What is so bad about leasing a car? If I was to answer this question, I would say, “Nothing. If one prefers to lease as compared to outrightly purchase, that’s totally one’s prerogative.”
I was totally appalled about the behavior of an acquaintance of mine. I say acquaintance, because this person is not really a friend. I get phone calls every once in a while from this person, of which most calls are mostly “brag calls”. This person calls me whenever there’s something good going on or there’s a new acquisition. It doesn’t matter that, I won’t even bother to call or return a call. This person just keeps calling me to brag.
Today was one of those days, and this time the information was, this person just “purchased” a new car, a BMW. This person changes cars EVERY THREE YEARS and makes people believe those are all outrightly purchased, not leased. Who is this person fooling? Only a person that’s rolling in dough would outrightly purchase cars every three years. It just irked me, that this person thinks we don’t know any better. We’re not fools!!! And yeah, who would even regard a three year old car as OLD thus, you need to buy a new one? Again, only filthy rich people would think that way, and wouldn’t even mind the loss because it was outrightly purchased anyway. This is the person’s reason. What this person should say is that, the car has to be returned, because the lease is up, therefore lease a new one.
Some business owners that are incorporated, and not 100% sole proprietorship prefers to lease. Why? Because if the car is primarily used as a “sales equipment”, this can be claimed come tax season. Apart from that, of course the business pays for the car payments.
If I however, owned a business, sole proprietorship, I would buy the car outright and not lease. Why? Because this is a more practical approach. I get to drive my paid up car for as long as it’s feasible, and there’s no more lease payments. Take Procter & Gamble(where I used to work) for example. They didn’t lease those cars driven by their managers. The company bought them outright. After a few years, the car would have depreciated and the business generated outweighs the purchase cost, instead of endless leasing.
Well, why am I even writing about business owners. I don’t even own one *lol*. Seriously, this person has got a big problem. I don’t know why and what’s to be embarassed about admitting the cars are just leased. The cars are not stolen, the lease payments are being paid, and totally it’s the person’s business. To come out to people, telling a lie to impress and brag, is total bull. What a laughing stock this person is! So pathetic. Nobody believes this lie, only idiots would bite into this.