Quote:
Originally Posted by Forzanerazzurri
Obviously not because I don't rent my shit
|
You just take out a loan, so the bank owns your car until you pay it off
And you obviously don’t own your own business either. My business pays my lease. I put low km on it, so at the end of the lease I always have equity. So I get to drive a car for free, and make money every time I trade it in or get a new one.
You associate leasing with affordability. You shouldn’t do that. I could buy a car any time I want to. I choose not to. My money gets put to better use. Even if someone buys a car, it’s costing them 6 to 7% easy these days to buy it. So on a 100k car, you’re losing 6 to 7k in earnings per year I can get. And if you’re borrowing the money it’s even more. More like 12 to 14k a year it’s costing you. Because you’re paying the bank. It’s a depreciating asset no matter how you look at it. Just drive it , and enjoy it.