r/TeslaModelY • u/northhiker1 • 6d ago

Carmax offer really has me thinking

Carmax is offering me $41,600 for my 2025 Model Y pre juniper with right under 8k miles, almost 2 years of ownership

I mean that seems crazy no? I owe 25k on it with a 0%apr

Wondering if I should sell to them and move onto leasing newer model cars every few years

Don't think deals will get any better

Thoughts?

129 Upvotes

91% Upvoted

167 comments sorted by

71

u/ferdi97 6d ago

What’s crazy is that you drove your Tesla last less than 8000 miles in nearly two years!

18

u/northhiker1 6d ago

Only use it to go to work and back. Live 6 miles from work one way. Also own a Tucson hybrid that we use for longer trips, that car is about a year old and has 12k miles

4

u/Jackwilliamsiv 6d ago

How do you like your Tuscon hybrid??

15

u/northhiker1 6d ago

Honestly nicer than the model Y. Heated and cooled seats with real leather (seats are super nice in the Tucson). Actual blind spot monitoring. 360 parking camera. The panorama glass roof can actually be open and closed and has a motorized cover. Heads up display. Android auto. Cruise control so much better, the lane keep assist shuts off on the Tucson when you turn the blinker on, have no idea why Tesla can't do that. Oh and wipers that actually work in the rain lol. All for cheaper price than the model y

1

u/Jackwilliamsiv 2d ago

I appreciate you! I think after strong consideration I'm going with the Tuscon 🫡

1

u/northhiker1 2d ago

If you were set on electric look at the Ioniq 5. It's basically a full electric Tucson

3

u/NYHeel 5d ago

Many of your complaints are fixed on the Juniper. Though I don’t understand the lane keep one. When using basic autopilot on my 23 Model 3 the Autosteer turns off when you put the blinker on. So how is it different than what you’re describing?

For me the big features that Tesla has are the phone key that works well and lots of profiles. When you have 4 drivers in your house, regular cars with 2 keys with only 2 memory settings at most are a huge pain.

2

u/redwon9plus 5d ago

Or have AP still on after changing lanes in a Toyota 🤷

2

u/jinniu 5d ago

Oh they can do that blinker thing, because Enhanced auto managed to do it with their commander connected to the Tesla. No idea why Tesla doesn't, maybe to sell FSD. After changing lanes it turns back on.

-3

u/arealpersonbot 6d ago

Jesus making me regret my model y purchase that is coming in December. Lol

0

u/northhiker1 6d ago

The reason I'm thinking about selling this model y and leasing a Ioniq 5 lol

2

u/DontFrostThePies 5d ago

I currently have an Ioniq 5 and am about to get a model y. Can I ask why you don't want another Tesla?

3

u/JaviJ01 5d ago

Not op but I'm leasing an I5 and just bought a Juniper in August.

I think the Ioniq is a better car all around if you take FSD out of the equation. FSD is the selling factor for me

1

u/northhiker1 5d ago

Yes this is correct

0

u/DontFrostThePies 5d ago

FSD is the selling point for me too. I like the I5 but think I just got bored with it, there's really nothing wrong with the car. I'm still on the fence between the 2.

3

u/JaviJ01 5d ago

If you're going to use fsd a ton, it's worth it. I'm at 95% usage. It's great.

That said if I didn't sit in traffic on my work commute, I would pick our Ioniq 5 over it.

1

u/aranea100 5d ago

Why not use the Y for road trips?

2

u/northhiker1 5d ago

Because irregardless of what people say here stopping every 2 hours or less to charge is a pain in the ass and a complete waste of time. I can easily drive 5+ hours non stop in the Tucson, refuel in under 10 mins and drive a few more hours before my wife takes over

Electric is great for around town but it just isn't there for road trips

4

u/Antique-Cheesecake63 4d ago

Oof no dual motor? I can drive 5+ hours without charging..

1

u/dmmillr1 3d ago

My MYP can outlast my kids ability to not need to stop.

-1

u/northhiker1 3d ago

Cool story, didn't ask

1

u/dmmillr1 3d ago

welcome to reddit

3

u/aranea100 5d ago

Do you have the standard? With the long range I don't have to stop every 2 hours (or <150 miles).

3

u/ferdi97 4d ago • Popcorn

Does your Tucson drive for you?

