Buy vs. Lease - has anyone leased?

[Bambi]

Just got 1.79% for 72 with $25K down. Wells Fargo Dealer Services.

Jesus. Contact?

 

[Bambi]

Agreed but if I can't make more than 1.79% in the market off my cash, shame on me.

You could just keep 90k in cash under your bed and still beat inflation alone

 

[HellcatTruck]

Jesus. Contact?

Went through the dealer. He offered 3.67% initially. I told him my credit union had 1.99%. I offered to put cash down. He said Wells Fargo Fleet Services would do 1.79% with 25K down for 72 months.

 

[JRex]

With a lease, can you do any modifications? Bolt on? wheels? Where is the red line or do you have to leave it stock?

 

[Bambi]

With a lease, can you do any modifications? Bolt on? wheels? Where is the red line or do you have to leave it stock?

I’ve never done a traditional lease but as long as you can return it to stock and don’t do anything warranty voiding it’s probably ok. Not sure I have seen the language in a lease prohibiting mods. In a finance they just say if they have to repo it they take everything including mods without consideration of value

 

[HellcatTruck]

With a lease, can you do any modifications? Bolt on? wheels? Where is the red line or do you have to leave it stock?

Leave it stock. Unless you can return it 100% to stock before your lease it up or you buyout the lease at the end of the term.

 

[HellcatTruck]

I’ve never done a traditional lease but as long as you can return it to stock and don’t do anything warranty voiding it’s probably ok. Not sure I have seen the language in a lease prohibiting mods. In a finance they just say if they have to repo it they take everything including mods without consideration of value

My last lease with AMG had language in it. No mods.

 

[JRex]

My last lease with AMG had language in it. No mods.

I am sure every lease provider has slightly different terminology.

 

[JumpSquadAuto]

Look at all you regular folks buying a new car every 2 years. I've been getting a new car every 6 months. MWAHAHAHA. I won't be able to retire until I am 126 but its fine.

#YoutuberLife

(Meant in pure sarcasm)

I wouldn't lease a TRX cause interest rates are so low and the TRX has such great value hold right now and their are no manufacturer rebates.

 

[SpamSpamSpam]

25k equity from a long lease.

Leases aren’t like they used to be. If an automobile appreciates in value (as they have over the past year), you can actually make money on a lease trade in even if you are over the mileage! Crazy...

 

[SpamSpamSpam]

With a lease, can you do any modifications? Bolt on? wheels? Where is the red line or do you have to leave it stock?

Normally people that lease who do modifications, return it to stock before turning it in.

 

[Durango]

I'm old school and generally believe unless it is a mortgage, if you can't pay cash you can't afford it. Bought mine outright in cash.

I just hate debt.

Hear ya! But sometimes I just like holding onto my cash... So I have some vehicles I've bought outright, and some I owe some $$ on... Besides, who knows how long any of us will be around - and I sure don't want to be on my deathbed wishing I'd bought that TRX...

 

[Durango]

Leases aren’t like they used to be. If an automobile appreciates in value (as they have over the past year), you can actually make money on a lease trade in even if you are over the mileage! Crazy...

SOME vehicles. But in general, vehicles depreciate, and shouldn't be counted on to provide anything but enjoyment!

 

[RasMan9]

Went through the dealer. He offered 3.67% initially. I told him my credit union had 1.99%. I offered to put cash down. He said Wells Fargo Fleet Services would do 1.79% with 25K down for 72 months.

Too lazy to google a calculator. How much is your payment? $900?

 

[HellcatTruck]

Too lazy to google a calculator. How much is your payment? $900?

It's around 1K with TTL