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Tuesday 26 September 2017
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The Car Pro Show 11-17-12

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4 thoughts on “The Car Pro Show 11-17-12

  1. Bridget

    I have a question for you. Say Im $5000 in negative equity on my leased car. By the time the car is up on the lease I will still be over head. If I want to buy it a bank won’t loan me the money for more than it is worth. I’ve worked up a deal to trade in our paid off older SUV to eat the negative equity on the leased car and buy a truck. It would take our 5,000 over head to $842. However we would be buying this truck on a new loan and it’s older and has more miles. I’m thinking it’s good to get out of the lease before we get to the end and have more issues? Please help!

    Reply
    1. Michele Sanders

      Bridget, I really don’t have enough info to tell you for sure. You don’t say how you are doing on your miles. If you are not going to be over on your miles, you can’t be upside down at the end of the lease.

      Feel free to shoot me an email at jerry@carproshow.com, and let me know on the miles.

      Jerry Reynolds, President
      Car Pro Radio Network

      Reply
  2. Roselyn Smith

    Hello,

    What do you suggest.

    I have a 2014 Toyota Corolla with 47,000 miles. I pay $377.00 a month for my car note and my lease is up in April 2017 and Toyota is already trying to get me in something new.

    Even if I turn my car in I do not have any money to put down and my credit score is fair

    I may turn in the Corolla and walk away because my dad said he would give me his 2003 Toyota Avalon with 60,000 and then I can save up some money.

    Reply
    1. Jerry Reynolds

      Obviously the free Avalon makes the most sense economically, especially with the low mileage and their good record of being reliable. I’d finish out the lease on the Corolla and take the Avalon. You can use the walk away option within 30 days of your last lease payment. GOOD LUCK! – Jerry Reynolds

      Reply

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