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I think you will be severely underwater on a Select plan if you plan on getting out in only 24mo. I would rather lease for 36mo and have them write me a check for my trade in, or sell my car privately and lease.

I dont know much about Select but Ive looked into it before and even by ballon time i think one would still be underwater because the payments are artificially low. For short term, i like leasing because you assume no risk on the residual at term. If the car is valued less then your payoff, you can walk away. If it is worth more, you can sell it for a profit (i have done this) or choose to finance the remainder. If some serious issue occurs which severely devalues your car, or say you get into an accident which generates a carfax, you just give it back and walk away. With Select, like a purchase, that burden is on you. Mileage is definitely a concern for a lease, but i dont think Select is the solution to have a car short term to get around the miles.

Thats my $0.02.
 
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