Lease vs Buy/ Finance

[milehifireguy]

In the early stages of figuring out what I am really wanting on the 25 Ranger I plan on acquiring later this year. I was curious if anyone here has done a one pay lease? Basically, you agree to pay an upfront amount that covers the lease period (i.e. 24,36,48 months) and in doing so you eliminate monthly payments. You still have the normal end of lease options of buying or turning in. I've heard that many times this can be done leading to a better overall deal. Thanks in advance!

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[superj]

I have never heard of it, though i have never asked either

 

[Satex]

In the early stages of figuring out what I am really wanting on the 25 Ranger I plan on acquiring later this year. I was curious if anyone here has done a one pay lease? Basically, you agree to pay an upfront amount that covers the lease period (i.e. 24,36,48 months) and in doing so you eliminate monthly payments. You still have the normal end of lease options of buying or turning in. I've heard that many times this can be done leading to a better overall deal. Thanks in advance!

I've not heard of it, but I'm not sure what you're trying to accomplish. If you're trying to make the best financial decision, it will be a rare situation in which any lease does that.

Not to preach, but the best deal is to not buy new vehicles. 99% of folks on this board, including me, ignored that.

Generally, you're going to negotiate the best deal by first negotiating for your out the door price, while leaving trade ins and payment options as separate and later steps.

Second step is to negotiate your trade if you have one, or sell it separately.

Last is the payment option. Don't engage in anything about that until you've completed steps 1 and 2.

The problem with a lease is that you're deciding to again buy another new vehicle in the foreseeable future. Yeah, you can buy out your lease, but you will ALWAYS be better off buying up front if you think you might want the vehicle long term.

I apologize for not addressing your specific question. I'm a proponent of not financing things. Paying cash for only what you can afford with cash will pay enormous dividends.

In the early stages of figuring out what I am really wanting on the 25 Ranger I plan on acquiring later this year. I was curious if anyone here has done a one pay lease? Basically, you agree to pay an upfront amount that covers the lease period (i.e. 24,36,48 months) and in doing so you eliminate monthly payments. You still have the normal end of lease options of buying or turning in. I've heard that many times this can be done leading to a better overall deal. Thanks in advance!

I've never heard of it. Your post ALMOST reads like you're asking for advice. It doesn't though, so I won't offer any. If you do mean to seek advice, try to state what you're trying to accomplish. You mentioned getting the best "deal," but it isn't clear if you mean the best deal for your overall financial life, best deal among lease options, etc.

 

[milehifireguy]

I've not heard of it, but I'm not sure what you're trying to accomplish. If you're trying to make the best financial decision, it will be a rare situation in which any lease does that.

Not to preach, but the best deal is to not buy new vehicles. 99% of folks on this board, including me, ignored that.

Generally, you're going to negotiate the best deal by first negotiating for your out the door price, while leaving trade ins and payment options as separate and later steps.

Second step is to negotiate your trade if you have one, or sell it separately.

Last is the payment option. Don't engage in anything about that until you've completed steps 1 and 2.

The problem with a lease is that you're deciding to again buy another new vehicle in the foreseeable future. Yeah, you can buy out your lease, but you will ALWAYS be better off buying up front if you think you might want the vehicle long term.

I apologize for not addressing your specific question. I'm a proponent of not financing things. Paying cash for only what you can afford with cash will pay enormous dividends.

I've never heard of it. Your post ALMOST reads like you're asking for advice. It doesn't though, so I won't offer any. If you do mean to seek advice, try to state what you're trying to accomplish. You mentioned getting the best "deal," but it isn't clear if you mean the best deal for your overall financial life, best deal among lease options, etc.

Thanks for the input! I agree with and try to apply all the points you made in your response. I too had never heard of it before and wanted any real world experiences with the process.

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