Leasing questions.

Gdetrailer wrote:
Leasing is pretty much a bad deal all the way around for YOU.

YOU pay upfront all the fees and even a "down payment", pay a monthly payment, you must replace tires do oil changes and other maintenance items at YOUR expense for 2 yrs and typically can only drive it 10K miles per year.

At the end of the lease you then are faced with giving it (and LOOSING all the money you paid in) up OR paying a huge "balloon" payment which will be more than what the vehicle is worth.

You are responsible to pay for ANY mileage OVER your lease agreement at an exorbitant rate and you must pay for any damage/wear and tear to the inside AND outside of the vehicle..

The Lease company really wins out on this, they get back a very low mileage vehicle and YOU paid ALL the depreciation for them..

Yeah, if that is what you want, go ahead..

Honestly, you are better off going with a lower cost option package in order to afford the vehicle.. In other words if the only way you can afford the vehicle is with a lease payment it IS TOO EXPENSIVE TO START WITH..

I personally will not consider leasing, at least when I am done paying the loan off I HAVE a vehicle that I can continue to drive without getting another payment for a while..

Hehe I guess with all that you just reminded me why I haven't leased a vehicle since 1996. My bottom still hurts :)

The only reason I brought it up is :
Reduce my sales tax burden
I wouldn't drive it much I live close to work
Here in northeast Ohio even newer trucks rust early on.

Interesting question. Given you would likely have to modify the truck to accommodate the 5ver, not sure how the lease would be impacted. I think drilling holes and bolting the hitch in the bed and to the frame might create a problem when the lease was up.

But, maybe they can come equipped with everything you need.. then the next concern would be mileage. If you travel a lot, you could exceed any max mileage at end of lease.

Mike

Leasing is pretty much a bad deal all the way around for YOU.

YOU pay upfront all the fees and even a "down payment", pay a monthly payment, you must replace tires do oil changes and other maintenance items at YOUR expense for 2 yrs and typically can only drive it 10K miles per year.

At the end of the lease you then are faced with giving it (and LOOSING all the money you paid in) up OR paying a huge "balloon" payment which will be more than what the vehicle is worth.

You are responsible to pay for ANY mileage OVER your lease agreement at an exorbitant rate and you must pay for any damage/wear and tear to the inside AND outside of the vehicle..

The Lease company really wins out on this, they get back a very low mileage vehicle and YOU paid ALL the depreciation for them..

Yeah, if that is what you want, go ahead..

Honestly, you are better off going with a lower cost option package in order to afford the vehicle.. In other words if the only way you can afford the vehicle is with a lease payment it IS TOO EXPENSIVE TO START WITH..

I personally will not consider leasing, at least when I am done paying the loan off I HAVE a vehicle that I can continue to drive without getting another payment for a while..