Submitted by Jeom049 t3_11cuwf3 in personalfinance
Jeom049 OP t1_ja5oydt wrote
Reply to comment by Ranch-Boi in Is this a Good Car Lease deal? Toyota Corolla LE 2023 by Jeom049
its just tough to make sense of a used car when I bought (2019 se) 3 year old corolla with 21k miles for 15k dollars one and a half year ago
Ranch-Boi t1_ja5q52i wrote
Yeah the chip shortage has definitely screwed around with the used car market. What happened to your old Corolla?
Jeom049 OP t1_ja5qhbc wrote
put 15k miles on it, made 1,500 profit on it and bought TRD Camry with a 369 payment, 72 months.
Ranch-Boi t1_ja5qndh wrote
Do you need 2 cars?
Jeom049 OP t1_ja5r1wz wrote
I traded the corolla for the Camry. Part of me regrets getting the camry as I could be payment free on the corolla now. Life changed and my vision changed. At least I have a plan, if everything goes well in the next year or so, I can keep the camry and my living situation should be way better than before.
Ranch-Boi t1_ja5rpbb wrote
Sorry I think I’m confused. Are you trying to buy a second car? Or trying to upgrade the quality of your current car?
Jeom049 OP t1_ja5sped wrote
the other part of me feels like I'm just worrying too much. If I do decide to get her something nicer I doubt a few 1-3 grand upsidedown will bother me. lol
Jeom049 OP t1_ja5sfnp wrote
this car I'm asking everyone about is not for me. my girlfriend's family is buying her a car. But I know I will get her a better one once my financial situation is better. I just hate the idea of loosing money in the future. I know eventually Before the 4 year mark I will buy her something nicer such as an audi or bmw.... Knowing how prices for cars are so high, and knowing 2 years ago you could get 4k under msrp I have a feeling I'll be upside down if I Finance the car
BrianTheEE t1_ja6tshn wrote
If you're paranoid about being upside down on your Toyota after 3 years, you're gonna be in a worrrrrrld of pain when you get that BMW or Audi past 30k miles lol.
It sounds like you've made up your mind. Choose a car to lease for 3 years, give it back to the dealer, get that beamer, instant buyer's remorse, sell it back at a fraction you bought it for, and then buy a used Corolla.
Nothing anyone says here will change your mind.
Jeom049 OP t1_ja7es3d wrote
Ok thanks
Jeom049 OP t1_ja5qoij wrote
my financial situation change a little, I'm hoping and working on making it better so that I don't have to trade it in. If I do trade it in I can probably just buy a new corolla and pay 150 a month
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