<prompt> Human: Hello, My wife and I have recently debated our car situation and I am coming here for some perspective. I drive a 2012 Hyundai Sonata and she drives a 2011 Jeep Grand Cherokee Laredo. My lease is up next month and I am considering buying the car for residual value of 12k. She wants to start leasing another car. She owes about 13k on the Jeep but it should be worth around 17k to sell. I have great credit 740 and hers is mid 600s. Together, we make about 100k before taxes. I drive about 12k miles per year and she is almost 20k. What are our best options?  <response>: What does the other car have to do with it? Not sure which cars youre looking to selltrade or what.The decision on whether or not to buy the car off lease actually has very little to do with whether you want to keep driving it or not. Get some quotes for the value of the car. If the total cost of buying it out is less than what you can sell it for, you buy it out regardless. Otherwise you give it back unless you really want to keep it. Your lease payments over the last three years have either been overestimated or underestimated and you should either recapture that value or take advantage of the manufacturers bad prediction.In terms of leasing in general, with 100k income for two people with two cars, leasing any car seems like it would consume too much of your income over the long term. Leasing is a luxury and shouldnt be used for the purpose of lower payments without an understanding of the true cost of driving a new car every 3 years. 