And that’s admirable. We’re not trying to insult you.

But we ARE trying to encourage you to broaden your thinking a bit. You can give your wife a good car AND make a smarter financial choice than leasing. You can find a gloriously pristine and very gently-used car that still has a solid warranty and won’t give you any trouble for three years. These cars are tough to find, but they are worth all that effort when you find one. Good places to start might be cars that were leased and returned, or something Certified Pre-Owned. CPO cars are deeply inspected, and are basically as close to new as you can get for a solid used car. Other people have good luck with former rentals, which tend to be maintained meticulously by a corporation (with records to back it up).

Get your wife a solid car, and it will last her a lot longer than 36 months. You know what feels even better than a “nice” new car? One that’s paid-for, clean, and runs like a top. That way, you two can start building your real future, and not be bogged down by endless payments on a rolling depreciating asset. Spend your money on a house, on vacations, on a life. Give her THAT kind of nice.

And whatever you do, stay away from Nissan and Fiat-Chrysler. They won’t even last you 36 months.

its mainly about convenience, piece of mind and knowing I won't lose unnecessary money at the end. If I could get the deals we were getting a few years back I would finance In a heartbeat and sale the car after 3 years as Toyotas hold their value

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

You may find these links helpful:

• 401(k) Fund Selection Guide
• 401(k) FAQs
• "How to handle $"

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

[removed]

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

>I don't want to worry about repairs

If you buy a new car as you seem to be fixated on, you likely won't have any repairs in the three year period you are talking about. Just my opinion. Nothing wrong with buying a new car if that's what you want to do.

That's because you are asking a question about car prices on a finance forum. Everyone is telling you it is a bad financial decision to lease, if you don't care that you are making a bad financial decision, then maybe you be better off asking this on a car forum or car leasing forum.

If financing through the builders lender falls through, I'll get my 10% that I already put in back. I don't expect financing to fall through. There's no other scenario where I'll get my 10% back.

To your second point, well I'm not trying to time the market! All I want to do is hedge against a possible loss.

If everything crashes, I make a profit in my hedge account that I'll use to neuter my ill timed house purchase.

If everything stays the same, I don't incur any additional loss.

If housing market goes up and/or mortgage rates go down, I'll consider I bought a house I wanted for a cheaper cost and/or at a lower rate, than at closing.

I think I covered all scenarios. I'm not trying to time the market. I'm just trying to build the right portfolio that doesn't make me an overall loser in 6 months.

can you sell options against shares? otherwise if you don’t have a 20 year horizon tech has more pain ahead. Dump it on the next pop

>Your leasing arrangement seems mathematically sound. But that doesn’t make it a wise thing to do with your money.

Thank you, I'm on a mission to provide my family with the best life possible. I know I will give my wife a better car once I'm doing well so I just don't want to lose unnecessary money when I know I won't keep the car for long. Thats why in my post I ask what are some other brands I could look at. I just want transport for her with no need for repairs or headaches. I might look at kia or hyundai as Toyota is higher quality=higher price.

Sorry I think I’m confused. Are you trying to buy a second car? Or trying to upgrade the quality of your current car?

You seem fixated on not being upside-down. This is very easily avoided with Toyotas. And if that’s not enough, you can put down a down payment and finance it.

Leasing a car virtually never makes financial sense. It’s a waste of money, no matter what your preferences might be. This sub won’t give you the kind of back-slapping supportive advice you might wish to see.

Your leasing arrangement seems mathematically sound. But that doesn’t make it a wise thing to do with your money.

What are the contingencies that you have with the contract you have signed? Are you willing to walk away if the value goes down? If financing falls through can you even do that?

Timing the market is generally a fool's errand. I get wanting to try to minimize a possible loss, but 6 months is not much of a timeline to make money to deal with an issue you are worrying about.

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.

Nah, timeshares are far worse. Leases do have an end. Timeshares are often for life.

what if I financed and the market drops, and I still owe more than what its worth? If I don't need the car, that would mean I'm going to have to pay to get rid of it. how much do you think the price of a 2023 corolla le with 30k miles will be 3 years from now?

Yes, you can just walk away and the lease company will be thrilled when you do. You will have paid them about $16,000 dollars and instead of you owning the vehicle at the end, they will.

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

Do you need 2 cars?

put 15k miles on it, made 1,500 profit on it and bought TRD Camry with a 369 payment, 72 months.

[removed]

While it's true that it's money that I've put aside for down payment:

1. If everything crashes in 6 months, my home appraisal could come at a lower price and I may have to come up with extra cash at that point. Any profit from a hedge I place will neuter that loss for me.

2. If it goes up in 6 months, I do have an emergency fund I can lean on to cover my losses in my hedge account.

Yeah the chip shortage has definitely screwed around with the used car market. What happened to your old Corolla?

Same experience, opened account prompted by that same promotion, a short time after the end of the time period, the bonus was paid as promised.

No mess, no fuss, it works fine.