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In no way, shape, or form should you put that equity into a lease. If you're gonna go swimming, might as well get wet. I.e...if you're going to reduce the cost of the vehicle by that much, buy the thing.
Yeah I figured I’d just use the trade to cover the whole part of the lease. I essentially was looking to “lease to buy.” Since leasing offers were better than straight up financing.
I see what you're thinking, but if the truck gets totaled, the difference in what you put in vs what insurance paid goes poof. Additionally, if you're planning to buy the lease at the end, with that much of a down payment, just buy it now anyway. If you're planning to get out of the vehicle at lease end, there is literally 0 upside in putting money down ( other than lowering your payment, but with 38k in trade...make them cut a check...you can make the payments from that).
Yep I’ll definitely see about that, thank you so much for the advice. Insurance was a good point. Yeah purchasing was all fine with my previous Ram’s and I got a hell of a deal when I purchased new, a 1500 (over 20% off MSRP), but now that I’m looking to lease and it’s a factory order, I figure it’s a little more complicated. Thanks again.
Your deal is very similar to mine...within $111 of my deal. My MSRP was $72,800 and I paid $59,500. However, my 2019 trade was at $48K which I was VERY happy with on a 2-year old truck. This is a great deal...congrats my friend!
You are assuming that it's a 12 month loan with zero interest?
That’s how I have to figure it. The key is the 12 months. Even with internet paid, it’s still a damn strong deal. If I could be guaranteed to flip into a top line new truck every year for sub $600 per month, sign me up.
It's all good...we all get your main point
Whats the number you called ? I wonder if it’s to late btw 500 miles on the new truck and the check engine light is on
You're the last one, so you get a statue for being so awesome. The rest of us can only dream of reaching your level of awesome.
Some of us have figured out that putting a large lump sum of cash into a depreciating asset isn't as good as financing at low to no interest and investing that same amount and making returns in excess of any finance charges, resulting in having a truck AND capital gains vs. just the truck.
What % off MSRP did you get? I wasn’t impressed with local dealers when I ended up getting mine through Mark Dodge.
Yeah even though we did have enough cash for the total cost of my previous truck, financing usually holds more benefits like you mentioned, plus you always have the ability to pay it off early and can take advantage of those low interest rates, and whatever deals that apply to financing vs cash only. This guy here just told me that I was $18k in debt. I was not aware of that until now, thank you Kanye, very cool.
