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Discussion Starter #1
Depends on how you look at it. I ran my 99 dodge until it was worth nothing. Had to come up with 42k to get the 16 F250. It came with a 3 year warranty . I don't put a lot of miles on it so when the warranty is up I will likely get a new truck. part of the deal was free oil changes. So when I trade in I will not have spent anything on maintenance. The cost to repair the new tucks is outrageous and I don't trust all the electronic stuff that's on them.
Yeah - there's a line somewhere when it is the best time to trade in. Years ago I heard it was 2 years or 10 years. But nowadays with so much 0% financing it makes a difference - you loose only depreciation value but not both that and finance charges which are the most at the beginning of a loan.

I've been in the 10 year club for some time. I am at almost 9 years now and not getting nickeled and dimed....yet. A couple $400 repairs the past couple years but that was it. What was killer for me was paying 5.9% interest back in 2009 on a 7 year loan. Went all out with that truck and will never do it again - at least the long loan. I thought I would never pay it off.

Leasing, while probably not the best financial way to do things, is now a popular choice for me. I've never leased a vehicle before but if I do get something new the next few years it will be a lease. One big advantage in my eyes is just what you said - with a 3 year lease it will be under warranty the entire time.
 

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2018 f-150 diesel!

Depends on how you look at it. I ran my 99 dodge until it was worth nothing. Had to come up with 42k to get the 16 F250. It came with a 3 year warranty . I don't put a lot of miles on it so when the warranty is up I will likely get a new truck. part of the deal was free oil changes. So when I trade in I will not have spent anything on maintenance. The cost to repair the new tucks is outrageous and I don't trust all the electronic stuff that's on them.
If mileage isn’t an issue and your ok with having a payment then why not lease? Seems it would be a good thing for you. Your payments would be less with a lease, I’m on my third one now and it really is just as simple as handing them a set of keys, sign a couple pieces of paper and walk out with a new set of keys
 

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If mileage isn’t an issue and your ok with having a payment then why not lease? Seems it would be a good thing for you. Your payments would be less with a lease, I’m on my third one now and it really is just as simple as handing them a set of keys, sign a couple pieces of paper and walk out with a new set of keys
Boy does that sound good. So you mean there isn’t 2 weeks of negotiating like I did last time? I could write a really long post about it - I don’t want to ever go through that again......

My average mileage is 6k per year
 

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Boy does that sound good. So you mean there isn’t 2 weeks of negotiating like I did last time? I could write a really long post about it - I don’t want to ever go through that again......

My average mileage is 6k per year
Based on my experience Stan it really is that simple.
 

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Boy does that sound good. So you mean there isn’t 2 weeks of negotiating like I did last time? I could write a really long post about it - I don’t want to ever go through that again......

My average mileage is 6k per year
You’d be perfect for lease. I’ve seen lease deals that are only for 10,000 miles a year. The less miles you put on the lower payments on the lease.

We leased our first two vans and our 2008 Accord. We had a four year lease. Once it was up we ended up buying the car, which meant financing it for four more. Will never do that again. Our daughter now drives the Accord.

A lease would not work for me anymore as I average 21,000 miles a year.


Sent from my iPhone using Tapatalk
 

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I have stayed away from leasing for a couple of reasons. I work construction, because of that I don’t know how far from home I will be working. I have been at a large paper mill 10 miles from for a couple of years now. Before that I spent just over a year at a nuke plant that was 45 miles away. Sometimes get to take a company truck home, but that hasn’t been the case lately. So i could easily find my self putting a lot more miles on the truck than I am now.

The other reason is my truck gets used as a truck, i put stuff if the bed and it sees off road use do to I hunt and fish.

I’m not really sure when the best time is to upgrade. I was thinking 3 years because that’s when the bumper to bumper warranty will end for me. My truck should have 30k on it then. Other than a few scratches,it should be in like new condition, tires should be at about 50%.

I work with a couple of guys that run bear hounds. They replace their trucks every two years, largely because the trucks get pretty beat up looking if they keep them any longer. One of them just got a new Chevy. He got a fancier truck than he had and claims his payment went down.
 

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Discussion Starter #7
Based on my experience Stan it really is that simple.
I’m going to have to study this - not that I don’t believe you...

It sounds to me that the dealer might be getting sticker price for their vehicles this way. I just find it hard to believe that there is no negotiation or price adjustment. When buying in my ecperiences you can get 15%-18% off the sticker price not including incentives. It would seem to me that if you could reduce the price of the vehicle your lease payments would be lower.

I may have this all wrong however. I need to understand the entire process and financials before I even think about doing it. I would need to go into the dealership armed with this information - don’t trust them myself. It just sounds too easy - and them making it easy for the customer means a rip off to me.
 

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I’m going to have to study this - not that I don’t believe you...

It sounds to me that the dealer might be getting sticker price for their vehicles this way. I just find it hard to believe that there is no negotiation or price adjustment. When buying in my ecperiences you can get 15%-18% off the sticker price not including incentives. It would seem to me that if you could reduce the price of the vehicle your lease payments would be lower.

