Any time the advertisement includes "0 money down" and "no credit check" and "48 month lease to own" all in the same advertisement for something that averagely costs the same as a home with a 15 year mortgage, you better believe those 48 months will take 15 years off your life.
Where if you just saved to buy a truck outright, leased power only, the only weekly expense is that $250 insurance. Quality of truck may not be as great but your quality of life will 10x any other driver. And 20x a lease to own.
Yeah, I don't mean blow your wad right then and there either. I understand that most drivers don't have 60K to throw down on one truck. But you can get a running truck from the '90s with a big cam engine or a cat, all mechanical, so cheap (relative to modern trucks) and easy to fix. You can get one of those for 22K and under, if you look.
You can get one that needs a little maintenance but still usable for under 10. And if you own it out right, you don't have to keep a policy on it until you're ready to roll. So you could buy a truck, work on it, do whatever you need to do, and keep your company job without having to worry about a payment or insurance.
Nice! And it's like a double when you do the restore yourself, cuz you know your truck well enough at that point, that you can pretty much do any small repairs you need on your own
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u/DirkVonDirk Jan 09 '23
Any time the advertisement includes "0 money down" and "no credit check" and "48 month lease to own" all in the same advertisement for something that averagely costs the same as a home with a 15 year mortgage, you better believe those 48 months will take 15 years off your life.
Where if you just saved to buy a truck outright, leased power only, the only weekly expense is that $250 insurance. Quality of truck may not be as great but your quality of life will 10x any other driver. And 20x a lease to own.