Car Equity to Invest?

[Michael Mulroy]

You always here the back and forth debate about buying or leasing a car. I personally have never leased but am considering it, given the following details.

Car Value ~16k

Car Loan ~ 6k

Equity: $10k

Payment $485/mo

Would it make sense to sell the car and use the $10k towards my next property and get into a $0 down lease with a similar payment? I have a year left of payments and it would take 20 months of saving the payment, after it's paid off, to recoupe the equity that I can gain today. I am Not one to drive a car into the ground, and I would most likely use the equity towards my next car purchase a year or so after it's paid off. Given that, I feel I would make better use of the money and if it returns $250/ mo cash on cash, it seems like a no brainier, right?