I may have this all wrong however. I need to understand the entire process and financials before I even think about doing it. I would need to go into the dealership armed with this information - don’t trust them myself. It just sounds too easy - and them making it easy for the customer means a rip off to me.
There are still incentives and wiggle room on the price, even with a lease. But a good friend of mine is one of the sales managers at my local Chevy dealer, we also buy all of our service vans for work at this dealer, so I realize that I get a little preferential treatment but my point is, sticker price isn't necessarily sticker price on a lease, you can still haggle with them.
 

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Discussion Starter #9
There are still incentives and wiggle room on the price, even with a lease. But a good friend of mine is one of the sales managers at my local Chevy dealer, we also buy all of our service vans for work at this dealer, so I realize that I get a little preferential treatment but my point is, sticker price isn't necessarily sticker price on a lease, you can still haggle with them.
OK - that makes sense to me now.

I had a terrible experience buying my present truck - really took any faith I might have had for that dealership. But since then a dealership opened up in town where I get all my service work done. I will do my research and try to have an open mind.

I just hate paying too much. I realize they have to make a profit. Their service department has sold me on buying my next vehicle there.
 

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I’m going to have to study this - not that I don’t believe you...

It sounds to me that the dealer might be getting sticker price for their vehicles this way. I just find it hard to believe that there is no negotiation or price adjustment. When buying in my ecperiences you can get 15%-18% off the sticker price not including incentives. It would seem to me that if you could reduce the price of the vehicle your lease payments would be lower.

I may have this all wrong however. I need to understand the entire process and financials before I even think about doing it. I would need to go into the dealership armed with this information - don’t trust them myself. It just sounds too easy - and them making it easy for the customer means a rip off to me.

You are correct in your thoughts CT. Mrs. CP and I were just discussing this the other night. We were remembering back to 1999. That is when we leased our first Subaru, a Forester. I researched leasing to no end. I feel I got a good deal doing it this way. I never said whether I was leasing or buying until we had agreed on a price. I had that poor salesman going back and forth to his manager. When I heard the manager yelp, I figured I'd gotten to the end of my negotiations. However, it took so much darn time, that it was exhausting. With the truck, I had watched the ads on TV and had looked at Chevy's website, so I had an idea of what the payment should be. They came out the door with a good payment, so we agreed. We never negotiated price. Looking back, Mrs. CP and I feel we could have done better. Despite dreading it, I will go the long route and negotiate price the next time. Also, I've always had good luck getting them to through things in, mud flaps, etc. No go with the truck for some reason. Also, I might add, I am a firm believer in not putting any money down on a lease. The cash will do me better in my account than by lowering the payment a few measly bucks per month.
 

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You are correct in your thoughts CT. Mrs. CP and I were just discussing this the other night. We were remembering back to 1999. That is when we leased our first Subaru, a Forester. I researched leasing to no end. I feel I got a good deal doing it this way. I never said whether I was leasing or buying until we had agreed on a price. I had that poor salesman going back and forth to his manager. When I heard the manager yelp, I figured I'd gotten to the end of my negotiations. However, it took so much darn time, that it was exhausting. With the truck, I had watched the ads on TV and had looked at Chevy's website, so I had an idea of what the payment should be. They came out the door with a good payment, so we agreed. We never negotiated price. Looking back, Mrs. CP and I feel we could have done better. Despite dreading it, I will go the long route and negotiate price the next time. Also, I've always had good luck getting them to through things in, mud flaps, etc. No go with the truck for some reason. Also, I might add, I am a firm believer in not putting any money down on a lease. The cash will do me better in my account than by lowering the payment a few measly bucks per month.
I agree with this, and I also have never put money down on a lease.
 

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Discussion Starter #12
You are correct in your thoughts CT. Mrs. CP and I were just discussing this the other night. We were remembering back to 1999. That is when we leased our first Subaru, a Forester. I researched leasing to no end. I feel I got a good deal doing it this way. I never said whether I was leasing or buying until we had agreed on a price. I had that poor salesman going back and forth to his manager. When I heard the manager yelp, I figured I'd gotten to the end of my negotiations. However, it took so much darn time, that it was exhausting. With the truck, I had watched the ads on TV and had looked at Chevy's website, so I had an idea of what the payment should be. They came out the door with a good payment, so we agreed. We never negotiated price. Looking back, Mrs. CP and I feel we could have done better. Despite dreading it, I will go the long route and negotiate price the next time. Also, I've always had good luck getting them to through things in, mud flaps, etc. No go with the truck for some reason. Also, I might add, I am a firm believer in not putting any money down on a lease. The cash will do me better in my account than by lowering the payment a few measly bucks per month.
OK - I’m feeling a bit better about it all now.

Last truck purchase summary (2 week ordeal).

Looked at this truck for over a month on the lot. Finally went inside. After 4 trips there they would not come off sticker price. So went on-line all over the western half of the state. 4-5 days of that with phone calls and finally got it settled. Dealer from 195 miles away bought the truck from this dealer and brought it th their place. Sold it to me for $4500 less. It was a 15% discount - that’s all I wanted to begin with.

