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 ...
The payments applied work just like a finance contract...part goes to principle and part goes to interest. Example...lets say you bought two new trucks..identical. Both sold for $40000 You leased one and financed the other....both for $500 pr month and both at the same interest rate...
You'll owe the same on either one at any given time