How many of you lease your truck?

 

The spectacular resale value is one compelling reason not to lease an F-150.

 

For our business, we leased. The gating factor is that it consumes less capital, which leaves capital for revenue-generating purchases, and it is 100% a tax return write-off.

 

Mine is leased.

 

I should have leased mine, then I wouldn't care about everything that's wrong with it lol. If I ever do it again I might least and if it's not a pile of crap buy it out at the end of the lease.

 

Is it true once you start leasing you’ll always be leasing cause it’s so hard to buy new?

 

Can you explain your question a little? I'm not sure that I understand what you are asking.

Are you thinking that once you get used to driving a new one all the time that you will not want to go back to owning something long term?

 

Sort of yes, and sort of no. If you want to keep a leased vehicle, you have to come up with the down payment at the end of the lease.Kind of a pay me now, or pay me later kind of deal. That, and the lease is more expensive as far as "interest" goes.

OTOH, if you can't swing the cash in the beginning, a lease may be the best option.

 

Mine is leased as well. At this time planning on purchasing at the end.

 

Actually that is a very good reason to lease.

 

If I had a business, and I could write the payments off on taxes.. Thats purely a good business decision. For personal use...if you dont want to keep it long. Maybe. But from my viewpoint why pay for something that you don't own?.....your payment will be higher if you own it. And when you pay it off, you own it free and clear... In my case I usually keep my vehicles a very long time...and Im talking up to 20+ years

 

Absolutely False. You can turn the truck in at lease end. Assuming you didn't go over mileage and you didn't have excess wear, you just walk away. You can choose to purchase the truck just like any other vehicle. You can turn it in and lease or buy another, either way you have to be approved based on credit worthiness. A lease might actually be harder than a new purchase? IDK?

 

Considering how well F-150's are holding their value long term, I can see why one would want to lease.

 

Hmmm. Everybody does it everyday. You buy a house and pay it off. You never truly own it. Try not paying the property tax and see what happens. Same with land. You 'bought' it but again, if you don't pay the taxes, they come and get it.

 

Exactly.. Leasing a vehicle with poor resale value is never a good idea. And I hate to break it to you guys but I bet the vast majority of high end trucks and other luxury vehicles are leased. The payments otherwise would be ridiculous.