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Obvisously no...but if the only way to use an iphone is to rent it from Apple then yes that is bad. I have no actual data but I'd be willing to bet a lot of ac
by saveferris 5y ago
Obvisously no...but if the only way to use an iphone is to rent it from Apple then yes that is bad.
I have no actual data but I'd be willing to bet a lot of actual money that of the universe of people (not businesses) that lease cars the majority are making bad financial decisions. Of course, this depends on your definition of bad.
- jqpabc123 5y agoLots of businesses prefer to lease instead of buy because it simplifies the accounting --- even though they know it costs more. A lease is a straightforward business expense that the tax authorities find really hard to question. But using autos as an example, purchasing instead of leasing can open up a can of worms that can take years to get resolved. You paid too much when you bought from your cousin's auto dealership. Your depreciation method wasn't valid. Your liquidation price was too low when you sold the old used vehicles back to your cousin's dealership. Lots of potential questions that can consume lots of time and money to get resolved.
- HWR_14 5y agoI know one person who I recommended leasing to. They wanted to upgrade their car every 2 years. I think that's a bad financial decision, but you may as well lease then.