Quote:
Originally posted by Webby
debbieN:
The whole concept of a lease is a rip, at least for stuff like cars...
(a) You are simply "hiring" a vehicle which you have no "ownership" of.
(b) There is a lot of crap talked about "tax benefits", which for most people, means very little or nothing.
(c) You are probably limited in annual mileage like 12K miles, otherwise penalized.
(d) When the time comes to end the lease and there has been any damage, you can end up with a sustantial bill - yet still have no ownership of the car.
Summary? Leasing is just a sales tool to load folks with whatever the "lastest model" is and get it out of the showroom :-)
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I guess this depends on where you're located and the tax system you have. For me it would be stupid to buy a car as I run my own companies and the car is leased by one of them. Everything - leasing rate, insurrance, gas, ect. - is paid by the company. Also, as we don't lease just one car we get a much bigger discount than what I would get if I bought the car personally.