lease or buy

Discussion in 'Lawn Mowing' started by Evan528, May 28, 2000.

  1. Evan528

    Evan528 LawnSite Silver Member
    Posts: 2,144

    well i have narrowed it down to what truck i will be getting. Ive decided on a 2001 gmc sierra 2500 ext cab fully loaded 6ft bed. I will be getting it for about 30,000 bucks. i cant decide whether i should lease or buy. i want to lease because i could put alot less down ($3,000 instead of $15,000) and have alot lower payments. at the same time i feel like if i lease it the truck wouldnt be mine. it wont get beat up because all my equipment will be going in the trailer so im not worried about damage. Even if i were to buy it i dont think i would keep it for more than 3-4 years because i dont feel like dealing with mechanical difficulty. The dealer will not be able to start turing in orders to GMC till end of June probly and i wont have it till october. You guys might think im crazy for spending so much for a new truck ut i figure i work so dam hard for my money.... for once im gonna spoil my self! what do you think i should do?
     
  2. evan asked:<p>&gt;what do you think i should do? <br> <br>I think you should buy a good used full size <br>reg cab 8 ft box GM p/u for under $5000 that was<br>lovingly maintained and was only used to go fishing by some old retired guy.<br>
     
  3. Guido

    Guido LawnSite Silver Member
    Posts: 2,085

    I agree about getting a well maintained used truck. I have a feeling from your post though that this will also be a vehicle for personal use. If thats the case I can understand why you want to buy new. I see some incredible deals out there on 2-5 year old trucks in great shape, so don't let the shiney new paint get you too excited!! Good Luck with whatever you decide though!!<p>----------<br>&quot;guido&quot;<br>David M. Famiglietti
     
  4. thelawnguy

    thelawnguy LawnSite Silver Member
    Posts: 2,412

    I will concur with the rest, that new truck will remain so for a day, then join the ranks of the scratch and dent specials after the first week of work use.<p>Been there. Not likely again.<p>Bill
     
  5. DMC300

    DMC300 LawnSite Senior Member
    Posts: 325

    The question is will you be able to stay within the mileage limits of the lease.If not you will be paying an outrageous penalty.<br>I saved over $5000 when i bought my 99'chevy used with 3000 miles on it.you can also check the background of the used truck by using the vin# on the net.Hope this helps.<p>----------<br>DON<br>LIANNES' MOWING<br><p><font size="1">Edited by: DMC300
     
  6. Charles

    Charles Moderator Staff Member
    Posts: 7,952

    I agree, try and find you a nice used deisel truck. Lot of them out there for under 15,000$. But if you choose a 30000$. i would go with a lease if you can stay within the milleage quota if the penaltys are high. Something may happen to where you ccan't make the high payment. Would be nice to know the end is near in a lease
     
  7. trimmasters

    trimmasters LawnSite Senior Member
    Posts: 262

    I got a 99' 3/4 ton 4x4 with 12,000 miles for under 20 thosand with the idea it was going to be my personal vehicle. We dont put tools in them much ether but the cab will still get filled with grass, dirt, mulch ect.<br>I cant imagine what this would do to a plush, fully loaded cab! Get a god used truck , Chemlanw sold 93 f250's with 90 some thosand miles for $1,200 And They look vary nice on the outside to. if I had know there would be three of them in my driveway now!
     
  8. columbiaplower

    columbiaplower LawnSite Senior Member
    Posts: 462

  9. Kevin

    Kevin LawnSite Member
    from S.E. PA
    Posts: 169

    Ask your accountant. The deductions may sway your decision.
     
  10. bdemir

    bdemir LawnSite Senior Member
    Posts: 610

    I like buying new because you will have no problems for a few years and that alone is worth the extra payments but buying used is always cheaper. I would have 2 good mechanincs look at the truck if your buying used and take your time looking around if you do buy used. I think new is the best way to go if your going to use the hell out of it why not put all the miles on your self and take care of it yourself (high octane gas, Oil changes every3k) i would say buy new dont lease (chevys last forever)or 95 and up nothing older. Good luck.
     

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