Dodge Cummins Diesel Forum - View Single Post - Pros and Cons of Leasing a Car
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post #11 of (permalink) Old 08-13-2019, 04:32 PM
Jhenderson
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Quote:
Originally Posted by Broaner View Post
Obviously leasing and racking up the miles is terrible. If you can't buy out or choose not to you get absolutely ripped. This is why we keep miles in check on the lease even though we plan to buy out. If life happens and we can't buy out we lose nothing.




Amortization and/or depreciation schedule. Look it up some time.

We finance our equipment at work for 7-15 years depending if it ranges from $100k to $2mil. If its more expensive than that allows then we lease. Same same... Time is not a negative factor.

Donít flatter yourself. Iíve been financing equipment for the last 35+ years. If you really understood the situation you wouldnít finance 5 year property for more than 4 years. Financing long term equipment is far different than long term financing on a short term investment.
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