x2. Sticker price on trucks is kind of a joke. I bought a Ram Laramie ecodiesel last year and got 17k off sticker.You can usually get these discounted about 10-12k towards the end of a model year.
Do not agree with this statement. If, like the majority of America, replaces/trades their cars every 3 years or so, leasing is, or let me say CAN BE, better deal. Some if not most manufacturers actually subsidize residuals, making them higher than what actual market value of the vehicle will be at lease end. This means for the 3 years you lease the vehicle, your payment will be lower during the lease and you will walk away at the end having put out less cash than if you bought, made loan payments for 3 years then traded to the dealer (for likely a lower trade value than the residual in the lease).Leasing...The worst way to spend money on a car since they became available.
Leasing is also a bad idea if you plan to actually drive your vehicle. I have seen many people park their lease vehicles because the miles are too high. For me I do a lot of road trips because flying a family 4 is too expensive so leasing it out of the question.
True. Leasing will not work if you drive much over 15k miles/year. I was leasing a BMW in 2005 and was downsized and ended up having to take a job 70 miles from home. That was 700 miles a week in commuting. So I ended up buying a used Honda and driving it to work 3 times a week until the BMW lease was over a year later. 2 months after that I transferred to an office 6 miles from my home. Where I work to this day.Leasing is also a bad idea if you plan to actually drive your vehicle. I have seen many people park their lease vehicles because the miles are too high. For me I do a lot of road trips because flying a family 4 is too expensive so leasing it out of the question.
I buy/pay for them through my company and when I sell them keep I the $$...let the accountant hide it, remember it is tax avoidance not evasion!If you're self employed, there are some very good advantages from a tax perspective to leasing. I lease my vehicles with a high mileage allowance. That raises the payment amount (tax deductible) and lowers the residual. I then buy them out at the end of the lease, at the lower residual. My wife gets a 3 year old babied vehicle, every 3 years.
For a non- self employed consumer, leasing is not a great idea, usually.
My Tundra list price was $51,500. Bought it for $40,500.Interesting, I didn't realize the sticker price on trucks was so jacked up.
Very Nice! When I bought my F150, it stickered for 52+ and I walked out at 44,500. I didn't have ANY connections to Ford either...I qualify for GM employee pricing and got more off the Ford than they were willing to give on GM. If the model hasn't changed, it can be VERY beneficial to look at a leftover last year model.My Tundra list price was $51,500. Bought it for $40,500.
My Tundra list price was $51,500. Bought it for $40,500.