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
ALot of “optimistic” lease assumptions going on here. Yes there are situations where leases make financial sense, but if a person is somewhat saavy it won’t often be financially the optimum choice.
Anyone who thinks the mfg or bank is volunteering to take back plethora’s of 3 year old vehicles out of the kindness of their hearts is mistaken.
In the above scenario, yes you are basically financing the depreciation, and it may work if you’re a pay sticker price and then take the dealer trade offer every 3 years kind of person. Then you’re only paying slightly more, ie the profit for your convienence.
Proponents who are throwing out the weird scenarios like the Gremiln, go ahead and point out the more realistic traps like over mileage, vehicle damage etc and all the other fine print.
In general, a lease is a convienence. Not necessarily a bad thing. We all spend $ on convienences.
Anyone who thinks the mfg or bank is volunteering to take back plethora’s of 3 year old vehicles out of the kindness of their hearts is mistaken.
In the above scenario, yes you are basically financing the depreciation, and it may work if you’re a pay sticker price and then take the dealer trade offer every 3 years kind of person. Then you’re only paying slightly more, ie the profit for your convienence.
Proponents who are throwing out the weird scenarios like the Gremiln, go ahead and point out the more realistic traps like over mileage, vehicle damage etc and all the other fine print.
In general, a lease is a convienence. Not necessarily a bad thing. We all spend $ on convienences.
