Hi everyone,
I have a question regarding my leased car that is a 2018 Tucson, Value edition. It's been 2yrs since I have this car and overall it's good (it's a family car for us-we usually drive it for shopping and sometimes travel). The mileage is around 27 mph. It's sporty with 19-inch alloy rings, moon roof. I have 14000 miles on it, and I wanted to ask your opinion about keeping it after the lease is over or return it. In terms of liability, would it worth keeping this car and drive it for let's say 5years?
It should definitely be good for 5 more years since you drive less than 5k/year.
If you plan to keep it for more than 100k miles, I would say No, it does not worth. I know you leased the car so far and you loose money if you return it but you should check how much money are you planning to pay of you want to buy this car and see if you can buy a good used Toyota it Honda with that. Although, it all depends on the fact that you want a new car or a used car will work for you too. Hope this helps.
Thanks for your comment. Yes, we don't drive that much, and because of that, you recommend keeping the car, and it is worth refinancing and buying it?
Whether a lease is good, depends on the lease. For long term ownership of a vehicle, I've never seen where a lease makes sense for the users needs of the vehicle.
Thanks, guys.
With the rate that we're driving, I don't see myself driving it above 100k. The lease ends in summer 2021, and that's the time that we're gonna move from Boston to LA. I'm thinking of returning the lease and, when in LA, get a hybrid Toyota or Honda considering the insane gas price in CA.
Those cars are generally good for at least 100k. I have a Sportage (basically a Tuscon) with 130k miles no problems but then again mine is not GDI not turbo and is a 2.0 from 2009 (USA). SO be wary bc yours is risky after 100k but if you just leased it you know the history and just keep it.
