I don’t know enough about Leasing to speak intelligently on it, but that has never stopped me before, ha! Seriously, what is the advantage in leasing a car?
In our nearly 60 years of driving, we have owned two new cars. Those we had saved the money and paid cash for. The rest of our vehicles have been used cars, ‘pre owned’ is the more politically correct word now. Some folks would have called them junkers, but they were paid for, and it didn’t hurt my feelings at all. I never had one of the bumper stickers that said, DON’T LAUGH, IT’S PAID FOR. At times I wanted one.
(My idea of a used car salesman, we usualy skip these guys and buy from an individual)
But back to the lease, there must be some advantage for large companies for tax purposes, to lease. Shirl’s husband Jim, was always furnished a car by his company, and at the end of a certain period, I think he purchased it at a very reasonable price. (Of course you would never know if he added another to his stable, they kept 10-15 cars, Jim was a collector, mostly Studebakers).
I can understand the larger companies using it for some kind of write off, but what advantage is it to Mr. & Mrs. Average Citizen. I am assuming leases are in every country.
Anyway, before I would ask my children to co-sign for me I would use the planned first month’s lease money to buy a $200 clunker. LOL
These musings came from reading a headline. Thanks for coming by the log.
'The trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so.' -Ronald Reagan