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Trade in or down payment

March 12, 2024
in Personal Finance
Reading Time: 1 min read
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Good day everybody!

I simply want some insights relating to my ideas on shopping for a brand new greater automotive.

I nonetheless have a automotive beneath lease for about 17 months now. Since I’ve my mother and father will come and stay with us (they’re from the Philippines) after all we want a much bigger automotive as a result of we’re already a household of 5. And I additionally ask the gross sales agent if I will commerce in my automotive it’s going to value me $406/bw to get the larger one. How ever I am considering if it is gonna value me that a lot, why not purchase a brand new one with a down cost. Because it wil be extra handy to have 2 automobiles since my husband and that i received completely different work schedule and my youngsters wasnt capable of avail the varsity bus as a result of had been contained in the 1km radius. My cost for my automotive as of now could be $650/month.

What’s extra splendid to do?

A. Commerce-in and purchase a much bigger automotive or
B. Purchase one other automotive (greater) and put down a down cost

Thanks upfront. .

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