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Elite Member
- Joined
- Sep 26, 2008
- Messages
- 4,002
- Tractor
- 2009 Kubota BX25
Big decision coming up at the beginning of April. Whether to buy my current lease truck at about $25,000, or lease another new one?
It is a Super Crew 4 x 4 with the 5.0 L engine, the 5.5 ft. box, and the "302A" package which includes the XTR goodies, and I also have a tailgate step, a bedliner, navigation, and 20 inch wheels. It will have about 30,000 miles by April, when I have to make the decision. If I give it up for a new one, I will have to pay about $1500 in excess mileage charges.
If I buy out the lease, I will want to add a warranty, which we cost me an additional $2000-$3000.
Current lease payments are about $680 per month, after-tax. (13% here in Ontario.)
I can borrow the $25,000 for about 4% interest.
So, what to do? The Ads in the Toronto Sun are calling me!
It is a Super Crew 4 x 4 with the 5.0 L engine, the 5.5 ft. box, and the "302A" package which includes the XTR goodies, and I also have a tailgate step, a bedliner, navigation, and 20 inch wheels. It will have about 30,000 miles by April, when I have to make the decision. If I give it up for a new one, I will have to pay about $1500 in excess mileage charges.
If I buy out the lease, I will want to add a warranty, which we cost me an additional $2000-$3000.
Current lease payments are about $680 per month, after-tax. (13% here in Ontario.)
I can borrow the $25,000 for about 4% interest.
So, what to do? The Ads in the Toronto Sun are calling me!