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Lease or buy? need your opinions guys.
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<blockquote data-quote="Sub_Elect" data-source="post: 33851" data-attributes="member: 1014"><p>I leased both my last trucks. The first lease I ever did was on my 2008 f150 for 0%. I bought the lease out at the end of it and drove the truck for another 30k. I bought the truck (at the start of the lease) for 26,500, and 12 miles on it, bought it out at the end of a 2 year lease, and traded it 3.5 years after I bought the lease out with 59k miles for 20,500. I ran that pickup for almost 6 years and 60k and ONLY lost 1k a year. Leases are great, so long as, you follow these rules!</p><p></p><p>DON'T under any circumstance go over mileage</p><p>make sure you get as close to 0% financing as possible</p><p>be ready to buy it out if you like it, go over mileage, have a bunch of dents and dings ect.</p><p></p><p>If the nay sayers will tell you that leasing is bad and to save up...think out of the box and you can come out ahead on a lease. If I can keep running a brand new truck for $1000 a year I will.</p></blockquote><p></p>
[QUOTE="Sub_Elect, post: 33851, member: 1014"] I leased both my last trucks. The first lease I ever did was on my 2008 f150 for 0%. I bought the lease out at the end of it and drove the truck for another 30k. I bought the truck (at the start of the lease) for 26,500, and 12 miles on it, bought it out at the end of a 2 year lease, and traded it 3.5 years after I bought the lease out with 59k miles for 20,500. I ran that pickup for almost 6 years and 60k and ONLY lost 1k a year. Leases are great, so long as, you follow these rules! DON'T under any circumstance go over mileage make sure you get as close to 0% financing as possible be ready to buy it out if you like it, go over mileage, have a bunch of dents and dings ect. If the nay sayers will tell you that leasing is bad and to save up...think out of the box and you can come out ahead on a lease. If I can keep running a brand new truck for $1000 a year I will. [/QUOTE]
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