I plan on entering law school next fall, so of course I don't want to have to take out more student loans to make a lease payment. However, my car is not under warranty as of this October and I won't be able to pay it off before law school anyway. I'll be close, but still a few thousand short. It's a Honda Accord and it's great, but I have the worst luck with cars not under warranty. Should I go ahead and sell it, then put the cash into a lease of a new Accord (payments would be the same and it'd be under a full warranty) or should I just not get into more debt?
2006-08-01 11:19:18 · 3 answers · asked by Kader 3 in Entertainment & Music ➔ Polls & Surveys
Pay it off. You'll get almost as much when you sell it in a couple years as you would if you sold it today. Hondas and Toyotas hold their value. Besides - it's a Honda! It shouldn't have any major problems!
2006-08-01 11:23:42 · answer #1 · answered by Tygirljojo 4 · 0⤊ 0⤋
One of the biggest benefits of a lease is the fact that if something happens to it, it will be replaced. Owning a car does have advantages too so its kind of a toss up.
2006-08-01 18:22:58 · answer #2 · answered by Chupacabra311 2 · 0⤊ 0⤋
pay off your car
2006-08-01 18:27:58 · answer #3 · answered by Anonymous · 0⤊ 0⤋