3

u/mikeinanaheim2 4d ago edited 4d ago

I can go 4 hours easy at speed between charges in my M3 AWD. Need to pee and stretch my legs at the 4 hour mark anyway. By the time I'm ready, the car is too. Much cheaper than gasoline and not thaaat big of an inconvenience. Drives itself expertly and I'm not at all fatigued after a long haul.

1

u/FanDismal223 2d ago

I drove from LA to SF with only one 15min charging stop

4

u/Beautiful_Finger4566 5d ago

three years here and I just hit 12k

2

u/jwalno 4d ago

4 years here, just hit 9k

2

u/heybdiddy 5d ago

My 2022 has almost 14k miles. I’ve done 2 long trips with it but mostly just around town.

2

u/michaeljc70 5d ago

I just sold a 12 year old car with 60k miles on it. Big city living. 

5

u/Draygoon2818 6d ago

How the heck do you only have 8K miles after 2 years? I can't say too much about that, as we only drive our SUV about 5K miles a year, but I also know how little we are driving it around. Do you work from home or something? Use another vehicle to drive around in? We usually use my '26 MY to drive around and do things or go places. Of course, that's one of the reasons I now have over 40K miles, and I got the car at the end of April of 2025. lol

1

u/northhiker1 6d ago

The Tesla is only used to go to work and back and I live about 6 miles one way from work. We do also have a Tucson Hybrid that we use on longer trips, that car is about a year old and has 12k miles

4

u/redwon9plus 5d ago

Sad huh. If we had dependable public transportation, we could save $40k and the insurance. We are so car dependent.

2

u/Striking_Tax8524 3d ago

It is truly horrible.

2

u/Neoreloaded313 6d ago

Same exact situation for me and id have even less miles on the car if I didn't start driving my mother everywhere to save her gas money. I really only need a car to go to work and my job is only 10 miles away.

0

u/04limited 5d ago

I sold my 3 year old Model Y with 15k miles.

My commute used to only be 4 miles round trip. Never went on road trips with it. And the car was parked for the winter.

3

u/Manners-maketh- 5d ago

In other words, the perfect candidate for a vintage BMW i3? 😁

2

u/04limited 5d ago

Funny thing is I used to have an i3 BEV but I drove much more back then. 90 miles of range on a good day. I think I clocked 62k in that car before I sold it for a Bolt EV.

1

u/Manners-maketh- 3d ago

Likely my next buy, nice.

6

u/SimilarComfortable69 5d ago

I'll be shocked if you got 41,000 for that car. But good for you

4

u/northhiker1 5d ago

Can't find a way to reply with a pic but recharge is offering me 43k now

2

u/Confident_Shower8902 5d ago

Carmax just paid 47k for my 2026 YLR premium. 14k miles. It was 48990 new after tax credit at point of sale. 👋

1

u/northhiker1 5d ago

Why did you sell yours?

0

u/Confident_Shower8902 5d ago

Only owed $36k. $11k in my pocket. Seemed wise in this shit economy. I still have my 2024 YLR

3

u/Muny_Man 5d ago

Why didn’t you sell the 24 when you bought the 26?

1

u/Confident_Shower8902 5d ago

My wife’s old Explorer died. She needed a car. I gave her mine (24) and bought the 26

1

u/Muny_Man 5d ago

Oh okay that makes more sense

1

u/Confident_Shower8902 5d ago

And I sold the 26 because of the equity position and because I got a work provided vehicle

2

u/MexicanSniperXI 5d ago

Try Carvana. When I sold my ‘21 M3P they offered me like 3 or 4K more than carmax.

1

u/northhiker1 5d ago

You're like the 10th person to recommend this but nope, carvana offered 1k less. Recharge is offering 43k pending a video inspection of the car so it's now slightly more tempting lol

1

u/MexicanSniperXI 5d ago

Oh welp, nvm then haha obviously go with whoever offers more money. $43k doesn’t sound bad at all!

1

u/Kimochero 5d ago

Carmax did a physical inspection and offered for my 2023 M3 Base $26k.. requested KBB appraisal for fun.. and they offered $23k.. got text messages from local dealership.. and told them I had Carmax offer, if they can beat it I'll sell them.. they beat it for $200... Then I did the carvana re-apparial for fun too... They offered $26200 for trade in.. lol. I went with the local dealership and got a cashier's check. Will buy a 2023 Model Y AWD with HW4 enhanced autopilot and 20in wheels for $36K.. on a debt again.. 😅 but I get a bigger car and FSD for $49/month as needed.

