Comments by "Ricardo Cabeza" (@ricardocabeza6006) on "Caller ATTACKS ME for leasing cars" video.

  1. But you didn't keep your money... You gave it to an auto dealer, then gave them back the car.
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  2.  @jeffshadow2407  Just like purchases... on a line of credit.
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  3. Imagine having a degree in economics and thinking leasing a car is the financially intelligent thing to do.
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  4.  @williamstefens  In no version of reality is leasing a car the most financially feasible option. If it were, every poor person would be driving a brand new car.
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  5.  @MrCanucklehead75  Renting a car is not the same as leasing.
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  6. He has a degree in economics and thinks leasing is financially intelligent. That says everything you need to know.
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  7. Can you cite a robust business school that says leasing a car is the financially intelligent thing to do?
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  8.  @TheJasonBorn  Ok... so cite them.
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  9.  @TheJasonBorn  You can name business schools, that's neat... so did you want to actually cite one of them?
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  10.  @TheJasonBorn  So you are incapable of actually substantiating your claim, and proving it true. You want to make claims and refuse to provide facts to support your claims. And instead of provide evidence to support your statement, you insist other people should have to go find evidence to prove you are correct.
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  11. Without depreciation risk...? Someone leasing a new car is literally taking on that depreciation risk for the auto dealer. You pay them the equivalent of a car payment each month, then give them back the car to sell after it's depreciated. Yes, they have to sell the car at a lower rate, but you're lease makes up the difference and more... That's how they profit. Leasing a car is profitable for the auto dealer, that's why they are willing to do it.
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  12. So it makes sense for you to give an auto dealer money, then give them back the vehicle? Can you pay me for my car, then give me the car back? That sounds like a great deal!
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  13.  @jeffshadow2407  Oh, I'm so sorry... You gave your money to a bank. That radically changes everything... oh wait, GMAC is the financial division of a brand of auto dealerships. Fact is, car leases exist because they make auto dealers and financial institutions money. They do not exist for you to save money.
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  14.  @jeffshadow2407  Actually, I did just purchase a replacement to my 20 year old vehicle last year. I purchased a used vehicle, under 100,000 miles, with a 300,000 mile lifespan, and paid in cash. I used the cash I saved over the life of my previous vehicle, as I didn't have a car payment or lease payment to make each month. The wealthy primarily lease because they understand it's even more financially irresponsible to purchase a brand new $100k Mercedes. Fact is, leases exist because they are profitable for auto dealers and financial institutions.
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  15.  @jeffshadow2407  That's neat, good for you. Fact is, leases exist because they are profitable for dealers and financial institutions.
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