Due to forced Work at Home until 3/21 - thinking of selling my Type-R

[Jens_sedanEX18]

I’m not leasing my car, just financed it and I’m working from home full time as well. It has its advantages and disadvantages but I haven’t driven much since I got my car during this whole pandemic! lol at first I thought I was making irrational decision trading in my Suv I had but honestly after seeing my interest rate dropped from 11.75% to 7.19% I was shocked.

Yeah my insurance went up a little and my car payment went up by $200 but I’m burning less gas in my car than buying it lol.

depending on your area, if everything is walkable distance or bike friendly, I would say yeah, get rid of it and save yourself the money but what do I know? ??‍ Lol
do what you think is better for you overall

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[IronFusion]

I downgraded the annual miles on my insurance. Didn't do much to the premium. Insurance in Philly is expensive as hell, and there's a bunch of mouth breathers that are uninsured or under-insured with little/no reportable income to go after if they wreck you.

Sell the R and get a vespa?

 

[Zeffy94]

That sucks but I was referring to the "should have bought a house" thing

Oh I forgot about that too, but ironically personal events that happened last year would’ve made owning a house very difficult. Still, it’s just a joke I use. I will be in the market for something in the somewhat near future.

 

[slowride]

How many miles on the car? If it's as low as I can assume, this is a waste of a lease. You could have gotten buy with a used Corolla haha

29,230

 

[Zeffy94]

29,230

When did you buy yours? We’re almost identical at the mileage lol

 

[slowride]

I got it in June 2018 I believe

 

[Zeffy94]

I got it in June 2018 I believe

Damn, I got mine 3 months earlier and have less on it lol

 

[tacthecat]

My car has 11 months to go on lease ...Anyone in a similar situation?

No, but I'm not sure how you can sell a car you don't own.

 

[REBELXSi]

No, but I'm not sure how you can sell a car you don't own.

You can buy it first then sell it. I mean, the cost to buy this thing at the end of the lease is more than likely less than what he can sell it for, I'm assuming.

 

[tacthecat]

You can buy it first then sell it. I mean, the cost to buy this thing at the end of the lease is more than likely less than what he can sell it for, I'm assuming.

OP spoke of selling it now, and is contemplating not having payments, etc. Didn't provide any other details (Open-/closed-end lease, purchase price option, …)

 

[REBELXSi]

OP spoke of selling it now, and is contemplating not having payments, etc, Didn't provide any other details (Open-/closed-end lease, purchase price option, …)

Hey, I have no idea what he meant either lol... just making an assumption and answering your question. Maybe he'll chime in.

 

[sean465]

I am working from home for the foreseeable but to be honest looking out the window, knowing I’ve got the R is one of life’s little joys at the moment. I couldn’t imagine being without it and it would be the last thing to go, even the the other half before my civic!

Reading the ops and other comments is completely alien to me, making me question why your even on a car enthusiast forum! But everyone is different and I do respect that.

 

[Seth_FC3]

If you can afford to keep the car, you should keep it and put some more miles on it! All the miles on your car would be pure fun and not wasted on simple commuter miles, if you do have some nice roads or anything like that. Even if you do decide to sell, at least enjoy the car some more while you can

 

[slowride]

OP you need to read your lease and figure out what your options are. FWIW, "taking over payments" is VERY rare and very few lenders are okay with it.

The lease has a buyout, and Honda doesn't give two shits what you do with the car after you buy it.

 

[tacthecat]

Agree, but you have to BUY IT $$$!

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