[John 070]

Originally Posted by Molly

I have found many times where you can save up to 2K leasing to buy, over just buying, on the exact same car.

That would mean that the leasing co. doesn't know how to do something, whether it's in calculating the residual value of their property, being aware of interest rates, forgetting to overcharge in bogus acquisition and paperwork fees, etc.

You don't put any money up-front, you rent a car for 3 years, and then you work it so you obtain that property for less than it would cost someone who financed it and put a considerable downpay up-front. Maybe what you say is true, maybe not. Just that it doesn't make any common sense.

[John 070]

Originally Posted by stooken

Yeah but lets say you financed your car and sold it after 37 months, you have nothing to show either. Heck, your total out of pocket for the car over those 37 months were probably way more too. The point of leasing is to change cars every 3 years or so.

Say what? You sell the car 37 mos. later, you take the selling price, subtract anything that's owed, and that's what you have as equity. But why would you sell a car after 36 mos.? A car's useful life is at least twice, if not 3X that. What's going on around here, does anybody graduate HS anymore?

[flush01]

Originally Posted by achien

Different people have different perspectives on "debt", do you consider a person having a mortgage is in debt?

mortgage is not really a debt, you can always sell your house and get $ back...

[Lassaxi]

Originally Posted by John 070

That would mean that the leasing co. doesn't know how to do something, whether it's in calculating the residual value of their property, being aware of interest rates, forgetting to overcharge in bogus acquisition and paperwork fees, etc.

You don't put any money up-front, you rent a car for 3 years, and then you work it so you obtain that property for less than it would cost someone who financed it and put a considerable downpay up-front. Maybe what you say is true, maybe not. Just that it doesn't make any common sense.

This is wrong on so many levels, I don't even know where to start.