RE: Leasing

RE: Leasing

Posted by Garg0yle (A) on August 3, 2015 at 21:02:52

In Reply to: RE: Leasing posted by AbeCollins on August 3, 2015 at 19:22:33:

The company leasing out the product determines the residual.

Essentially with leasing, you are paying for depreciation without being committed to the full purchase price of the item.

Taxes and interest are are only applied to the lease, not based on the full purchase price. This yields a bit of savings.

Leasing has it's place for, example a commuter who wants a new vehicle every couple of years and just wants to upgrade the vehicle easily.
Somebody who finances the whole car is usually negative equity at that point in time and finds it difficult to trade in.

Technically a lease is a little safer, if the market for the item is worth less then the residual at the end of term, you just hand it in. If it is worth more, you have the potential to profit off the residual.

That being said, I too avoid using credit. Material things are much more enjoyable when you own them.
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Follow Ups Full Thread

Topic - Leasing - slapshot 13:38:59 08/03/15 (20)

Buyer's Club - BigguyinATL 11:36:27 08/05/15 (0)

For more experimentation without breaking the bank I've found Reelsmith's... - musetap 08:45:38 08/04/15 (0)

I like the idea of "renting" a high end audio dealer's room after hours - Green Lantern 07:39:35 08/04/15 (0)

A couple of points - jec01 07:07:59 08/04/15 (3)

RE: A couple of points - Mick Wolfe 12:32:56 08/04/15 (1)

RE: A couple of points - Mick Wolfe 16:09:40 08/05/15 (0)

RE: A couple of points - TWB2 07:13:36 08/04/15 (0)

RE: Leasing - acres verde 07:07:45 08/04/15 (0)

I think the biggest factor why car leasing has worked for so long - Green Lantern 06:46:17 08/04/15 (1)

RE: I think the biggest factor why car leasing has worked for so long - acres verde 10:43:39 08/06/15 (0)

Why bother with leasing? Just become a reviewer. nt. - R Browne 23:28:08 08/03/15 (0)

You can lease virtually anything ... - three_sox 23:23:47 08/03/15 (0)

A great concept for the lesee - dirtyvinyl 21:02:45 08/03/15 (0)

RE: Leasing - AbeCollins 19:22:33 08/03/15 (2)

RE: Leasing - Garg0yle 21:02:52 08/03/15 (0)

Renting - slapshot 20:44:42 08/03/15 (0)

IMO way too small a market for leasing to be viable. nt - Smelly_Socks 19:02:20 08/03/15 (1)

True... - slapshot 20:44:11 08/03/15 (0)

RE: Leasing - fantja 17:31:01 08/03/15 (0)

RE: Leasing - ahendler 17:12:06 08/03/15 (0)

Follow Ups

RE: Leasing - Garg0yle 21:02:52 08/03/15 (0)

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