Originally Posted by
Logical Heritic
Last time I looked only a shade more than 1 in 10 vehicles is leased.
Off lease vehicles just got worth a whole lot less. Ask ford about their 2 billion dollar write down on the value of their off lease vehicles. If chrysler can save a billion dollars on depreciation I think it might be a wise idea.
I dont know if youve ran a business but some things are just a bad idea financially. If a vehicle is worth less after the lease than you got paid during you have lost money. It is foolish to continue losing money unless there is some very important reason to do so. Such as, toyota prius's are probably sold as a loss but they make toyota look green so its ok to lose a little money on 150k units if it increases overall sales on their other cars.
Somebody has to explain why leasing a vehicle for a business is so good. If I buy a vehicle outright for my business I can still write it off and set it up for depreciation like any other business asset. Then I can sell it once its paid for if I want.
Leases always seemed like a rip off to me anyway. Maybe if your car dumb and want to drive new vehicles all the time its good. But for me its a rip off.