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re: Trading in a vehicle every couple years vs leasing
Posted on 8/20/17 at 12:11 pm to LSU6262
Posted on 8/20/17 at 12:11 pm to LSU6262
It's the primary reason to lease.
Leasing should reduce the cash flow required in this situation. Provided he meets the mileage and maintenance requirements (leasing a work truck that will incur jobsite damage is not a great idea).
If planning to keep a vehicle long term, or buying used, leasing is not financially competitive. But if you trade in often for a new vehicle, it can make a lot of sense.
Leasing should reduce the cash flow required in this situation. Provided he meets the mileage and maintenance requirements (leasing a work truck that will incur jobsite damage is not a great idea).
If planning to keep a vehicle long term, or buying used, leasing is not financially competitive. But if you trade in often for a new vehicle, it can make a lot of sense.
1
Posted on 8/20/17 at 4:02 pm to LSUtigerME
quote:
mileage
This is what matters. Either you are low mileage enough to take advantage of leasing or you are not.
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