Leasing a tundra Question / First time buyer/Leaser

Hello everybody, I'm currently looking to buy/Lease a Tundra.
I hope I can break this down for everyone to understand and would want to have some different insights from as many people as possible, because I currently looking at different information on youtube, but its all the same-ish and is not really answering my question.

1. So I am currently thinking of getting a 24 Tundra Plat edition, reason being is because of the technology that it comes with, the 4x4, and the blacked out headliner. I would of done the Limited trim with the same stuff but for some reason I really want the blacked out headliner and based on what I've found, there isn't really any shops that can change it out. So I assumed that I have to stick with the Platinum edition.

2. The second thing I'm really concerned with is the leasing contract. I'm considering doing a leasing contract because the monthly bill will be cheaper which will give me more time to do more mods on it and save money to finance the car after the contract is over, and secondly I am planning on buying the car and keeping it for the next 10+ years. So my options are to lease the car for 3 years and buying out the contract afterwards. My second option is just to wait for another year and put down a Large Down payment on it and go from there. I'm leaning towards the Leasing and buying out the contract afterwards (the more videos I watch about the car the more I want it). But then I'm come to hear the term "RESIDUAL VALUE" which I understand that, its the estimated cost of the car after the leasing term. But I don't know what to do with that information. I understand Tundra's Tend to keep their value after 3 years and was wondering would it be worth it, to go the Leasing route? Or just bite the bullet and continue to save money for the large down payment for a year or two.

Any help would be good help or any information would be great. I've looked around and these are some of the questions that keep bothering me over and over.

I will be coming from a 13 corolla.

 

if you're 100% on keeping it for years and years i don't think anyone would recommend to start with a lease

 

My opinion would be to save and buy later... This does two things...

Gives Toyota more time to work some more of the bugs out of the Gen 3.

What if you leased and did a bunch of mods.. went over the mileage... And then changed your mind on buying after lease is up... You will be responsible for putting the truck back to original... Hope the wear and tear isn't obsessive... And pay for over mileage... Just my way of thinking...

 

I have yet to see where a lease makes any sense financially. If you can wait, save your money for that much larger down payment.

 

BTW, Welcome from LA (Lower Alabama)!

 

I've never leased so forgive the stupid question, but don't you generally put down a sizeable chunk of money at the front end of a lease too? (Kinda' like a down payment?)

 

You do put a down payment, to start the lease, but the monthly would be lower. but yes, you do put a down though

 

Yea you guys are right. I'm glad i got to talk to you guys and see your inputs first.
in regards to the bugs for the tundras, is it the engine?

 

engine, seats, wind noise, i'm probably missing some

 

Leasing is for luxury cars you wouldn’t want to own past the warranty period due to depreciation and repairs. Those companies will manipulate the residual so that the lease payments are reasonable even though the car loses 50%+ of its value in 3 years.

For buying I would recommend not modifying the banks car. Instead that should be used for paying off the vehicle sooner.

 

leasing is for rich people with businesses that want a new car every other year and can write it off. if you plan on keeping it, just buy it. nothing you said sounds like a good idea. leases are such a waste of money.