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Not the OP but "If you can’t buy it, don’t!" might mean not owning/renting it. Either buy it or don't even think about it.
by yarky 5y ago
Not the OP but "If you can’t buy it, don’t!" might mean not owning/renting it. Either buy it or don't even think about it.
- mulmen 5y agoWhy though? What if renting makes more sense for my use case? Why not leave the dealer/bank on the hook for the depreciation and maintenance?
- kuratkull 5y agoThe dealer/bank are running a profitable business. They are not on the hook for anything, you are paying for it all.
- mulmen 5y agoWhen I lease a new car repairs happen under the warranty. The manufacturer is “on the hook” for fixing the car. Not necessarily because it is leased but because it is under warranty. Leases are a way to always have a car that is under warranty. You are replying to a counter argument to the claim that leases are always a bad idea.
- lolinder 5y agoThe article this thread is on is a strong counterexample to your assertion. You may very well end up on the hook for a repair that isn't covered by the warranty.
- ljm 5y agoThey're on the hook for the finance, if you're leasing. If you're talking about a short-term rental to pootle around in for a while: they're on the hook for the car itself, because that's now a car they can't rent to someone else. If they weren't on the hook for anything, there wouldn't be much of a business.
- kube-system 5y agoIf it makes sense for you, do it. The question isn't who pays the depreciation or maintenance (this is explicitly factored into leases) -- the question is, who can predict it more accurately?
- mulmen 5y agoThe question is how much utility I get per dollar.
- lelanthran 5y ago> Why though? What if renting makes more sense for my use case? Why not leave the dealer/bank on the hook for the depreciation and maintenance? They aren't on the hook for anything - those costs are billed to you in the standard lease so you're paying the cost of the vehicle, plus the cost of the expected maintenance, plus a profit for the bank. Trust me, no bank is leasing assets at a loss.
- mulmen 5y agoExpected repairs and actual repairs are very different. The expected repairs are exactly that, expected. I know what they are up front. There’s value in that predictability.
- deleted 5y ago[deleted]