Re: Rising Food Costs
- From: "Nancy Young" <rjynly@xxxxxxxxxxx>
- Date: Sat, 26 Jan 2008 14:06:26 -0500
"jmcquown" <jmcquown@xxxxxxxxxxxxx> wrote
I'm quite sure there's something I don't understand and maybe someone can
explain it to me. I knew a woman and her husband who always leased their
cars. They weren't company cars. The amount of money they seemed to lay
out every couple of years seemed outrageous to me compared to just buying
them. Is there some benefit to leasing that I'm missing?
We leased a car back before leasing was something many individuals
did. At that time car loans were insisting upon 30% down. Even if
you got a cheap car, it was a few thousand dollars. Did we have it?
Yes ... except we were looking to buy a house in the next year or so,
and back then you had to put a down payment and closing costs before
you could buy a house. So for no cash down, we got a car that we
needed.
I see car leases where they want thousands down. I fail to see why
anyone would consider that. What's the point, buy a car.
It wasn't so long ago you were expected to put money down if you
bought a house. No money down! was a joke real estate scam.
Now you see all these people getting 80/20 loans, they don't even
have to pay the closing costs. Gee, can't see how that could go
wrong. Arggh.
nancy
.
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