I fear I may do something stupid next year...
Next February, the lease on my Golf ends. The buyout price is $16,xxx (forgot exact). I've been enjoying it quite a bit but I'm also way under the mileage limit despite trying to drive it whenever possible. I'm at 11,xxx mi where February 2020 should have been 15,000. This is good but I'm also wondering if buying it should the markets stay crappy is a wise decision. With all fees and lease payments, I should be around $14,xxx over the term which is good since I'm still under the residual price. What I'm thinking is since I really like my golf is to buy it should loans stay at 0% but I think that's stupid because I'll essentially be doing everything that I say is wrong when buying a car, having a stupid long loan term just to afford the car.
At the time of the lease, I thought I would not be able to afford a 4 year loan on a 25,000 car. Now that I've had a lease which was cheaper, I don't think that's such a big deal anymore. BUT! if I buy MY golf, that means I have the one German car that will live and die by me and not due to someone else's negligence or understanding on vehicle maintenance or because they beat the snot out of it.
The only 2 things I'd change about my Golf now are it's lackluster halogens that make it look like a base model turd and the rear taillights because dynamic turn signals are awesome.