- First Name
- Michael
- Joined
- Aug 1, 2023
- Threads
- 7
- Messages
- 115
- Reaction score
- 134
- Location
- Davidson NC
- Vehicle(s)
- 2023 Maverick Lariat Hybrid
- Engine
- 2.5L Hybrid
We have three cars in the family. We always lease. Nearly every 12-18 months a lease is up for renewal. We lease a new car, more points.How does your FordPass app keep accumulating points unless you are buying stuff or paying for services?
On the last three cars we leased, we’ve made money— in one case $10,000–by purchasing the car at the end of the lease and immediately selling it.
Many people don’t like to lease cars, but we subscribe to the philosophy that you lease assets that depreciate and you purchase assets that appreciate. Automobiles always depreciate, so we always lease them. We never pay for service because the car never needs service during the lease. Other than routine oil changes. Unfortunately, while waiting for my Maverick, which was a 13 month ordeal, I had to have five lease extensions from Ford motor credit on my 2019 Ford Flex. During that time, I had to change the tires because they would’ve never passed inspection upon turn-in… and I don’t like driving on bad tires. I have yet to get an oil change in my Maverick but it has just turned 6000 miles.
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