Quote:
Originally Posted by DementedReality
i would rather the car be worth less then the amount owing. that means the car company subsidized you for the term of the lease.
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In some cases yes.
For me it's like this.
At the end of the lease I'll have the option to buy my truck out for x ammount. If the resale on the truck is higher than that, then I'll stick with my original plan and buy it out. Then I can either sell it and make some cash, or I can pay it off and keep driving it, and as I said, this will actually save me ~$1000 over if I had bought it on day 1.
If the resale is lower than the buyout, then I'll just give the truck back, take the money I was going to spend on the buyout, and buy a better truck for the same value. Now I've spent the same (again less than if I'd bought it outright) as I would have in the first case, but now I've got a slightly better truck at the end.
Either way it worked out to a win-win for me to lease my truck.
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