well said,My 2014 was a lease and my 2016 is a lease. I'm at 46,000 miles on my 2016 and my lease was for 3 years / 36,000 miles. My lease expires in January 2019.
I leased because I didn't want to buy into a 100k+ mile used truck for the equivalent of my current lease payment. I added max-care lifetime warranty to the truck at the time I signed; good luck with a good warranty on a vehicle with mileage in my price range. I could afford to finance the full price of a new truck, I just can't justify that high of a payment; maintaining liquid assets is important to me as a homeowner.
When my lease is up, I know what my truck will cost to buy and I know what the history of the truck is. For me, the lease was really a way to extend financing if I liked the truck enough to keep it, or, a way to send it off to a new owner if I didn't like it as much as I thought I would.
I really wish I would have opted for the 3.92 gears for the added GCWR, but I'm still just below the GCWR limits and the truck has done everything I have asked of it.
Literally ended the _day_ before I bought mine (yesterday). So annoyed. Oh well it'll motivate me to pay it off by next year...I'm allergic to paying interest lol.When I bought mine last month they were still offering the 0% financing (purchase, not lease) for 36 months. Hard to beat.
That would only make the payments like $1200 a month Neurobit? You must be loaded!
You dont HAVE to but it'll keep payments lower. And if you put cash down on a lease its actually not a good idea as if it's totaled that moneys gone as insurance payments go to lease company not you. On a finance it'll then benefit you regardless.I fully agree with ThunderHorse. Put a good down payment and seek out a good interest loan. If possible payoff ASAP. Even if you lease you have put a down payment.