🔺 r/personalfinanceuPlantFragEnthusiast·35 days ago
Time to buy a new car. I just put down a refundable deposit to order one that I like. I got it for 0% financing for 48 months. Now my question...
My current car (paid off) is worth $10,000. I plan to either sell it or trade it in. What would you do? Sell my old car and keep all $10K and finance new car without trade in or down payment: pay monthly payment of $1000 for 48 months Sell old car, keep $5K, put down payment $5K for new car: pay monthly payment of $900 for 48 month Trade in old car ($10K) for the new one: pay monthly payment of $770 for 48 months Note: all 3 options above will qualify for 0% financing for 48 months. submitted by /u/PlantFragEnthusiast to r/personalfinance [link] [comments]