Two years ago today I picked up my Truck from the dealership. I have always taken care of the vehicles that I have owned, but little did I know how obsessed I would become. This year especially I started cleaning spots that I skipped before. I guess I just love my Truck.
I leased it at the time and I have one more year to go on the lease. Unless something drastic happens I have every intention of buying out the lease next year. I have put two much TLC into the Truck to give it up.

The fun continues…

Martin

 

congrats mschon! Time flies doesnt it???

i've had my HD for 2 years back on july 3rd. only felt like 2 months. lol. but i take care of her and find myself always finding more and more stuff to clean (even the underbody now )

I also leased mine cuz thats the only way i could afford it. less than a year left for me also. I'm gonna do the buyout after that though no doubt about it.

congrats and good luck!

let the good times roll

 

Hey Josh

I have to play catch up to you now, with all the Mods you have done. I would love to get a hood like yours and the lights. When I buy out the lease next year I am hoping to drop my payments in half. Lots of cash for stuff then.

 

You can buyout your lease at anytime...at least in the US. Not sure about the rules in CA. Just call your lender for the lease buyout amount. Usually have to pay an early term fee of $250-500 (look at your contract). With these low used APR's, it might be more beneficial to buyout now. In US, you pay tax on the lease fee (bank charges in a purchase), as well as the vehicle principle. Basically, a 3-yr lease is the same amoritization as a 3-yr loan with a balloon payment (buyout price). Convert your money factor to an APR to break it down. To get the APR from the money factor, multiply the money factor times 24 (constant value).