Leasing?
We are convinced our next car will be leased. $200-300 a month and always have a new car with no repair worries. You either make the payments or put the payments in the bank each month for the next ...
Forum Discussion
Jack_Diane_Freedom wrote:
I lease all my vehicles. Last three tow vehicles 2005 2500HD Silverado 8.1, 2008 F-350 V-10, 2011 F-250, take delivery next week of 2014 F-250. Why would I invest in a depreciating asset. If it appreciates in value buy it, if it depreciates in value rent it. Let someone else take the depreciation hit and just use cash flow to pay lease. I do not have to tie up my capital, I am using someone elses money at a rediculously low interest rate. Never a problem with leasing and always have a new vehicle. All have been factory ordered to whatever options I wanted. If one turns out to be a lemon (never happened yet) I am not stuck with it.
One way to look at it! I think of it as paying for the biggest portion of the depreciation, then someone else comes along and gets a great deal on a used car or truck. I guess I don't like never ending payments. I also don't like being told how many miles a year I can drive my Vehicle.
