Quote:
Originally Posted by Tcoat
One way or another you will have to replace the car when the lease is up. If you use your current cash then you can sock away the monthly payments plus the interest on them instead of paying it out. You could rebuild your car fund in a hurry and actually "make" the money you would have spent on financing costs.
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Yeah, it makes sense to use the cash rather than get a new loan and continue having payments, plus insurance (lease comes with insurance). I paid off my student loans earlier this year, so that is already being invested. Add in the car payment I would be saving and I'd easily have $500+ to save each month. With my budgeting I could throw in an extra grand here and there.