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So my hopes and dreams were crushed yesterday

4707 Views 28 Replies 12 Participants Last post by  9
I stopped at Ford on the way home from work to see when I can turn my 2011 Fiesta in (lease ends in June) to get an ST. He said I can trade it in now without having to pay the 5,000 miles I'm already over. So we go to talk about what the pricing would be. I told him exactly what I wanted, and he told me since my car is negative equity (no idea what that means) the better option would be to buy an ST. So he gives me a price of $370 a month. I'm like whoa that is amazing. I was expecting it to be like $600. He walks away and comes back and all of a sudden it goes from $370 to buy to $490 to lease for 72 months. I can barely afford that price, I'd be broke (with stupid school loans, otherwise I'd be able to do it) and there is no way I'm being in a lease for 6 years. So I don't know what to do now :(
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I've seen too many friends who were upside-down on their old car, and roll that debt into the next one. Don't do it.

My new ST is the very first new car I've owned that wasn't a "loss-leader" of some sort. And I'm well over 50 years old. Do not make yourself a slave to your car payment.

You are correct though in your statement about a six year lease. Run run run run away from anyone who would suggest such a thing.
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