I have some confidence however in this newer dealership.
 

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IMO the only smart way to buy any of these diesels (doesn't matter what make) is to lease them, run the wheels off them for three years and give it back. Then when the truck can't even make to the mail box and back with a check engine light or a stationary regen being required it can be someone else's nightmare. For many many years ones of the bigger selling points of a diesel was resale value, once people realize what a pile of costly junk they have with these new emissions diesels that number will change.
Not following your logic here... If you lease a vehicle you are limited to miles/year and that is usually pretty low. Either that paying a lot more to get more miles. So 'run the wheels off them' isn't really an option. And if you returned a vehicle that "can't make it to the mailbox and back" I think you'd owe some damages.

If your use does fall into parameters of a lease then go for it. But make sure you save up the net difference of your monthly payments (between lease and buy) because you'll need that as the lease buy-in for the next one. In very few cases is a lease a silver bullet solution. Maybe for some businesses.

Rob
 

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I made a request to the mods to split off our leasing conversation into its own thread. There is more to explore about buying vs. leasing.
Done.
 

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Discussion Starter #17
OK - now that we have this topic seperated -

I am going to study something on the buy vs. lease front. I want to know if you buy a certain vehicle and keep it for 3 years vs. leasing for 3 years.

There is a lot involved here. Buying includes down payment, loan interest, and depreciation with the result of the value of trading said vehicle in at the end of 3 years.

Leasing involves a lot that I know nothing about - especially the term “money factor” which I see on lease terms. Also involved here is any possible down payment and residual value at the end of the lease.

I hope to get all these facts and figures down to something I can compare. Actual monthly payments along with actual cost of ownership over the 3 year term of each.
 

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I don't advocate leasing Coaltrain.
Negotiation is still needed just as though you were buying.
The ever increasing cost of new trucks helps elevate the value of used trucks. I will speak of the diesel market at this time since the last three trucks I owned were diesel, but with low to moderate milage my trades were worth tens of thousands more than my loan residuals.
Yes a new diesel is a fortune but I just traded a 2013 for a 2017 and arranged for the dealer to show it as a trade in and immediately sell it to a friend for 10k less than similar used trucks on their lot and I still had over 20k equity to throw on the new purchase plus the tax break of the trade.

You will save a little every month leasing but at the end when you turn it in you have nothing. With the great care and limited miles you put on your vehicles your turn in will be far more valuable than the average guys.

If you buy and I were you I would get another F150 with the 5 liter. Your new truck would turn back into an asset in 4 or 5 years I believe.
Also go for more than the minimum option level.

I would expect sticker shock, but the thing that would cause me to trade your current truck is corrosion level. If it's bad, trade it, if not then don't take on unnecessary expense.
I also recommend Ziebart rustproofing for our climate, it works, I have had it done on many vehicles.
 

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Discussion Starter #19
I don't advocate leasing Coaltrain.
Negotiation is still needed just as though you were buying.
The ever increasing cost of new trucks helps elevate the value of used trucks. I will speak of the diesel market at this time since the last three trucks I owned were diesel, but with low to moderate milage my trades were worth tens of thousands more than my loan residuals.
Yes a new diesel is a fortune but I just traded a 2013 for a 2017 and arranged for the dealer to show it as a trade in and immediately sell it to a friend for 10k less than similar used trucks on their lot and I still had over 20k equity to throw on the new purchase plus the tax break of the trade.

You will save a little every month leasing but at the end when you turn it in you have nothing. With the great care and limited miles you put on your vehicles your turn in will be far more valuable than the average guys.

If you buy and I were you I would get another F150 with the 5 liter. Your new truck would turn back into an asset in 4 or 5 years I believe.
Also go for more than the minimum option level.

I would expect sticker shock, but the thing that would cause me to trade your current truck is corrosion level. If it's bad, trade it, if not then don't take on unnecessary expense.
I also recommend Ziebart rustproofing for our climate, it works, I have had it done on many vehicles.
I am actually thinking about a vehicle for Mrs. C right now. My truck - coming up on 9 years now and I still love it. I am on a mission to see if I can make this the last truck I will ever buy.

As far as Mrs. C. something short of a miracle needs to happen first - but I am on a mission here also. I am hoping within the next 2 years I can get her well enough to be driving again.

Her parents are in their late 70’s and live 2 hours away. She is very close with them but not able to drive to visit them anymore. She really needs to start spending time with them. We have talked about moving down there but that is a tough subject for a couple reasons. So option “B” is to get her better then get her a new vehicle - something like an Escape - so she can make the trip and spend some time.

So I am doing my research now.
 

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Does anyone know the answer to this question: Can you lease a vehicle that you special order from the factory?

We definitely want to lease again. However, I want a half ton crew cab truck with the max tow package, silver in color with heated seats. If I go to GM or Ford’s build your own site, and then search dealer inventory, it’s tough to find anything with the max tow package.
 
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