Hi everyone, I wanted to get your feedback on what to do. I’m currently leasing a 2018 Acura TLX V6 with Tech package, it was originally a 36/7.5k lease and I requested a one year extension last year, it’s ending in May. With pandemic and everything, I ended up driving the car rarely, it has only 6.2k miles. I’m in SoCal. Assuming that I will continue to make low miles in the near future, which one would you think makes more sense financially:
(i) Pay the buyout (around $18k) and purchase the car
(ii) Accept the following 36/7.5k lease offer for a 2022 TLX A-Spec: $450 per month with $1k down payment (there is $1k rebate, they are giving me around $9.4k equity for my current car, CarMax’s offer is $28.5k)
(iii) Get a loan and purchase a 2022 TLX A-Spec (not sure if this is a good idea at all, would I get equity for my current car in this case?)
I’d appreciate any feedback you might have, thanks!