High lease cost?

DenaliDad · Oct 5, 2014

Passin Thru said: ↑

I agree with Halpinout. I never met anyone successful in a lease-purchase in the last 50 years.
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You need to get out more. They're out there.

Night_driver · Oct 9, 2014

SpiritWolf said: ↑

Ok, so the truck I have now is killing me. $1850/month payment, which is NOT the problem. The issue is the AVERAGE of $5500 per MONTH in maintenance/repair costs. Add in downtime of 5 to 10 days a month, and my bank has been ripped raw and bloody.

Im sitting here with a deal on the table to lease a brand new truck for $3800/month. At the end of the 3 year lease, I can choose to get my down payment returned, or keep the truck. (this is comming from a major Volvo dealer, not a trucking company, or fly by night dealer)

Running the numbers over and over, Im 99% sure i can do this, as $3800 is still way less than the $6k to $7k my old truck is/was costing me. The high payment comes from my horrid credit rating, and not having owned a truck for as long as they would like to see.

My question is this. How high of a lease payment is realistic? I would like to get some input from others who have taken on high lease payments and lived to tell about it.

Thanks
Click to expand...

Add all payments + down payment and you will see how much it costs.

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