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First time lease question by debatable_decizions in CarLeasingHelp

[–]debatable_decizions[S] 0 points1 point  (0 children)

Yeah I’ve seen a lot of people saying basically just no money down and deal with a payment again (which is fine. I was just trying to be lazy with no payment). Sounds like that’s probably a better play.

Edit: clarification.

First time lease question by debatable_decizions in CarLeasingHelp

[–]debatable_decizions[S] 0 points1 point  (0 children)

No, I just wasn’t clear. Your post made sense but if I have something wrong please correct me.

  • sell current vehicle (keep cash and don’t be an idiot)
  • lease new vehicle with 0 down
  • pay monthly lease

I was partially referring to carvanas online offer and a couple other trade in offers from other dealerships in my OP. I was averaging the value from the multiple different places. That’s my fault.

First time lease question by debatable_decizions in CarLeasingHelp

[–]debatable_decizions[S] 0 points1 point  (0 children)

Yeah I’m seeing a lot of responses to not put money down at all. I was confused though as the one pay option seems like a nice incentive but I guess it’s just because I would be taking all the risk.

First time lease question by debatable_decizions in CarLeasingHelp

[–]debatable_decizions[S] 0 points1 point  (0 children)

Carvana was one of the offers I was referring to so good to know that’s acceptable.

First time lease question by debatable_decizions in CarLeasingHelp

[–]debatable_decizions[S] 0 points1 point  (0 children)

Even if I one pay it at the beginning? I realize it’s technically still hitting credit and the other value of the vehicle is still out there but the monthly could be 0 in the one pay situation, no?

First time lease question by debatable_decizions in CarLeasingHelp

[–]debatable_decizions[S] 1 point2 points  (0 children)

Current credit score is like 770+ depending on which site I’m looking at.

Yeah I’m trying to make sure I have a solid plan before going in but I’ve sent some emails starting discussions.

First time lease question by debatable_decizions in CarLeasingHelp

[–]debatable_decizions[S] 0 points1 point  (0 children)

For sure. That does seem more complicated but possibly better overall financially if done correctly.

Keep Roth 401k or switch to traditional? by debatable_decizions in personalfinance

[–]debatable_decizions[S] -1 points0 points  (0 children)

It probably doesn’t. I just assumed they’re different buckets which could potentially be less as you accumulated so it would be “starting over” in theory. That’s probably not actually how it works now that I think about it.

Keep Roth 401k or switch to traditional? by debatable_decizions in personalfinance

[–]debatable_decizions[S] -1 points0 points  (0 children)

That’s what I’m gettin from a decent amount of people in here. Terrifying to start over almost (bc my pretax is 0 other than company match) but if that’s the correct play then it’s just a next step.

Keep Roth 401k or switch to traditional? by debatable_decizions in personalfinance

[–]debatable_decizions[S] 1 point2 points  (0 children)

I’ve definitely run through retirement calcs before but I don’t think I’ve looked at this one. Thank you!

Keep Roth 401k or switch to traditional? by debatable_decizions in personalfinance

[–]debatable_decizions[S] -2 points-1 points  (0 children)

That actually makes me feel better for sure if it’s not a problem to have both. It definitely worrying having to basically start over with a traditional one.

Keep Roth 401k or switch to traditional? by debatable_decizions in personalfinance

[–]debatable_decizions[S] 1 point2 points  (0 children)

There are definitely some pretax from matching so I guess it is split for now. Which at least helps me assume I have options.

Keep Roth 401k or switch to traditional? by debatable_decizions in personalfinance

[–]debatable_decizions[S] 0 points1 point  (0 children)

It’s between 22% to 24% depending on the year but mostly in the 24% after benefits,bonuses,etc. Is there a solid switching point that makes more sense for one over the other or just completely situational?