My husband's truck lease is up next September - we leased because it was easier with the payments. He is going to be over the mileage, but he loves the truck, so we will purchase it. I got a card from our credit union on auto loans, so I pulled out the lease to check the residual price. I then looked at the price for used vehicles same make/model. Current used prices are not too far off the original price of the truck. We will luck out in that regard.
My nephew got into an accident over the summer. Head-on collision. Luckily no one was hurt (blind curve on a narrow street). Air bags were not deployed, so he was not going that fast. Still, it was $10K in damages and over a month to fix because of the issue with parts.
My husband's truck lease is up next September - we leased because it was easier with the payments. He is going to be over the mileage, but he loves the truck, so we will purchase it. I got a card from our credit union on auto loans, so I pulled out the lease to check the residual price. I then looked at the price for used vehicles same make/model. Current used prices are not too far off the original price of the truck. We will luck out in that regard.
My nephew got into an accident over the summer. Head-on collision. Luckily no one was hurt (blind curve on a narrow street). Air bags were not deployed, so he was not going that fast. Still, it was $10K in damages and over a month to fix because of the issue with parts.