Lease buy out or new lease same payments
So currently I have a car that is an accord 23’, 83k miles but leased. No warranty and I will have to get new tires , replaced windshield and get speakers. Other than that no problems with the car . The lease ends on July 1 at but I have a 19 day grace to make a decision.
I have 18k left on the car and could do finish paying it off in 3-4 years if I finance but I believe I would be above 10 percent interest . The thing is , I can get a new 26’ accord same model for the same payment I make now 420. I can even get an upgraded one for 450 and no down payment.
My job has also been doing lay offs as well so I’m kinda stumped on what I should do . If I do the lease I won’t have to worry about any maintenance up to 36k miles but I do drive a lot . If I get laid off I’ll have a new car same payments and won’t have to worry about surprise cost coming up .
I forgot to add as well they said my car is worth 21k but I have 19,009 left. Let me know what you guys think!