Its not a bad deal for someone who wants a
vortex because of the 17 payments I have all ready made where mostly interest. If someone took it over they would be making more payment to the principal,and would get way further ahead then I.
Completely false!
You put down 6500.00
You have a buy out of 8600.00
No matter how you slice it you have 55 payments left. 85,000
And you have made $26000 in payment.
When you handed over the down payment check and signed onto the lease you agreed on to paying a min of 118,800 with down payment and 72 monthly payment. Then turning the rig in at the end of 72 month or paying another 8600 to keep it.
Lease payments are not like loan payments.
Most do not offer early pay off options. Sure you can pay them off early, but the way I figure your buyout right now and to keep it would be about $94000.00
55 payments of $1547 and a end of lease buy out option of $8600
So right now you owe about $8000 more on it than you paid for it.
WOW, now I remember why I don't lease things.
Not only that but you have 31,000 miles on it after 15 months?
At the end of the lease you'll have at least 150,000 miles on it, and well over 5000 hours.
Otherwise a very nice rig, I wish you the best of luck going forward!
Check out some insulation options, and heating options.