Originally Posted by 03f5sp
Just buy a truck. Instead of paying every month to rent the truck, why not spend that money to make payments and buy it? When your lease is up, you have nothing to show for it. Once the truck is paid off, you own a truck. I never did understand why people lease vehicles.
Not true. Your residual value should be a reflection of the money you saved..
If you do not plan on modding your truck, and you just keep it stock, leasing is a great option. Tacoma's residualize better than almost any other car or truck out there. With tier1+ credit, leases in the month of december have a very low money factor (equal to 1.9% APR). Not sure what region you are in but a 36 month lease is usually more cost effective than 39 or 42.
Think of leasing as another way to buy a car. at the end of 3 years, you just have options. Pull the equity out if there is any (and on tacoma's there usually is), Turn the keys into Toyota and walk away, or refi the remaning and own it.
Unless you can get 0% financing...leasing is a more economical route even if you choose to buy the truck.
I sign up hundreds of leases a year, PM if you have any questions.