Quote:
Originally Posted by Taipei-TT
Great post. Leasing is only available as corporate leases here, so I am not too familiar with them.
Wouldn't another downside of leasing be changes in cash flow? For instance, if you finance a car and your income changes during the finance period to a point where you can no longer afford the payments, you could sell the car. In as lease, however, you have a fixed payment until the term ends. What happens if people can no longer afford those payments? I'm assuming they recover the car and then still pursue the entire amount outstanding under the lease contract. Is that correct?
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u can sell lease contract.