Pickups the new Luxury Car?

[ultrarunner]

With one exception, I buy cheap cars and drive them for many years and keep them so long when it comes to sell they have appreciated... no rust in California.

I have NEVER sold a car for less than I paid... even after owning it for 10 or 20 years.

In order to keep this moving forward it means I will never be able to sell the one vehicle bought new!

 

[Zerk]

Fancy trucks are nice, I think I have become spoiled. Will have to see if I want to pay $$ next time. I found deal last time.

I nevre thought there was a point to heated seats, my butt has never been cold. But then I sat in gf's buggy.

 

[Diamondpilot]

Dave Ramsey on fleeces Broke people think ‘how much down and how much a month’. Rich people think ‘how much’.

I'm by no means rich. I want the cheapest thing I like that can do the job.

Still, numbers don't lie. Look at my example I posted on my daily driver. I bought it cheaper when you include the lease and my buy out then what you could walk off the lot buying one. The math is not that hard!

Chris

 

[esloser]

I'm not sure what the connection is between financial security and warranties is.

Are you presuming to know my financial situation based on me leasing a vehicle? Just asking since you're using "you" in your reply.

I pay a mobile phone bill and electric bill - I'll never not have bills. I just look at a vehicle as another bill and not something that will ever hold substantial value like a home or other investment. I'd rather put my money towards those things than paying off a vehicle.

If you become financially secure, you won't care about warranties.

To me getting rid of a vehicle under a 100k is a financial waste.

You will never be debt free. Maybe leasing in some cases is digging a slower hole.

 

[farm boy00]

Fancy trucks are nice, I think I have become spoiled. Will have to see if I want to pay $$ next time. I found deal last time.

I nevre thought there was a point to heated seats, my butt has never been cold. But then I sat in gf's buggy.

My dad had a 6.0 diesel that the heat didn't work and mechanics wouldn't listen to him but it had heated seats. I think the nicest feature ever. I wish I had a plow truck with heated seats

 

[Zerk]

I tried to talk the gf into getting frisky on the seats.... No luck.

 

[farm boy00]

I tried to talk the gf into getting frisky on the seats.... No luck.

Well. It's the thought that counts I guess

 

[check]

The way I look at it, a lease is just a delay of the decision to buy or not. Remember, at the end of the lease it is your choice whether you want to (a) buy the truck, or (b) force the lease company to take it back. And the nice part is, if you don't want the truck at the end of your lease, and maybe want a new truck instead, the lease company must take it back, even if it is not worth the lease-end residual value. On the other hand, if the truck is worth more than the lease-end residual value when your lease period is over, the lease company must sell you the truck if you want it. Now my experiences have been with leasing Ford F150s, and these days all F150s prior to the 2015 changeover to the aluminum body seem to be worth quite a bit more than their lease-end residual value, mainly because Ford has really increased their prices since the aluminum body came out. (The Ford dealer even called me to tell me this, saying they want my truck now, rather than waiting another 6 months until my lease is up.) So, if price is your main factor, by all means buy the truck at the end of the lease, because it will be a bargain!

And you all thought "Let's Make a Deal" was a fun show!:laughing:

 

[Zerk]

The way I look at it, a lease is just a delay of the decision to buy or not. g:

No.

The price you are buying it for is not its current value at the end of the lease. It is based off value before the lease.

Indiscision is rarely a good trait in men.

 

[check]

Another thought about leasing versus buying. I have done both, and I am now on my fourth F150. Each time, I simply decide whether the lease deal or the purchase deal makes more sense, and 3 out of the 4 times the lease was better. And my current 2-year, $400/mo. ($300 US) with no money down lease on my 2014 is pretty hard to beat, and I have basically decided that my budget for my truck will be about $5,000 per year, lease or buy. Now I don't keep trucks for that long, and I LOVE getting the latest goodies if Ford has significant updates for the F150 (like they do now), so yes, a truck for me is kind of like a luxury car. (Let's face it. The 2016 Supercrew F150 XLT with the 302A package has a lot of goodies, and is a sweet drive, for the whole family.)

But, if you want to spend the least money over, say, 5 or more years, then of course it is the later years where the depreciation starts to level off, so that you would be paying much lass than $5,000 per year at that point. And, of course, if you need to put lots and lots of miles on your truck, there is no way that a lease will work for you. But for me, I can go either way, depending upon the deal that is offered at the time. (And my daughter tells me this is blasphemy, but right now, the best prices seem to be on the Dodge trucks!)


Never make a decision before you have to, and always have a Plan B.