QuestionHi,
My wife and I are thinking about getting a new car, but we are worried about timing. Currently we have a 2000 Chevy Impala LS and we ar upside down by about $3000-4000 and we think that leasing would fit us better. We have very little to put down on another vehicle and this one is high milage.
Should we bite the bullet and get another car now, wait till we have paid more towards this one and how will the upside down affect the lease. Also should one wait until fall to buy to get the best price with the newer models coming out?
Thanks!
Charles
AnswerHi Charles
Don't go finance or lease a car with negative equity, you will be in a worse situation than you are now down the road, make your Chevy last and trade when your not up-side down, I know its easy for me to say but trust me you will be better of in the long run.
As for buying or leasing please go to this web page on my web site http://www.usedcartips.org/BEFORESHOP.html for a better understanding whats best for you, leasing is not for everyone, personally I don't favor leasing.
As for you buying getting a better deal when the new models arrive, thats a myth, when your on my website navigate to this link http://www.usedcartips.org/besttime.html it will explain when the best time to buy.
Should you have further questions feel free to ask
Regards
Ray
