Well, it's finally that time, and it came way too soon. I'm left with the decision in the next week or two to buy or turn the lease in. Residual is a little over 10k which seems to be at or below market value for a 2016 Passion with 25k miles and in perfect condition. I have a $395 turn in fee or a $150 buy out fee
Cons
I don't know about the long term reliability of this car (this is my MAIN concern)
I'm having the roof replaced under warranty as we speak an wonder if it will crack again in 3 years
Only under warranty for one more year
Nearest dealer for last year of warranty and recalls is 2 hrs away
Pros
Love driving it
I know the history of my car
Low miles
My alternatives are to buy a used car around 10k and after checking, there's not a lot I like around that price point. I'm also looking at a Subaru brand new. Lease for 280 then I would likely buy it and keep it long term
Cons
I don't know about the long term reliability of this car (this is my MAIN concern)
I'm having the roof replaced under warranty as we speak an wonder if it will crack again in 3 years
Only under warranty for one more year
Nearest dealer for last year of warranty and recalls is 2 hrs away
Pros
Love driving it
I know the history of my car
Low miles
My alternatives are to buy a used car around 10k and after checking, there's not a lot I like around that price point. I'm also looking at a Subaru brand new. Lease for 280 then I would likely buy it and keep it long term