I finally decided on leasing a 2013 Lexus RX-350. This is the first time that I have leased a vehicle, and there are some good advantages to this. There was no money down and an extra $2000 rebate on the lease option, as well as a $200 per month lower cost. Buying usually involves a 10% down payment. The only real drawback to the lease is that there is a milage limitation and penalty cost if you exceed the milage. Since I didn’t need a down payment, I decided to keep my Ford Escape and put a little money into it to spruce it up a bit. That way I have a backup vehicle and that will reduce the milage requirements on the leased vehicle. In addition, there is a multicar discount for insurance, so the cost to add the leased vehicle to my insurance is not much more than if I only had 1 vehicle. Basically the older vehicle is cheap to keep and operate, and good for short trips, or even long ones. It is still a comfortable ride, and has no major mechanical problems. The paint is in excellent condition, and soon the interior will be fixed up as well. A new set of floor mats, and not many guys would object to driving it with its Black on Black color scheme. The new RX-350 is the luxury ride while the Ford Escape is something to take on a camping trip. It’s the older Escape body style based on a truck frame and not the wimpy new design of the compact SUVS. I happen to like it, though my wife is tired of it. She wanted to sell it to a friend for $2000, and there is no way I would let that happen. When it is cleaned up a little, it is easily worth 5 grand or more with all of the power options and the sun roof. It should be good for at least another 2 years or 20,000 miles before I expect any costly repairs. I recently had it taken to Midas, they test drove it, checked the cooling system, and couldn’t find any problems. It does have a problem with false alarms from a faulty door lock switch, but that can be taken care of easily. While my wife has lately been cutting down Ford, I have owned 5 Fords in the past, and I happen to like them. It may be true that they need a lot of care and maitainance at times, they have good power trains and I have gotten well over 150,000 miles on all of the Fords that I owned. I have also owned 2 Mazdas and Ford owns Mazda. Those were also good reliable transportation and Ford is the only American car company that hasn’t had to have the government bail them out.
Posted on: Fri, 16 Aug 2013 02:42:06 +0000
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