I purchased a Bighorn off the lot recently, joined this forum and it seems just about everyone on here has a much higher Trim level and/or special ordered it (Limited). I am just curious how many have Leased vs. Financed vs. Paid it Off.
The reason I ask, my dad is 83 and long since retired (banker), has leased a new Lincoln every two years for himself and a another Lincoln or Ferd for my my 84 y/o mom and he has done so as far back as I can remember. It suits them mileage wise, and they are always in a nice new cars. Their house is paid off, but my 83 y/o dad still spends half a day the 1st of every month writing checks and balancing his budget.
Meanwhile, I squandered my higher education opportunities, but retired from an FD job at 51 this year, and pay my utility/cable/phone bill in 10 minutes. Granted, I have a downsized and less Luxe house and titles to an '18 Scat Pack and a '19 Ram that I wont be trading up anytime soon, but I am beholden to nobody except the tax man. I know the benefits of "renting" a depreciating asset and "buying" an appreciating asset... but I am still curious.
The reason I ask, my dad is 83 and long since retired (banker), has leased a new Lincoln every two years for himself and a another Lincoln or Ferd for my my 84 y/o mom and he has done so as far back as I can remember. It suits them mileage wise, and they are always in a nice new cars. Their house is paid off, but my 83 y/o dad still spends half a day the 1st of every month writing checks and balancing his budget.
Meanwhile, I squandered my higher education opportunities, but retired from an FD job at 51 this year, and pay my utility/cable/phone bill in 10 minutes. Granted, I have a downsized and less Luxe house and titles to an '18 Scat Pack and a '19 Ram that I wont be trading up anytime soon, but I am beholden to nobody except the tax man. I know the benefits of "renting" a depreciating asset and "buying" an appreciating asset... but I am still curious.