I need help... Do I sell my 09 ss with 75000 miles and use that money to lease a brand new wrangler unlimited or do I keep my car and lease a jeep? I would lower my insurance on my car to liability only instead of full coverage since I won't drive my car till it gets nice out. Opinions?? Plus I would drive the jeep during the summer. I know it's a bland thread but I would like opinions.

 

Well it depends on you really if you want to keep the Balt then do your second option and keep the Balt lower it to liability, if you want to move on and just get a jeep then sell and use it as a down payment or keep the cash for a rainy day

 

I want to keep it since it's paid off and insurance is only $$75 but I would also like $8000 for it and have a nice jeep. But if I sell it I think I'm going to regret it.lol hmm

 

If you're going to sell your car then don't lease anything. Then at the end of 3 years you have nothing to show for it. You're out a Jeep and your Cobalt.

 

Guess I never thought of it that way. If I sell Balt I guess it would be smarter to put money for a down payment of a jeep.

 

Yeah I was going to mention that about the leasing even tho the payment tend to ebay lower is like renting an apartment. I believe I've heard that you can choose to keep a lease car after the term tho. Also your limited in the amount of miles you can put on the car while it's leased

 

Yeah one of my professors had a friend who had to park his brand new BMW because if he drove it any more he would have to pay **** tons of money for the added miles, and he still had 1.5 years on his lease. IMO leasing is only worth something if your car is a status symbol and you want to show off your new car every few years. I wouldn't mind getting my hands on a Wrangler to make some carbon fiber molds though lol.

 

.25 a mile over that's 250 every 1000 over. I like new cars every other year.lol every time a get a car I always want another after a couple years anyway.

 

It just all depends how much you drive it afterwards I guess

 

Yea and if I'm about to go over I could have my cobalt to drive if I keep it. Grrr so difficult

 

you could drive both to keep the miles even and you should be ok

 

Borrow one from a friend or rent one and see if you'll even like it. But honestly I wouldn't sell your Cobalt.

 

I borrowed one on Friday for the day. Those are awesome in the snow and will be better in the summer with the top off. Plus my car sucks ass in the snow. Oversized inter cooler was a bad idea. It works like a snow plow

 

X2

You couldn't give me jeep.

 

Definitely research. Leasing looks cheaper, but it's very expensive renting a car forever vs. buying a car a few times. I know of people that do it because they don't want to deal with maintenance so instead of buying a car every three years they lease it. But if you're at that point, you should also be doing very well financially.

My stepdad leased a very nice truck. Then he passed away. My mom was stuck with a truck she didn't want, need or afford so she sold it. She still didn't quite make up the contract price so she owed what was left. May or may not be directly applicable, but it just demonstrates that leasing is almost always a better deal for the dealer than the consumer. And don't expect the buy price at the end of the lease to be a good deal.

The better deal would be to find something a couple of years old and buy that. Still really new, but it's already taken that price hit from when it drives off the lot for the first time.

 

Good points. I have bought 3 cars in the past and once I sold them I felt like I lost out on a lot of money so it makes me lean towards leasing at least to give it a try

 

You're gonna lose money on cars. Leasing means you lose more, not less.............

 

I look at leasing as renting an apartment instead of buying a house

 

In some states renting an apartment is better financially than buying a house.

Same goes with leasing cars. You have to do the math on both and look at the mileage restrictions.

Leasing is sometimes the better deal.

 

Well I just leased a 2016 wrangler unlimited ****** for $295 a month for 12,000 for 3 years. I think I got a pretty good deal and got to keep my cobalt

 

It looks nice man congrats

 

Thank you I'm happy with it

 

Good deal. That's what I was going to buy if I got the salesman position with Coca Cola a couple years ago.