Dodge Cummins Diesel Forum - View Single Post - Pros and Cons of Leasing a Car
View Single Post
post #11 of (permalink) Old 08-13-2019, 04:32 PM
Diesel Head
Join Date: Apr 2013
Location: Exeter RI
Posts: 3,084
Thanks: 330
Thanked 493 Times in 406 Posts
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.
Jhenderson is offline  
For the best viewing experience please update your browser to Google Chrome