Forum Discussion
tomman58
Aug 12, 2012Explorer
cekkk wrote:
"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.
I never considered it before and agree that leasing isn't a deal a lot of the time, BUT there are just thousands and thousands of folks get them each year. I guess if you want a new car every two years then it may be ok although some take leases far longer then that. I think to that it allows for some a chance to drive a caddy as opposed to a Chevy Cruise. LOL
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