Best Approach to Dealing with my $13,000 Negative Equity

[Bumboola]

@C0ntrary

. My credit is 748 and wife’s is 807

@C0ntrary

APR on Camry is 4.29 and 4runner is 6.99

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Sometimes it can be better to finance a car rather than lease it! Some of the reasons this may be true include: Federal EV credit - some lease originators may not pass the full Federal EV credit or state credits. Through financing or balloon loans (another type of financing, you can take advantage of these credits if you have the tax liability) High Lease Money Factor - some lease originators have a very high money factor, higher than what it would cost to lend from another bank! Combined …

And try to refinance those loans. Not sure how much lower they’ll go as i’m unfamiliar with your particular situation of cars but it doesn’t hurt to try