Quote:
Originally Posted by Scrapula
I thought about it, but I am 67 and retiring in 3 years. Social security will be less than half of my current salary, plus I have free medical now and have to pay for Medicare. Will I even qualify for a $100k vehicle? My husband was laid off in November and still hasn’t found work and might not. That reduced our income by $200k. We can survive on my income, but there were just too many unknowns. If I bought it out after the lease, I would have a higher interest rate and another 5 years of payments with no job income. I can retire with a vehicle I own outright.
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I appreciate your response and the decisions you made for reasons that were important to you. I just retired last summer and but have some invested resources that were helpful…I had no problem qualifying for a lease. Everybody has different circumstances however.
I’m conservative financially so I don’t acquire a new car unless I have enough $$ to buy with cash. I leased only because is was a far better decision for me financially.