ADVICE: buying a car 3-6 months before buying a property

[Carlos Garcia]

Hello everyone!

Looking for everyones great advice on here before pulling the trigger. I have a unique situation in which I leased a car (2017 Jeep Wrangler) I love it and I am looking to buy it before the lease ends, and keeping it forever till it dies. Doing this as opposed to waiting for the lease to end  not only will lower my monthly payment by about 100 dollars but it will also save me about 5000 dollars total. 

Now... I am looking to buy my first property in the next 3-6 months and was wondering if financing the car now as opposed to keeping the lease will hurt me since my credit will be ran for the loan. My monthly payment will go down so it will help my debt to income ratio but i dont know if the credit check and new car loan will affect my buying a property in a short amount of time (3-6 months). 

The options I see are finance it now, or wait and finance it till after the closing on the property in 3-6 months. Suggestions, advice, and all input is appreciated. Thanks!

- Carlos

[Aaron Hunt]

Model year 2017 is too shiny by BP standards. Or having a car payment at all for that matter.

Turn it in or sell it at a profit, and then downgrade to a 1999 Civic.