Ram 1500 Lease vs Buy

ukrman

I'm considering getting a new Ram 1500. Going for a test drive today to figure out exactly what trim and options I want (between Rebel and Laramie). Just from doing online research, it seems that the desirable options would bring me to around $60K MSRP.

So my questions, with all of the end of the year incentives, is it better to buy or lease and also is it worth going for the left over 2019, or go for the 2020?

Thanks for the input

kyfdx

ukrman said:

I'm considering getting a new Ram 1500. Going for a test drive today to figure out exactly what trim and options I want (between Rebel and Laramie). Just from doing online research, it seems that the desirable options would bring me to around $60K MSRP.

So my questions, with all of the end of the year incentives, is it better to buy or lease and also is it worth going for the left over 2019, or go for the 2020?

Thanks for the input

We've seen decent lease deals on the 2019 model. Not so much on the 2020.

Lease vs. buy depends a lot on how long you keep your vehicles, and how many miles/year you drive.

ukrman

Probably drive about 8-10K miles / year. Never owned a truck before, so not sure how long i'd keep it but generally keep cars around 5 -7 years, but have also leased in the past and liked it as well.

Michaell

ukrman said:

Probably drive about 8-10K miles / year. Never owned a truck before, so not sure how long i'd keep it but generally keep cars around 5 -7 years, but have also leased in the past and liked it as well.

Right now, there are some pretty big purchase incentives available.

But, you'd have to run the numbers both ways to see which works better for you.

kyfdx

ukrman said:

Probably drive about 8-10K miles / year. Never owned a truck before, so not sure how long i'd keep it but generally keep cars around 5 -7 years, but have also leased in the past and liked it as well.

If those were my requirements, I would buy, not lease.