Okay so here’s the issue. A job change in the household means two of us will be commuting roughly 30 miles roundtrip each day.
We have a leased Highlander. Owe $32k, can sell to Carvana etc for $31k. It’s already 155 miles over with 1 month to go before the end year 1. I’d like to switch it out for something smaller and more fuel efficient. But in terms of strategy. What would you do?
- Keep the Highlander and just lease a 2nd car
- Sell the Highlander and lease x 2 new cars
- Buy 1 car, lease the other
- Buy 2 cars
The reason we’re considering a financed/bought car is for road trips. Given we’ll be basically covering 10k miles on each car from commuting/errands. We could get away leasing 2 cars on 15k mile leases but it doesn’t leave much.