Tuesday, April 15, 2008

Car Woes

So how expensive would it be to rent a car for a few months? The problem. Our plan was to lease a car for another three years. We did budget for the monthly payments of around $240 per month. What we did not budget for was the $3700 down that we paid last time. Opps!
Our options are lease something lease expensive or finance a used car.

Quotes to date for leases:
Minivan midlevel -$379 per month; plus inception fees (15K per year for 3 years)
Minivan base model -$259 per month (additonal $12 for 15K); plus $2400 down plus inception fees


Mommychicky said...

I'm not sure how this would work out, but have you considered buying out the lease on your current minivan?

Motherhood101aplus said...

While we did budget for $240 per month for a car payment; our escrow amount on our mortgage also went up by $50 per month. (50*12+$600 per year) Bummer!