How much equity is enough for you to sell the car?

Ask the Hackrs
1

Okay so I’m weighing my options and see what others think. I have a 2019 Jeep GC High Altitude 4x4 with 18k miles that will be due in 3 months. If I sell now I will have $14k in equity. This is much more than Summer 2021 when it was only $7k. I couldn’t find a car to replace it with last year (good lease #s) and it seems it might be the same problem now. I actually like the Jeep and my 2nd option is to buy it out at end of lease.

  1. Sell the car for the $14k equity and roll the dice on another lease?
  2. Buy the car at end of lease (and keep it for another 2-3 years)?

What do you guys think?

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4 posts were merged into an existing topic: Positive equity and replacement options in the current market