Be careful, there may be a lot of stupid questions ahead.. you have been warned.
Good Afternoon everyone, I am thinking of buying a mini van. Previously, I bought (fully paid) a used car Toyota Camery 2007 SE for my parents and still used local transportation. Now we have baby number 2 on the way so we are thinking of upgrading.
Things we dealth with Camery,
My brother uses the car, can change oil and normal tire rotation. I am not really into cars.
If you don't know mechanics you get royally ripped off. My brother has been ripped off many times .. (he never learns ...)
Sometimes the old car breaks and you spend 500+ dollars to get repaired.
We are looking to get New Toyota Sienna 2021
Question is buying vs leasing.
If I buy, I can put down 20K Canadian and the rest either take it from bank or Toyota's financing .. who ever gives better interest rate.
I have excellent credit ... I am the nutcase who pays the bill the day I receive them... Credit Cards Clear... etc
If I buy and go with financing, after 3 to 4 years of payments, the car will be mine but .. then the car will eventually need more care... more mechanic visits and $$$
If I go with lease, I can go back in 3.5 to 4 years (Depending on lease) and get a new van and does have to face the headaces of getting ripped off my mechanics ...
My question is, I have never leased a car before, after the lease do I still have my 20K if I opt out of lease ? I am sure there is some fees associated.
What would you guys recommend..?
Thanks for your time.
Good Afternoon everyone, I am thinking of buying a mini van. Previously, I bought (fully paid) a used car Toyota Camery 2007 SE for my parents and still used local transportation. Now we have baby number 2 on the way so we are thinking of upgrading.
Things we dealth with Camery,
My brother uses the car, can change oil and normal tire rotation. I am not really into cars.
If you don't know mechanics you get royally ripped off. My brother has been ripped off many times .. (he never learns ...)
Sometimes the old car breaks and you spend 500+ dollars to get repaired.
We are looking to get New Toyota Sienna 2021
Question is buying vs leasing.
If I buy, I can put down 20K Canadian and the rest either take it from bank or Toyota's financing .. who ever gives better interest rate.
I have excellent credit ... I am the nutcase who pays the bill the day I receive them... Credit Cards Clear... etc
If I buy and go with financing, after 3 to 4 years of payments, the car will be mine but .. then the car will eventually need more care... more mechanic visits and $$$
If I go with lease, I can go back in 3.5 to 4 years (Depending on lease) and get a new van and does have to face the headaces of getting ripped off my mechanics ...
My question is, I have never leased a car before, after the lease do I still have my 20K if I opt out of lease ? I am sure there is some fees associated.
What would you guys recommend..?
Thanks for your time.