Leasing a vehicle?

many financial guys will say never buy something that depreciates like a vehicle...

low mileage lease is usually about 10,000 miles a year. some say take the low mileage lease over paying for extra mileage up front. seems like most are about 20 cents a mile over agreed mileage.. it can be cheaper to pay for over miles then it is to buy higher mileage upfront.. what's 10,000 miles at 20 cents a mile?? $2000?

you don't have to put money down upfront (credit factors in also). if you want those dirt cheap payments they advertise then yes you need to put money down. on our GMC we paid the tax upfront to lower the payment to where we wanted after negotiating the price upfront.. you'll save in tax with a lease also. now if you just turn the lease in at the end you may have a fee. if you turn the lease in and get another (buy or lease) there is usually no fee and many will forgive overage miles. if you are way over on mileage and maybe have some damage you can always just trade the vehicle in on something else and avoid any of those turn in fees but it will be treated like a trade in value wise just like any other used car.

we lease the truck we tow the camper with. you should never put money down upfront. if needed put a minimum down on a lease. if that ***** is totaled driving off the lot you'll never see that money again. so put nothing down if possible. truck will always be under warranty, won't have to put tires, brakes or any of that stuff on it. basically just paying for oil changes over the 3 years we will have it... if its a pile of **** we aren't stuck with an expensive paperweight, if we decide we are done with the trailer we can sell the trailer and easily get out of the truck and the biggest thing is these damn trucks are so damn expensive and seem to be rusty within in 7 years no matter how good you take care of it in this area...

in the end it really depends on what you are leasing. something like a toyota tacoma is an awesome vehicle to lease because they hold value so well.. something that doesn't hold value isn't a smart lease. i drive 22,000 miles a year in my daily driver so a lease isn't a smart decision there. jamie bought her car too because she was driving a lot for work so it was smarter not leasing but then covid hit and she has been working from home (only has 4000 miles on it since march) so we could have leased her car or even kept her 130k mile mini which would have easily lasted.. :)

is a lease for everyone? hell no. is a lease the best choice for many? yes. just do the homework before hand and see what is best for you..

there is a ton of information out there on how to negotiate and figure out leasing. it seems a lot don't really understand them so some research will help a lot.. lucky jamie is an accountant and understands all that numbers **** better them myself. she drives those poor salesmen and finance managers crazy because she sits there with her laptop and wants to know where every cent is on that paperwork. with the GMC she drove that guy crazy for over an hour for a $7 difference .,.lol the sales girl looked at me and i said, hey. i pick out what i want. she says if we can afford it or now...:)