Plug in whatever percentage of equity you want, when you own and sell your Wrangler. Now, you keep implying there is equity in a leased vehicle??? I call Bullsh#t on that. At the end of your leases, ask them to cut you a check for the "Equity" you have built up. See how fast they laugh at that request.Ok Dave Ramsey, did you even read my post? You're basing your analysis on an uniformed oversimplified version of how leasing works.
As I stated above, you DO NOT abandon equity with a lease, that's one fatal flaw in your analysis. That, and your 21 year old wrangler will not be worth 80% of it's original value.
You may want to do some research before preaching to any more "millennials".
I think you are confusing "NonRefundable Credit" with true "Equity". I
the Credit on a lease is how they sucker the financially inept into a leasing trap. Like I mentioned, leases are great, for businesses, who are able to write them off.
BTW, I've never read, or subscribed to "Dave Ramsey". I just use common sense, passed on to me, by my Grandparents, Parents, Aunts and Uncles, who are all very successful, finantially. They started with nothing, and ended up with millions, almost every one of them.
Isn't only the millennials, who need financial lecturing, but those of all ages. Unfortunately, many cannot grasp basic rules of being fiscally resposible, and reason their way into irresistible financial decisions. "I want it now", and "I want what the neighbor has", mentality.