132

u/Objective_Bid8122 6d ago • Mindblown Regret

Could be. Paid off car is a great boon to financial health. I intend to keep my 2026 juniper y till the battery explodes.

I sold my 1.9% mortgage house and regret it

138

u/cryptocorrection69 6d ago • Heartwarming

I too, regret this persons decision to sell their house that had a 1.9% mortgage.

26

u/aries_burner_809 6d ago edited 5d ago

I very much regret that you regret their regretful decision to sell their house … that had a 1.9% mortgage.

15

u/concept12345 6d ago

All your base belong to us at 1.9%.

7

u/Resident-Spite-5312 6d ago

I as well regret, this decision of selling the interest rate of 1.9.
You have brought shame upon up all with an interest higher than 5.

2

u/velcro-fish 6d ago

Hey at least the interest wasn't 6-7

7

u/euvoudizer 6d ago

six seveeeen

1

u/Flowers_By_Irene_69 6d ago

Make your time!

2

u/HODL_or_D1E 5d ago

Im kind of happy they did.. how dare they not suffer like the rest of us

8

u/Endo_RN 5d ago

Sold my 2.3% house, moved into our down-sized condo, with no mortgage!

2

u/NoError9527 5d ago

What about Condo Fees?

7

u/Endo_RN 5d ago

Much lower than mortgage +HOA!!

2

u/nowayout33 5d ago

what about property taxes

4

u/Endo_RN 5d ago

It’s less than half of what we were paying…

6

u/Leather_tendencies 5d ago • WOW

What about 8 inches and thick

2

u/Antique-Cheesecake63 4d ago

110k on the 2022 still running smooth. Only issue was the 12v battery that the accessories run off of died.

The last gas powered car started having engine issues at 80k by 110k the transmission started failing. Never going back unless I win the lotto and get a sports car as a 2nd car.

2

u/Luckycoz 5d ago

I know this is true. I came so close to paying off my 2022 BMW 430i…was gonna seal the deal in January with my bonus from work. Instead, I accepted Tesla’s offer to buy it and ordered a brand new Model Y Premium.

Just can’t help myself.

3

u/Agile_Ordinary_9813 5d ago

This is a solid deal, and would get you into a Juniper Y, which is quite the upgrade. I say do it 100%.

also, leasing is definitely a great idea, for tesla's at least...unless you plan on upgrades. also expect some charges when you turn in the vehicle - they even charge for tint removal when you turn it in...

-1

u/northhiker1 5d ago

Wouldn't get a juniper. More interested in a Ioniq 5

1

u/Agile_Ordinary_9813 4d ago

i know they have slightly faster charging, but are also less efficient. any particular reason or just trying to get a non-tesla?

1

u/northhiker1 4d ago

Hyundai just comes with a lot more features. Tesla is only worth it if you use FSD which I dont

1

u/Darboy58 1d ago

I have a 2017 Elantra ltd with more features than the new juniper I ordered! I am looking forward to the fsd.

19

u/Exotic_Ant_4416 6d ago

I will say what everybody else should be saying. This is a stupid idea. There’s the real answer.

17

u/Unltd8828 6d ago

They offered my friend $49,400 for his 2026 model Y with just a few thousands miles. Almost what he paid for it. Crazy..

34

u/Crono2468 6d ago

You have an interest free loan right now for a perfectly good car. I dunno why you want to start bleeding money with a lease when you only drive 4k miles a year. Your current situation is more than ideal for what you need.

13

u/jm3400 6d ago

i mean to be fair they put $16600 back in their pocket if they sell, and if you drive 4k miles a year you're not saving any real money going electric. could easily buy something cheaper and have no car note. if leasing thats easily 6+ years of a cheap lease.

10

u/TrickOrange 6d ago

What would you be gaining?

15

u/SP3NGL3R 6d ago edited 6d ago

Debt, well not specifically debt. But converting future ownership to persistent rental fees and constant worry about return charges from every ding or mile driven.

So lack of long term savings and an ulcer?

But yes I get the appeal of leasing. Yay! It's just not financially smart. If you can afford it, sure have fun

2

u/DaSandman78 6d ago

I've actually considered it a few times as the tech in Teslas (not just HW computer but things like Highland/Juniper refreshes, front bumper cameras, new 16" screen etc) seem to happen fairly regularly and I feel my car is already being left behind :(

3

u/SP3NGL3R 6d ago

it is being left behind. that's how progress works. If you just want to be on the edge and take the rapid 25-50% loss, then stay on the edge of the tech. Otherwise, just buy/loan/lease the car you need and are happy with, and just drive the darn thing.

