My Plans Have Been Wrecked
My plan to retire in September, 2018 and live in an RV full-time is being re-evaluated. My plan was that when my auto lease was up in August, 2018 I could lease a big new tow vehicle (maybe an F-350)...
Forum Discussion
ScottG wrote:Trackrig wrote:
I've never understood leasing a vehicle. You never pay it off - you're always making a payment just like this going from one lease to the next lease and you never have anything you can sell or trade in, in the end????????
I don't think you should be leasing a new truck in retirement.
Bill
You mean the idea of paying for a vehicle and then just giving it back?
Not for me either.
I bought a car 40 years ago. It was great. I have no idea where it is today. I bought another car 35 years ago. Same thing. You're paying money for transportation. Monthly payments are lower on a lease and I don't have to look for a buyer when the lease ends. I hate selling cars. Plus I'm always under warranty. That's nice. If I love the car I can always buy it for a reduced price at the end of the lease, but I haven't yet. I've been very happy leasing for almost 20 years now, but if you are happy buying it doesn't bother me.
