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Cash Deal More Expensive

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  • crusher
    Senior Member
    • Jun 2001
    • 1188

    #11
    And you say its the bank's fault???

    Comment

    • stonepicker
      Senior Member
      • Dec 2011
      • 1217

      #12
      Originally posted by crusher View Post
      And you say its the bank's fault???
      Exactly! Who's fault is it?

      Comment

      • Partners
        Senior Member
        • May 2010
        • 3105

        #13
        Compare leasing..we term we got on a 17 Explorer the 3 yr payments are way less than the hit would be if we owned it..

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        • sumdumguy
          Senior Member
          • Mar 2007
          • 11975

          #14
          Sometimes you can take over some one elses lease for cheap, cheaper, cheapest. How could you buy a new Jeep Trail Hawk and drive it for 3 years for $303/ month or $10,800 depreciation? In 3 years time, what could you get for that used Jeep on the resale market? It's a forty thousand dollar vehicle, in 3 years, resale might, maybe get you $20-$25,000.

          Comment

          • Richard5
            Senior Member
            • Jan 2014
            • 469

            #15
            Originally posted by sumdumguy View Post
            Sometimes you can take over some one elses lease for cheap, cheaper, cheapest. How could you buy a new Jeep Trail Hawk and drive it for 3 years for $303/ month or $10,800 depreciation? In 3 years time, what could you get for that used Jeep on the resale market? It's a forty thousand dollar vehicle, in 3 years, resale might, maybe get you $20-$25,000.
            Exactly but i will add another comment

            As i am always reminded, leasing verses buying will end up the same at the end of the day. Leasing is a great sales tactic to get people to bite on the new unit. Farmers can be the biggest suckers by falling for the lease because it gives the appearance of being cheap because of the way the lease is drawn up. They are only measuring based on a cash flow payment, not actual cost to run.

            If you buy it and take a loan its pretty much the same as a lease.

            Find the right piece of equipment to do the job. Doesn't always have to be mee

            Comment

            • newguy
              Senior Member
              • Jan 2006
              • 2145

              #16
              go buy next to new private.Get a good deal cause the guys that need that finance probably not buying that way.

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