Posted by dhermesc on September 08, 2017 at 08:12:43 from (24.248.193.103):
In Reply to: Leasing posted by 41106 on September 07, 2017 at 20:31:35:
I've only seen leasing work when the goal is to keep a new vehicle in your driveway. My old boss would do 2 year leases (rare) on his Lincolns, he was getting hammered on the depreciation hit by only owning the cars 2 years. We looked at from a business angle where we normally own the trucks for 4 to 6 years and put a lot of miles on them (120K to 170K) and it looked like a good way to eat up lots of money without anything to show for it. With only 3 or 4 year leases and the miles we put on would blow through any mileage agreement they would allow.
If you are looking at a lease because you can't afford to buy new - you can't afford a new lease either.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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