GMAC To Resume Lending To Deadbeats with 620 Credit Scores.

Discussion in 'Wall St. News' started by Aaron Copland, Dec 30, 2008.

  1. Brandonf

    Brandonf Sponsor

    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.
     
    #21     Dec 30, 2008
  2. gnome

    gnome

    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.
     
    #22     Dec 30, 2008
  3. If all Mtg's were a full recourse loan, that would change the RE landscape for sure.
     
    #23     Dec 30, 2008
  4. gnome

    gnome

    Ditto. The Laws of Economics are not repealed just because you are a minority or a DemoCrap voter.
     
    #24     Dec 30, 2008
  5. tradersboredom

    tradersboredom Guest

    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.



     
    #25     Dec 30, 2008
  6. Corelio

    Corelio

    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.
     
    #26     Dec 30, 2008
  7. You are racist, aren't you?
     
    #27     Dec 30, 2008
  8. 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.
     
    #28     Dec 30, 2008
  9. indexer

    indexer

    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.
     
    #29     Dec 30, 2008