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True, I'm just saying that in terms of fixed monthly payments renting may not make a huge difference compared to buying on credit. More than half of all used ca
by fauigerzigerk 9y ago
True, I'm just saying that in terms of fixed monthly payments renting may not make a huge difference compared to buying on credit. More than half of all used cars in the US are bought using some sort of financing as well.
But I do agree that there are important differences.
- mantas 9y agoThe main difference is wether you keep the item or return it. If it was purely service and everybody turned in their cars, there wouldn't be used market as we know it. Either those cars would be recycled or rented out for lower price again.
- xorcist 9y agoI am convinced that is where we are heading. It's just that the market moves slowly. Cars are already chipped up, all we need to do is put keys in there, call it a protection mechanism and it can be made illegal to both re-sell and service the equipment without the proper license. This process can then be repeated for dishwashers and other capital intensive equipment.
- mantas 9y agoIf you look from that perspective, it can be applied to anything. Shoes can be chipped up easily too. Market may be trying to move in that direction, but there's plenty of force against it. Like recent right-to-repair laws. Or people ditching subscription-only software for worse, but paid-once alternatives.