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buying out our car lease

December 3rd, 2018 at 09:57 pm

Time flies. It's been 3 years already and it's time to buy out our car lease. It's been hard convincing DH but he's finally willing to compromise and has agreed to buying the car. I wanted to buy it 3 years ago but he refused. One of those moments where you just have to compromise.

I always think of imasaver who financed corvettes so they wouldn't buy them so quickly. I feel like the same thing. I leased a car to make DH feel better and pointed out there hasn't been enough improvement yet in cars to make it worth getting a newer model. Honestly by the time there is rapid improvement whose to say he even should be driving?

I realize that having a car is a control issue. And psychologically sometimes you gotta let things slide that are not the most financially fit decisions. If DH stops driving then it's likely we'll be a 1 car family. But until then I guess we just make the best of it.

But woah car loans are high now. We were offered 5% by chase to finance our car. So instead we plan on buying it cash this month.

2 Responses to “buying out our car lease”

  1. rob62521 Says:

    It seems you are making this work for you. I think interest rates have been creeping up, so glad you can pay cash.

  2. livingalmostlarge Says:

    I thought it was more but they called today and it's $18000 to buy out the lease. That's what we are paying in a week.

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