leaseing a tow vehicle?
Did a quick check and i dont remember reading anything about it recently,but i was just wondering is it it possible to lease a hd truck for towing?not talking about any brand directly but a 1 ton tru...
Forum Discussion
Possible, yes..
Practical, no.
Unless they have changed things a lot, "leases" hit you with an up front fee or down payment..
Then YOU are responsible for ALL of the "wear and tear" items not covered by warrantee such as tires, brakes rotors, oil changes, filters and so on for a vehicle YOU don't and will never own (unless you are silly enough to pay the "balloon payment" at the end of lease).
You will get heavily penalized by any mods or changes you do to the vehicle (good and bad), not to mention dings, dents, scrapes, torn seats, damaged interior, missing parts and so on..
In the end, you are not saving money since you are nothing more than renting it for a long term and at the end of the term you have to give it up (and lose all the money you paid in) or you have to pay a balloon payment (basically paying twice for the vehicle) which is typically more than the actual value of the vehicle.
Personally I won't touch a lease, I want to have "something" that is mine at the end of the loan..
If the only way you can get the vehicle is a lease, then you NEED to step away from the whole idea and walk away.. It is too expensive for you..
I would recommend looking at a LESS LOADED or smaller cab vehicle, there is no shame in buying a lower trim level or less bells and whistles or even a smaller cab.. You may NEED to order this type of vehicle, most dealer lots will have only the fully loaded versions..
Think of a vehicle as a means to get you from point A to Point B.. Doesn't have to have Leather heated seats, doesn't have to have navigation, bluetooth and so on..
I would also recommend considering a older used vehicle, the previous owner took the hit on depreciation and you don't spend as much money on it..
There are a lot of online amortization calculators, use them..
Practical, no.
Unless they have changed things a lot, "leases" hit you with an up front fee or down payment..
Then YOU are responsible for ALL of the "wear and tear" items not covered by warrantee such as tires, brakes rotors, oil changes, filters and so on for a vehicle YOU don't and will never own (unless you are silly enough to pay the "balloon payment" at the end of lease).
You will get heavily penalized by any mods or changes you do to the vehicle (good and bad), not to mention dings, dents, scrapes, torn seats, damaged interior, missing parts and so on..
In the end, you are not saving money since you are nothing more than renting it for a long term and at the end of the term you have to give it up (and lose all the money you paid in) or you have to pay a balloon payment (basically paying twice for the vehicle) which is typically more than the actual value of the vehicle.
Personally I won't touch a lease, I want to have "something" that is mine at the end of the loan..
If the only way you can get the vehicle is a lease, then you NEED to step away from the whole idea and walk away.. It is too expensive for you..
I would recommend looking at a LESS LOADED or smaller cab vehicle, there is no shame in buying a lower trim level or less bells and whistles or even a smaller cab.. You may NEED to order this type of vehicle, most dealer lots will have only the fully loaded versions..
Think of a vehicle as a means to get you from point A to Point B.. Doesn't have to have Leather heated seats, doesn't have to have navigation, bluetooth and so on..
I would also recommend considering a older used vehicle, the previous owner took the hit on depreciation and you don't spend as much money on it..
There are a lot of online amortization calculators, use them..
