When Rolling In Negative Equity is a Necessity

[Watchmann]

Never could understand why leasing (renting) a house is usually considered a bad idea, but leasing a car is brilliant.  A definition of a car lease is that you just pay for depreciation on the car for the term of the lease (usually 2 or 3 years), which is the period that has the largest hit on the value.  Car leasing for those that can't deduct it as a business expense is a prime example of how foolish we have become in consumer consumption.  IMVHO.

[Anonymous]

Agreed-

and I have never had GAP insurance as I have never been upside down on a car.

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Watchmann wrote:

Never could understand why leasing (renting) a house is usually considered a bad idea, but leasing a car is brilliant.  A definition of a car lease is that you just pay for depreciation on the car for the term of the lease (usually 2 or 3 years), which is the period that has the largest hit on the value.  Car leasing for those that can't deduct it as a business expense is a prime example of how foolish we have become in consumer consumption.  IMVHO.

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