My current car I owe 27k and it’s worth about 22k. How would I go about getting a new one? Lease the next or finance? I know if I was to buy a new one they would add the remainder of the balance of my current car loan onto the new one but I don’t want to have that happen? Advise please.
Responses (2)
You make up your mind that you will never buy another car with payments, and that is how you avoid falling into that trap again. I used to ride a bicycle several miles to work while I saved to pay cash for a car. That is the most wonderful feeling of being in control of your own life.