I did the math on a Dodge pickup for lease in a local newspaper ad, once.
Lease payments collected over the term of a five year lease and then selling the vehicle at projected book price, added up to the dealer collecting some $35,000 on a pickup that cost him probably $18,000.
A buddy of mine leases a new Lincoln every three years to keep up his company's image. For him, it's a deductible expense. That's about the only situation where a lease works. For a private individual, they suck.
When I was in sales, we'd have people come in all the time and make a deal on a new car. Then they'd say, "I still have a year to go on the lease on the car I'm driving. How do I get out of that?" We'd have to break the news to them that they couldn't. Once you sign the lease, you're stuck with it to the final payment. And if you go over the allotted miles, you really take it in the shorts.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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