So tomorrow the other half, her father, and I are going to get a new vehicle for us tomorrow. We are looking to get either a 2005 Explorer or possibly an F-150. We have three vehicles right now; a leased 2005 F-150 which is mine and I love it, a 2005 hyundai elantra that I bought for her, and her 2003 Dodge Stratus SXT. We are going to be trading in the F-150 and the Stratus for a new vehicle that is safe, can haul, tow, store stuff, and can comfortably seat a family. My question is I have one purchased under my name already (the Elantra). We are debating a few things.
Do we want to buy this vehicle, or lease it? We are trying to keep the payments as low as possible... around 350 a month. I already have the debt from one vehicle in my name, do I want to put another one on there? We are getting married in June, having a house built, and starting our lives together. I think at that point my debt legally becomes hers anyways doesn't it?
I am torn because at the end of the lease, we would want to buy the vehicle. However in the end I believe we end up paying more money for it. On the other hand, I could stretch out a loan over 6-7 years and get around the same monthly payements without having to deal with the lease being up or refinancing.
What do I do? [img]/images/graemlins/popcorn.gif[/img]
Do we want to buy this vehicle, or lease it? We are trying to keep the payments as low as possible... around 350 a month. I already have the debt from one vehicle in my name, do I want to put another one on there? We are getting married in June, having a house built, and starting our lives together. I think at that point my debt legally becomes hers anyways doesn't it?
I am torn because at the end of the lease, we would want to buy the vehicle. However in the end I believe we end up paying more money for it. On the other hand, I could stretch out a loan over 6-7 years and get around the same monthly payements without having to deal with the lease being up or refinancing.
What do I do? [img]/images/graemlins/popcorn.gif[/img]
Comment