Quote:
Originally Posted by JB_AOL
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.
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Just like your house every mortgage payment you own one more stud in your house. With a car payment you own one more bolt with each payment. After 3 years of leasing you still own nothing but you have the option to own.
My friends lease their vehicle for work and write-off the expense and that is the only reason they lease. They hand them back and take a new lease at every lease termination.
I am a mechanic, you do not even remotely have to lecture me on maintenance. I am a huge advocate of proper maintenance and proactive repairs. All I am stating is that leased vehicles I avoid. Would I buy yours? Certainly, but yours don't come up for buy-back do they? Now do my friends vehicles come up for buy-back? Yes, yes they do.
Not arguing about maintenance, just stating that I have never met someone who intentionally neglects a vehicle they own, however I know a few guys that intentionally neglect their "rented mules".