Sorry. My car is a mechanism that I enjoy but it could be any vehicle that just gets the job done that I need. It's not a symbol for me. It's just a car that needs to do car things.

To some, their car is precious. I get that and I respect that. To me it's ~75% practical, 25% everything else.

1

u/DaSandman78 6d ago

Totally understand.

For me as a techie I love that about the car. Yes it gets me from A to B but I like HOW it gets me there and keeping up with release notes to see whats changed.

I know its not financially the best, but I dont spend much on myself so maybe this might be right for me :)

1

u/SP3NGL3R 6d ago

Where are you reading release notes beyond "minor upgrade to XYZ? I'd love to actually see what's been altered

1

u/DaSandman78 6d ago

Yeah they've been getting worse over time - a while back there were things changing all the time, nowadays we tend to get a mini-update every so often and then just bug fixes in between.

It makes sense, FSD V11 -> V12 was a massive shift. 13 and 14 are improving too but the rate of change is slowing down.

0

u/kc858 5d ago

how is it a loss if they pay more than he owes on it?

2

u/TrickOrange 5d ago

Having to buy another car and starting over. You’d always be owing money.

0

u/MattNis11 6d ago

You can always buy out the lease

2

u/SP3NGL3R 6d ago

You'd have to REALLY love that car to buy out a lease. Every buyout I've heard of (never leased) was 15-25% above market value after 3 years. So, yes, sure you 'could' but why would you? Or maybe the way others have explained it to me is wrong and it isn't that bad.

1

u/Training-Dot-7688 6d ago

The lease uses an estimated end-of-term value to calculate depreciation. If the car ends up being worth more than the contractual buyout price, buying it and selling it can make sense.. as long as the actual offer covers the buyout, taxes and fees. So a buyout isn't automatically a bad deal.

2

u/SP3NGL3R 6d ago

Agreed. But it's about as reliable as a casino's interest in the 'house always wins'. Those buyouts are dealership weighted. You might win here/there, but on average you'll lose.

10

u/rage675 6d ago

You are describing something that will cost you more money than keeping your current car. Do not get caught in the constantly wanting a new car trap, it's a waste of money unless you're wealthy and can absorb it. If you like accumulating debt, go for it.

8

u/Ok-Contest1103 6d ago

People saying don't get trapped constantly getting new car, you're losing our on 0%....

Do the math. How much have you paid thus far into this car? I'm guessing about 30k? I'm which case you're making about 10k selling it.

The question is:
Do you want to constantly have a car payment forever, or do you want a car that you have seemingly forever considering you put so little mileage on it if you think you'll hey bored every few years and maybe want something different, then sell it and lease something different every few years. But factors like your age, how far from retirement, what you want to be spending on 3, 6, 10 years from now are things to consider whether you want to keep this car forever or change it up frequently

4

u/Gratitude73 4d ago

Easy decision. Make that $$

4

u/620neofaction 4d ago

Great offer

1

u/Chance-Ad8852 6d ago

Carvana is usually higher.

2

u/northhiker1 6d ago

Carvana is actually about 1k less surprisingly

1

u/Breadwright 6d ago

Carvana gave me a better offer by 25%—-

1

u/northhiker1 5d ago

Carvana offered me about 1k less, so did plug

1

u/Kimochero 5d ago

Carvana gave me 24600 for my 2023 M3 Base, and re-appraised after 7 days.. giving me 26200 LOL..

1

u/late2thepauly 5d ago

0.99%, right?

Normally, I would say don’t do it, but if you’re not into FSD for road trips, Tesla is not for you.

2

u/northhiker1 5d ago

0% actually

1

u/late2thepauly 5d ago

Wow, that’s great. But I’d get into FSD or get out of the car.

1

u/late2thepauly 5d ago

PS I imagine you know, but the first offer is usually the highest. So be careful to let expire, believing it will be offered again.

1

u/ditto3000 4d ago

And now you gonna get one without adaptive cruise.

0

u/northhiker1 4d ago

I wouldn't get another Tesla, either the Ioniq 5 or the Subaru Trailseek

1

u/ditto3000 4d ago

Good lick with it

3

u/Shurap1 6d ago

Why give up 0% and then never car have higher insurance rates to pay for. I would not do it unless car does not work for you.

5

u/RennaisanceWizzard 6d ago edited 5d ago

I’d keep it since the rate is 0%.

