Forum Discussion
cekkk
Aug 12, 2012Explorer
"You are missing the concept of a lease! I will owe nothing and own nothing at the end of the lease!"
Respectfully, lease ads are aimed at you, if that quote accurately reflects your understanding of a lease. The leases are a sweet deal for the dealers on both ends. Little or no challenge to their desired initial price, and no challenge to their revaluation at termination.
Don't take my word for it. Ask your tax accountant. You may be among the "1%" for whom a lease makes sense. For example, you need a fleet for your business, or you only need one or two cars, but your business makes so much money for you that, along with other considerations, the loss is recovered at tax time.
But for the average working guy, I've never seen a case made for leasing a single vehicle to commute to a job.
Respectfully, lease ads are aimed at you, if that quote accurately reflects your understanding of a lease. The leases are a sweet deal for the dealers on both ends. Little or no challenge to their desired initial price, and no challenge to their revaluation at termination.
Don't take my word for it. Ask your tax accountant. You may be among the "1%" for whom a lease makes sense. For example, you need a fleet for your business, or you only need one or two cars, but your business makes so much money for you that, along with other considerations, the loss is recovered at tax time.
But for the average working guy, I've never seen a case made for leasing a single vehicle to commute to a job.
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