We have a 7 yo SUV with 80k and a 17 yo truck with 150k. Now in retirement we are looking for a comfortable, reliable vehicle for road trips visiting grown children in CA, TN , and TX (we live in MN). This vehicle will be used primarily for this purpose. We are weighing the option of leasing (2 or 3 year) this vehicle for the following reasons:
1. Lower payments
2. Always having a late model/reliable vehicle
3. Minimal maintenance costs
4. Easy to live within mileage limits
5. Easy to re-lease at end of term
6. Once the vehicle is no longer needed it can just be turned in at end of lease
We had previously leased three different vehicles while putting daughters through college, and that worked well (monthly cost $250-350).
Don't recall any discussions about leasing cars on this forum. Anyone else done this? Does this sound reasonable or why not? Thanks for input
1. Lower payments
2. Always having a late model/reliable vehicle
3. Minimal maintenance costs
4. Easy to live within mileage limits
5. Easy to re-lease at end of term
6. Once the vehicle is no longer needed it can just be turned in at end of lease
We had previously leased three different vehicles while putting daughters through college, and that worked well (monthly cost $250-350).
Don't recall any discussions about leasing cars on this forum. Anyone else done this? Does this sound reasonable or why not? Thanks for input