Looking to get some advice on a topic that is somewhat stressing me out and I would appreciate some feedback!
So I leased my 2015 Acura ILX and it’s coming to an end in October of this year. I like my car a lot, however, it seems like the market value of my car is going to be much lower than the residual.
I believe my payoff will be about $16500 (before taxes, fees, etc)
The car is a 2015 Acura ILX 2.4 6-speed manual w/ 52,000 miles.
Option 1: Is for me to just buy out the car.
-Can I negotiate my end of lease price whatsoever?
Option 2: My dad wanted to buy my car out, which leaves me car-less and in the market for a new one.
I’m somewhat leaning towards this option, as my ILX is still in the family and the option of getting something cheaper and newer is enticing.
I drive 50 miles round trip to work through downtown Los Angeles, I go out of my way for work (they reimburse me for driving) I fill up weekly, sometimes more. My Acura ILX despite being a manual was pulling roughly about 33mpgs and I want something similar to that.
I was looking at the option of getting a Chevy Volt ('13-15) as they’re pretty efficient, and I can take the express lanes to save time. However, I’m pro-Japanese and not quite sure what comes with the reliability and maintenance of these cars.
I don’t want to sound snobby, but being in a fairly nice, comfortable, reliable car is definitely a need for me. I spend at least 3 hours/day in it, so I guess you could say that it’s pretty much the standard now.
I definitely enjoy a sporty car, so a VW GTI was an option, Mini Cooper, Scion FR-S, but then again reliability is a very strong point for me. Looking to keep the price of the car around $15,000.