I am currently leasing a 2015 RAM 1500 Laramie Sport, fully loaded except push button start and front and rear sensors. I picked up the truck with 200 miles on it in August 2015, signed the paper work for a three year less with 12,000 miles per year.
Today the truck has 22,000 trouble free miles and I have the opportunity to buy out the lease for $31,624 plus tax and tag. Which seems like a very reasonable price. At the end of the lease, in August 2018 the residual value of the truck is around $28,*** (I forget the exact amount). My goal as of the past few months is to eventually not have a truck payment, which obviously would never happen while leasing.
After doing a bit of research I could not find a comparable truck for anywhere near $31,624. Would you buy out the lease at that price?