Hello, this is my first post since finding this forum and I wish I did sooner! I'm currently leasing a 2019 1500 Big Horn and exploring my options. It's my first truck and I used the lease as essentially an experiment of whether a pickup made sense for my lifestyle, work, etc. and I would like to stay in the RAM family.
With the current used market, it appears my best option is to either buy the vehicle out or use it as leverage for a new one. For reference, buyout is ~29K and my same vehicle w/similar mileage is averaging between $37-40K on lots (I'm in North NJ). I understand that there are numerous factors at play here, but I don't know whether to look at 2021 models or potentially wait/order a new 2022. Conventional wisdom says the inflated used market won't last forever and I should take advantage while I can. Conversely, I buy it out and hold for the 2022 models with updated Uconnect and such to try my luck there but there's the risk of the used market value decreasing and low available inventory into next year.
I realize that everyone's situation is different and there is no "one-size" solution. I'm just looking for some advice from those who are more familiar and knowledgeable with the RAM market. Thanks!
With the current used market, it appears my best option is to either buy the vehicle out or use it as leverage for a new one. For reference, buyout is ~29K and my same vehicle w/similar mileage is averaging between $37-40K on lots (I'm in North NJ). I understand that there are numerous factors at play here, but I don't know whether to look at 2021 models or potentially wait/order a new 2022. Conventional wisdom says the inflated used market won't last forever and I should take advantage while I can. Conversely, I buy it out and hold for the 2022 models with updated Uconnect and such to try my luck there but there's the risk of the used market value decreasing and low available inventory into next year.
I realize that everyone's situation is different and there is no "one-size" solution. I'm just looking for some advice from those who are more familiar and knowledgeable with the RAM market. Thanks!