money down.
Have I been stupid all these years? I've paid more per month for an aging vehicle that is gonna start needing more maintenance as we go along than I could just lease a new vehicle.
So if i'm right, what would be the best course of action to take? sell my current car at market value and jump into the lease, or just suck it down and hold onto the old car till the cost averages down(which is still years away). and BTW-a 35 month lease at this time would take me till my youngest child is 16 years old and hopefully my last minivan(not that there's anything wrong with them, but).
Have I been stupid all these years? I've paid more per month for an aging vehicle that is gonna start needing more maintenance as we go along than I could just lease a new vehicle.
So if i'm right, what would be the best course of action to take? sell my current car at market value and jump into the lease, or just suck it down and hold onto the old car till the cost averages down(which is still years away). and BTW-a 35 month lease at this time would take me till my youngest child is 16 years old and hopefully my last minivan(not that there's anything wrong with them, but).