GMAC To Resume Lending To Deadbeats with 620 Credit Scores.

Quote from tradersboredom:

car leasing is a huge portion of the car business.

only fools would pay cash for a depreciating asset like a car.
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See my own thinking on that is only a fool would lease a car and be forced into getting a new one every 3 or 4 years. I think that the best thing to do is to buy one and drive the damn thing till the wheels fall off.
 
Quote from Brandonf:

See my own thinking on that is only a fool would lease a car and be forced into getting a new one every 3 or 4 years. I think that the best thing to do is to buy one and drive the damn thing till the wheels fall off.
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Actually a "cheap lease" is about the same as buying... and if you can write off the lease payment, that's definitely the way to go.

The BEST use of money when it comes to cars is to buy a perceived reliable one which is 3 years old and drive until the wheels fall off.
 
Quote from tradersboredom:

problem with the entire banking sector is that they lent money to sub prime assets that didnt' have any assets.

with car loans the car is the collateral.

all those sub prime loans were so leveraged there was no assets to back up loans in case of loan default.
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If all Mtg's were a full recourse loan, that would change the RE landscape for sure.
 
Quote from IanMacQuaide:

If all Mtg's were a full recourse loan, that would change the RE landscape for sure.
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Ditto. The Laws of Economics are not repealed just because you are a minority or a DemoCrap voter.
 
most businesses lease office and lease cars.

even individuals private don't pay full cash for a car. maybe 25% downpayment.

it's better to lease if you have a business.



Quote from Brandonf:

See my own thinking on that is only a fool would lease a car and be forced into getting a new one every 3 or 4 years. I think that the best thing to do is to buy one and drive the damn thing till the wheels fall off.
More...
 
Quote from Brandonf:

See my own thinking on that is only a fool would lease a car and be forced into getting a new one every 3 or 4 years. I think that the best thing to do is to buy one and drive the damn thing till the wheels fall off.
More...

I suggest you learn a bit as to how leased assets are accounted in the balance sheet versus straight out owned assets. The difference is similar to day and night.
 
Quote from Brandonf:

See my own thinking on that is only a fool would lease a car and be forced into getting a new one every 3 or 4 years. I think that the best thing to do is to buy one and drive the damn thing till the wheels fall off.
More...
actually people who leased came out way ahead of those who bought in the last few years. dealers were offering leases with very high residual values that were way more than the actual value now. owners got hurt because of the collapse in used car values.
 
Best thing to do is to buy a good quality car, take care of it and keep it for 10 years or more. It is great not to have a car or lease payment.
 
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