Reply to Am I a sucker for leasing all of our family cars?

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Reply to "Am I a sucker for leasing all of our family cars?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]8:31 PP claiming the dealership “owns” the lease has no idea what they’re talking about. In a lease, the dealership (Koons Toyota) sells the car to Toyota Financial Services and you pay TFS every month for 36 months with the option to buy it out for the residual value at the end of the lease. You sign a buyer’s order with the dealership to buy the car from them and then the lease contract with the carmaker’s bank. The dealership gets a sale whether you buy it or lease it. [/quote]

And this is relevant because????

You people are strangely obsessed with ownership and don't seem to get that some of us make enough money to afford to lease a new car every three years and who have no desire to drive around in a 12 year old Honda. No matter how cheap the insurance is.[/quote]

That's a totally different argument than the economics of owning vs leasing. Newer things cost more...NSS. I don't recall anyone arguing that fact. But good on you for trying to change the subject when the financial argument failed. Also, you are clearly a financial genius; I recall Warren Buffet's sage advice that you should buy all new shiny things what if you can afford it because that's how you build long term wealth.[/quote]

You tried to change the subject. No one mentioned 12 year old cars before you did. [/quote]

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