Leasing???

#YOLO

 

You have a great point - I see "no 401k" and automatically think "no retirement plan". So that's just flat out wrong on my part. Thanks for the correction.

 

I fixed the original quote.

 

Your assuming the truck does depreciate. The way inflation is going and if you have seen what used vehicles sell for now. In 10 years a truck I paid 60k for could very well be worth 70k. I personally doubt it but maybe. All investments are a gamble. Except my happiness, a new truck is a guaranteed good investment into my happiness. I’m doing fine on investments for retirement.

 

Truck I paid $47k for in July of 19 just sold for $51k with 45k miles and some hard use and wear and tear… truck made me happy for its ownership and is allowing me to get into a new platinum at the same time- win win

 

Best bet is to educate yourself. No cares as much about your $$ as you do. Leasing is just another option in one's financial toolbox.

An excellent site for leasing information, pros and cons is:

www.leasehackr.com

I have leased, paid cash and financed vehicles. There is no one size fits all.

 

If the scenario you describes happens, we have bigger problems as an economy.

 

As far as I know, the monthly payment for a lease can vary based on factors like the selling price, lease terms, and any incentives or discounts you negotiate.