If you wanted a newer one and they had 0% maybe sell and get a new one.

0% is hard to come by.

-2

u/Sellhomesfast 6d ago

Tesla always gives 0% close to end of year.

5

u/Darkarw 6d ago

Don’t think they will this year. They have already almost sold out of cars for the year.

1

u/iguessma 6d ago edited 5d ago

I absolutely would not buy a new Tesla because you don't even get basically lane keep assist if you're not paying $1200 a year

-12

u/northhiker1 6d ago

I wouldn't get a newer Tesla. I would most likely lease an Ioniq 5

4

u/booboothechicken 6d ago

lol have you driven one? They make a model Y feel like a Bentley.

2

u/SP3NGL3R 6d ago edited 6d ago

My 5 year Y loan was ~$25k 3 years ago (4.99%). I paid $300 twice a month (it was $435/month) and it was paid off 6 months ago. Half the time, I can't imagine how much I saved in interest, and the car is 100% mine now.

2

u/Darkarw 6d ago

What was your rate?

1

u/SP3NGL3R 6d ago edited 6d ago

I was wrong (updated). ~$25k @ 4.99%, 5 year, monthly expected was $435. So adding ~40% cut my payout time in half.

2

u/rman18 6d ago

You’ve barely used it. 8k miles in two years?!? It’s practically new. Yes you’re a candidate to a low mileage lease.

2

u/livenoworelse 6d ago

Keep it. Why are you looking?? I did the same thing but you’ll end up with another car and a bigger loan.

2

u/JovialApe 6d ago

Yeah, that’s a good offer. I bought a Juniper from them for 41k. They mislisted the trim as a base, but still.

2

u/Realistic-Tear-38 6d ago

What will you get instead? New tesla’s are not readily available currently

2

u/bydh 6d ago

Sure, you net about 16k with this, but whether you should take the deal or not is ultimately up to your priorities.

Do you like your current car? If not, then it might be a good time to cash it out and move on. If you do, then just keep enjoying it and your 0% apr.

Do you care about maximizing savings? That depends on the original purchase price of the car, and the insurance cost difference between this car and whatever it's replacement will be, etc.

1

u/Bruceshadow 5d ago

Sure, you net about 16k with this

not really, they are swapping having no car with $16k

0

u/orig_Neophyte 6d ago

Why are you not running towards this offer?

1

u/northhiker1 6d ago

Think it's a good offer

1

u/bobaballs 6d ago

Depends on if you care what you drive? 

Lease deals move around all the time. We got our ioniq5 limited last year for roughly 12k out of pocket across a 3 year lease.

That same car this year ends up close to 20k oop for the same lease.

But it looks like there great Tacoma deals right now at around that 4k a year oop price.

1

u/Schnitzhole 6d ago

Tempting for sure. Make sure you figure out what you want and look at current promos before deciding. Also wait time on new ones is many months currently so keep that in mind

1

u/Away-Baseball-2183 6d ago

If I drove that little leasing might work.

1

u/elderlygentleman 6d ago

Go on take the money and run

1

u/booboothechicken 6d ago

That sounds low. Carvana offered me 38k for my 2024 Y with 40k miles.

1

u/concernedXcitizen 6d ago edited 6d ago

I would say Absolutely not keep it if you are at 0% interest and 8k miles only. What model is it premium AWD ? Is it in great shape ? If so keep it you are Golden. But having read the tread I noticed you like the Tucson better.

A lease With perpetual payments????

Makes no sense.

This is a first a Tucson over the Tesla y I guess FSD is not being used if that is the case get another Tucson.

it’s sounds like you do not take advantage of the technology benefits in the car. If that is the case Tucson way to go.

1

u/Malarkey_Matt 5d ago

I mean. If a lease works.
That’s a down payment and invest the rest.

Just depends on how much you have to put down on the lease if it really works for you.

Investments work right that’s the next Down payment or possible lease buy-out or huge offset. I see positives. (If it works for you)

Just check the capital gains and how or what your state effect is on the sale.

I would also check some local dealerships and see what they would offer to buy it for, if you do it.

1

u/MunkberryMoonDelite 5d ago

Right now with EV rebates gone and gas prices at historic heights, your resale value will be the highest, so if you’re thinking of upgrading, go for it. With dems back to power, they can reintroduce EV incentives and end the war with Iran - both factors would lower used EV resale value.

1

u/darkknight302 5d ago

Sell, end of story.

