That's what gets a LOT of people with non-business lesases, the mileage numbers are crazy low and the penalty adds up quick. Leasing tends to make much more sense for businesses where you need to be seen in the newest nicest vehicles to make a good impression. And commercial leases often have no mileage limits.Finally, my mileage estimate for the Ecodiesel is getting blown out of the water. A bad thing for a lease. It was supposed to be the daily driver only half the time, but I'm enjoying it so much the other car hasn't left the garage in the 2 months since I got the Ecodiesel.
I'm shocked your lease was more than purchase, looking online for my various builds it's a few hundred dollars a month cheaper to lease.I looked hard at leasing when I got my truck, but choose to buy it instead. What was driving the lease idea is 1) I don't hang on to cars all that long anyways, and 2) I suck at getting decent $$ when I sell cars. The nearest major metro area is 2hrs away. As a result it can be hard to sell a car for a decent price because there aren't that many used car buyers.
When the dealer worked out the numbers the lease monthly payments were more than the purchase payments because the lease option didn't have some incentives. I got to thinking that if I want to sell my truck in 3-4yrs, it will have almost no competition. There's going to be darn few used Ecodiesel trucks available for the next several years for obvious reasons. Therefore even I should be able to get a good price if I decide to sell the truck.
Finally, my mileage estimate for the Ecodiesel is getting blown out of the water. A bad thing for a lease. It was supposed to be the daily driver only half the time, but I'm enjoying it so much the other car hasn't left the garage in the 2 months since I got the Ecodiesel.
Says a guy that has more free cash laying around then I've probably made in my career. Of course it doesn't make sense too you, you can just write a check if you want. And that's not a bad thing, but is it not a value for someone like me to rent more truck than I can afford then to not have the truck atall?...and when you are done RENTING the truck you can burn your rent slips to stay warm.
At the end of the lease you have nothing but the memory of using the truck for just a few years. I mean no equity. You gave it all to the owner of the truck you rented.
Now how do you actually carry anything in the bed of a leased truck? I mean, logs, dirt, rocks, fuel, all sorts of tools, tanks, bikes etc. All those thing scratch and damage the bed when you use the truck. At the end of a lease you will have to pay for all that damage or plan on not using the truck as a truck.