amm24dmb
Senior Member
Thanks in advance for any advice! I have a 2013 Honda Accord with 94,000 miles on it. Had it for 6 years now (bought new in Feb of 2013) and don’t ask me how, but we still owe $7,500 on it. Not a great financial move to buy out the lease after the 3 years was up and finance for another 6 years. Ugh. We were just trying to keep our payments low. Now we have 2 young kids, a house, etc. By the time I pay this car off (Feb of 2022) it’s going to be 9 years old and have roughly 125K on it.
So do I try and get rid of it now considering the circumstances and that it’ll be 9 years old when I pay it off? I only pay $245 a month and it’s been a great car, but it’s going to be worth nothing when it’s paid off. I’d love to have a bigger, safer car even though my wife has a 2018 Durango GT. Not sure what the best financial move is here! I’ve been looking at a 2019 Ram 1500 V6 lease. What to do, what to do...
Thanks!
So do I try and get rid of it now considering the circumstances and that it’ll be 9 years old when I pay it off? I only pay $245 a month and it’s been a great car, but it’s going to be worth nothing when it’s paid off. I’d love to have a bigger, safer car even though my wife has a 2018 Durango GT. Not sure what the best financial move is here! I’ve been looking at a 2019 Ram 1500 V6 lease. What to do, what to do...
Thanks!