Introduction to Leasing
By now, everyone is familiar with the concept of leasing. But did you know that over one half of the vehicles on the road today are being leased rather than owned by their primary drivers? This should come as no surprise. With the average new car price bounding past $20,000, most people have become more comfortable with the idea of not actually owning the vehicle on which they are making payments. After all, some new car loans extend beyond five years and the bank holds title for that entire time. This issue will look at leasing of automobiles and other business assets and explain some of the issues and terminology that pertain to this important area of commerce.
Take this Simple Test and Discover If Youre A Candidate for Leasing
Complete the following phrases...
7) when shopping for a car..
8) my car will be used....
Scoring Your Answers:
Award yourself one point for each a) that you chose, zero points for each b) that you selected and subtract one point from your total for each c) that pertains to you. If you score 5 or more, leasing appears to be a worthwhile option for you to consider. . .if you score between -4 and 4 you would probably be happy with either buying or leasing your next vehicle, but you should go over your answers and see which factors are the most important to you.. .and if you score -5 or lower, then purchasing your next vehicle is probably the best route for you.
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