Quote:
Originally Posted by dewilson58
These are cut & paste statements.
Facts: You "buy" the entire car with a lease (as with a purchase). Part of the lease financing costs are behind the scenes, not disclosed and is carried by the lessor.....but still paid by the lessee.
|
Incorrect.
"You" do not buy the whole car, the Leasing company does.
Sort of misleading.
".... but still paid by the Lessee". The Lessee re-pays the interest (as part of his payment) for the entire car, but does not amortize the entire car.
You must have found those quotes on "Leasing for Dummies" or one of those sites that doesn't want to confuse people with too many details.