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Why look at lease when used truck sale prices are dropping steadily?

I genuinely ask out of curiosity. If you are looking for early buy out and a one year payoff, then you are clearly looking to BUY a truck rather than lease one.

My truck (the one in my avatar) was purchased for $44,500. 2013 with 521,000 on the clock. $8,000 in down payment, $2,000 to the finance company for upfront fees, $700 in minor fixes and a repair, and down the road we went!

My current payoff amount is $33,000. If I run the loan to term, I’ll pay a bit under $48,000 all told. And from what I’m hearing, the used truck market is getting even better from a buyer’s perspective.

 

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