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Prices Paid: Buying & Leasing Experiences Honda Ridgeline Lease Questions
353 messages, Last post on Aug 25, 2009 at 3:15 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: hkings (Jun 05, 2008 7:08 am) that sounds like a pretty good deal to me. did that quote take much effort to get? Did you have to meet in person or get it through the internet? |
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Replying to: aspesisteve (Jun 05, 2008 12:21 pm) My dilemma is this, I own a 2005 Nissan Frontier LE Loaded 4x4 with 60K miles on it. I actually love the truck, but just not thrilled with Nissan in general. Was looking to moving into more refined and safer Ridgeline. Plus I like Honda better in general. Just not sure if it's worth leasing or not. I owe about $9500 on my truck, (plus $11K in other credit card debts) but I can sell it for close to $22K or $23K. Just wondering if I should get out now, pay all of my debts, and just lease for 3 years and hopefully wait for more fuel effiecnt trucks to hit the market. My feeling is gas will only get worse, and value of my truck will take even bigger hits as the years go by. Other thing I was debating was just to buy a used Ridgeline for 15-18K. Anya nd all info is truly appreciated! Any thoughts? |
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Replying to: hkings (Jun 05, 2008 12:32 pm)
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Replying to: namakan59 (Jun 06, 2008 5:01 am) I have someone all lined up willing to pay $22K for my 05 Frontier now, and he REALLY wants it bad... could get $23K maybe. I made a lot of custom mods to it, so thats why... put almost $5000 extra into truck over the past 4 years. What should I do? |
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Replying to: hkings (Jun 05, 2008 12:32 pm) if you can flip the Nissan, move into that lease plan on the Ridgeline and erase your credit card debt, which I would guess is at some crazy high interest rate then I would advise you to do it. Another reason I like the lease plan is because of gas prices. These trucks with their current EPA rated gas milege are becoming dinasours. As much as I love the Ridgeline, the gas milege is nothing to brag about. As soon as a truck comes out with a better system (hybrid?), your truck becomes harder to sell. The lease takes the worry out of resale.
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Replying to: aspesisteve (Jun 06, 2008 7:36 am)
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hkings, I'm on the fence here with lease vs. buy. It's a topic that has been long discussed on these boards. It depends alot on the idividual. The biggest factor that would sway me to lease is how quickly do I anticipate turning over the vehicle assuming the lease is as competitive as the buy price. If you think you might have that car for a "long" time (at least 5 years), then buying might be the way to go. Some would say: buy the house - it appreciates most of the time; lease the vehicle because it only depreciates. it's a debatable topic that can go on forever. |
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Replying to: namakan59 (Jun 06, 2008 5:01 am) Thanks Victor |
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Replying to: hkings (Jun 06, 2008 8:07 am) I forgot to say. The wisest thing would be to stay with the truck you have and pay off your debt. If you're half way into an amortized loan and you bail on it, you've just paid off most of the interest and very little principle. You're building equity in your truck now at a much faster rate than with the first half of your loan.
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Replying to: aspesisteve (Jun 06, 2008 8:33 am) But, if you can get $22K for an '05 Nissan Frontier, you should grab it...  Paying off your loan and your credit cards would be a great thing.. However, I would hold off on leasing that Ridgeline, until you are positive that the Nissan is gone.. regards, kyfdx
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