I know this is an unprecedented market and nobody knows what the future holds. I’m not looking for answers…just interested in hearing people’s opinions and any advice you can offer.
We are currently leasing two cars, which we got great deals on thanks to this forum. Both leases expire late summer of next year.
Circumstances have changed and we have found ourselves in need of a truck for hauling trailers, etc. The entire market is crazy, but it seems like the truck market might be the most insane. I’m not sure what the best course of action is here, and it’s keeping me up at night.
To me, I have the following options:
- Try to find a lease deal - my research shows there aren’t any deals and even if there is…there’s no inventory.
- Try to find a used truck - used market is equally insane…Have to spend at least 40k to get something decent and dealers aren’t negotiating
- Swap-a-lease - I’ve been browsing trucks and the monthly payments some people pay should be illegal…
- Try to hold out as long as possible and hope the market over-corrects - problem with this is you have no idea how long I’ll be waiting
Any advice here? Are there actually deals to be had, and I just need to put in the work? I’ve looked and we could get close to $10k over our lease buyout on either of our vehicles so that would definitely help. Ideally we would keep both and have the truck as our third.