LOTS of variables. But I did my calculations based on my state (IA) sales tax. 5% of purchase price for financing and with lease it's 5% of the depreciation over the lease split up in monthly payments. I then calculated 5% of my residual and added it to my 3 years of lease plus the cost to...
I did the math on my build. Basically 47k purchase price. If I do a 3 year lease and then a 3 year loan, vs a 6 year loan, assuming all variables stay constant between now and 3 yrs from now, it will cost me an (estimated) extra 5k. My payments will be about $200 less during my 3 years of lease...
You must have misunderstood me. I'm in the same camp as you, I DO think putting down a larger payment up front in exchange for lower monthly is the way to go.
The conventional "wisdom" is that it is a poor idea for the reasons I outlined above.
Anyone order custom plates for their gladiator yet, post em!
I ordered plates today for my JK that I will transfer over to my JT when it arrives. I went with GLADI8R. The website said it is available, but I entered in a couple others incase I don't get it. JEEP JT AND JEEPTRK
And before...
People that don't understand how auto insurance works spread this misconception due to the "totalled and insurance won't reimburse you" theory.
If you put 5K down on a 40k vehicle on lease and the vehicle depreciates 5k when you drive it off the lot, and total it the next day, insurance says...
I'm honestly up in the air at this point. It was already a lot of money in my opinion, and now I'm looking at another 1k since the treadlightly discount isn't happening. I might grab a 2018 wrangler lease for 24 months and see how the gladiator is doing at the end if the lease.