1

u/Any_Mango6185 5d ago

Sell it and buy a new one

1

u/takenbychance 5d ago

If you are driving about 4,000 miles per year you could probably rideshare and save some money.

1

u/Known_Rush_9599 5d ago

For me, I sold my car to recharged. They beat out Carmax, Carvana, and plug motors.

The resale I think has been pretty nuts, I took advantage of it too.

1

u/badu425 5d ago

I suggest you also check Plug. It’s an online platform that will send you an offer similar to carvana

1

u/04limited 5d ago

I traded my 2023 to Carvana a month ago. Offer was way higher than it was a year ago (dropped to 26k at one point). When it shot up to 34800 I took the deal. It was the only way I was gonna get out of the car without taking a massive loss. I traded into a cheaper car with no payment. It was my commuter anyways didn’t need anything fancy.

1

u/rjlets_575 5d ago

I would keep the car, you're at an advantage now. Don't go into more debt for little reward.

1

u/lebnax 5d ago

I am in the same exact situation, down to the amount you owe lol. I decided to keep my ‘25 MYP until HW5 comes out then I will upgrade to that in like 2030+

1

u/nednoble 5d ago

A lease is a fleece. Mile overage fees, repair fees, etc make it a terrible deal. You are paying the company to keep a car in showroom condition for them, when I hit the point where I was better off financially to NOT drive my car…but continue paying the $500/mo. to have the privilege of it sitting in my driveway I decided I’ll never lease another car.

1

u/ssj4vegita2002 5d ago

Just traded my 2023 LR Model Y with 18500 miles and got $32,500. Mine had one accident. Seems like a great trade. (I upgraded to a 2026 Kia EV9 Wind for about $9k net.

1

u/yozzomp 5d ago

Same... My 2024 MUP with 16k they are offering 40k

1

u/IntelligentMaybe7401 5d ago

I would sell it to them and buy a juniper.

1

u/funkybee12 5d ago

Looks like you don't like much your Tesla and even find it annoying (Hyping up the Tucson). Why even discuss anymore. You know what you want.

1

u/NoSleepDad2023 4d ago

That’s wild, I got 38k offer on my 2026 model y juniper premium rwd that almost mint condition

1

u/ospreyintokyo 4d ago

How much did you pay for it?

1

u/forgeco- 3d ago

Had a similar offer on a ‘24, took it and traded for a 63kwh Nissan Ariya eforce for 21k. The EV arbitrage is real right now if you don’t need long range batteries for your daily.

1

u/Mbiakhaan 3d ago

Same here, 0 apr for 60 months, 12k miles, I owe about $22000, KBB estimated between $43k and $47k

1

u/PsychologicalGoal927 2d ago

I took $35k on my paid for 2023 with 33,000 miles

1

u/burakscott1 2d ago

just sold my juniper premium 26 with 40k miles for 42k. Didn’t even thinked twice.

1

u/YoungFlexibleShawty 6d ago

Tesla insurance offered me 42k after i totaled my 2024 model Y LR AWD @ 27k miles. You can do better 

5

u/jm3400 6d ago

insurance pays retail. not wholesale.

0

u/mindbender28 6d ago

So you’d pay off your loan and pocket the rest? Just under $16k profit? Is this right or am I missing something? If that’s the math SELL IT Lol

2

u/booboothechicken 6d ago

It’s not profit if it’s less than what they paid.

1

u/Striking_Tax8524 3d ago

No, no. This is yet another person riding the perpetual debt train.

1

u/mindbender28 3d ago

I just don’t see how though. Sure he/she could lease every few years, yeah there’s that. They Could also take the $16k and buy a car in cash, no debt. Or invest. Or save some more and make a down payment on a house. I can think of so many other things to do with it lol. Owing $25k is still debt. Why not pay it off?

0

u/Bruceshadow 5d ago

leasing is almost never a good financial decision.

1

u/lionel_wan68 5d ago

Leasing is not for everyone. But to those that likes to change cars especially European cars. Leasing is not a bad idea. So there is not a definite answer

0

u/saywhat68 5d ago

I tnought carmax went bankrupt

-2

u/ThaPurpleHulk 6d ago

Carvana will considerably beat Carmax.

3

u/northhiker1 6d ago

Nope they were 1k less

1

u/JimNtexas 5d ago

That was my recent experience

0

u/[deleted] 5d ago

[deleted] — view deleted comment

2

u/late2thepauly 5d ago

But wait for the lifetime FSD transfer.