I currently have and am leasing the 2014 Honda Accord Coupe EX-L V6 (no nav) and I'm wondering if I should keep the lease and get a loan for the residual value that I'll have remaining or trade it in and upgrade into the 2017 Honda Accord Coupe EX-L V6 (no nav) or the touring?

 

Well, you have good equity in the car I'd say. I assume you've paid on the lease about three years now? If the lease is a closed lease and your residual costs are reasonable, personally I'd keep it. Unless of course you just want a new car and more lease payments for something you will never own. It's like paying rent. You pay but never build any equity. I like having vehicle titles in hand. But is your call of course.

 

One thing about keeping the car you're currently leasing is that you know what it's been thru. You know, how it was taken care of, how it rides, things you like/dislike about it, etc... If you trade it in, and the 2017 model doesn't meet your expectations, you're basically stuck with it.
My self, I like a known vehicle, one that I'm familiar with, one I have a history with.

 

Hahahaha I would trade any year for 2020. This **** is nasty. I honestly feel like a lot of people are struggling this year and not just in one aspect of life but actually in all parts of life. I know that a lot of people are struggling mentally because of the self isolation (me as well; I have some really nasty bauds of depression and anxiety) but also because of the quarantine I have had a lot of trouble financially. I have had to be worried about it and had to actually get another loan to keep myself from going bankrupt. I was worried about, I mean when I was thinking of taking out the loan because I had no idea how it will affect my credit, but I was lucky enough to find a really good website that kind of helped me out with it. You guys can check it here: https://www.moneyexpert.com/loans/lo...redit-ratings/ Hopefully it will be helpful for you guys and also will help you get through the tough times.