If you put over 50K miles a year on a vehicle is it better to lease or purchase?
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Question on trucks
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Question on trucks
Originally posted by Dustinb09 View PostI've never leased a truck, but i was thinking about it. I always like getting a new truck every couple years, but when it comes trade in time I'm always upside down due to miles. Guess there's no way around just have to keep the same truck for awhile.
With that many miles, you’re gonna lose your *** either way. With a lease you just buy the miles up front. Your payment is based on the residual value at the end of the lease so high mileage leases cost as much if not more than buying.
Honestly if you drive that many miles, you’d do better buying 2-3 year old used that has seen a good portion of the depreciation already.
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