Quote:
Originally Posted by HyperMOA
You pay for it but you never own anything on that vehicle. You essentially rent it. My buddies know this and they don't treat it worth a damn. However their other equipment they baby. The one buddy of mine maintains his motorcycle to a level that would make any dealer green with envy. One of them is exactly as you stated but not all of them.
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That's no different than a loan, until that car is paid off, you are renting it. But instead of a renting a portion of the car, with a loan you are renting the whole car.
Everybody's different, I maintain all my vehicles properly no matter if it's paid for or not. You're only hurting yourself in the end. All of my leases, I have bought out, and sold at FMV and came away with a good chunk of change. Whoever just turns in a lease, clearly doesn't understand how to work the system, or they just enjoy throwing away money.