Hi Scotty. I normally would not lease a car but because of my circumstances back in 2018 I leased a 2018 Honda Civic LX with the 2.0 liter engine and not the 1.5L turbocharged. My daughter is in college and she drives it most of the time. The lease is up now and my residual payoff is 12,600.00. I'm strongly leaning towards just buying it outright as it only has 28,000 miles and I do my own oil changes and maintenance. Online websites like Carmax, etc. are showing a car like this selling now for between about 22 and 25K dollars. It seems like buying it is the right thing to do. Your thoughts?
I would buy it if that's the price, I would doubt if you will find a better deal. Plus you know the car is good!
@JLV can you copy and paste your answer into the ‘Your Answer’ section down below? Thank you.
Yep! Buy it up. And if you change your mind the resale value will be good.
Yes, I would buy it, especially since it has the 2.0L naturally aspirated I4 engine, sadly a dying breed for Honda now. Does it also have the 6-speed manual? That would be a winning combo.
Buy it without a doubt.
Just don’t think much longer and buy the darn thing! Even if you don’t like it, … you can punt it for a lot more right now, …
New car lots are empty right now (other than Chrysler and Mitsubishi in my end of woods!), … and used cars are priced are elevated to levels that normally would make your nose bleed, …
F.S.
As long as the going market price is nearly double the buy out price, there is no question but to buy it. If you wanted to, you could buy it out, sell it and put $12,000 in your pocket.
