this post was submitted on 21 Jul 2026
415 points (94.8% liked)
Technology
86548 readers
3127 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Leasing is not renting
For tech stuff basically a financial entity buys the goods for you at full MSRP (they calculate a almost 100% depreciation over the term), then you pay that full price + interest over 48/60 installments, and when you're done, they take the goods back and sell it back via some liquidator.
And because the financial entity bought the stuff for you especially to lease it, you're contractually obligated to pay until the end of the contract, can't just get it for a month and then be done with it
You paid $1200 to use something worth $900 for four years and then it's not yours
Unless you're a business and the accountant says that's better for taxes, leasing something doesn't make sense
I hope you’re not saying this in general terms, because leasing absolutely has its benefits even to individuals, especially for cars.
for cars it makes sense only if you really need to have a new vehicle every 3 years and you really need to have an all inclusive insurance that covers everything
otherwise you save thousands by taking a loan, get limited liability insurance, then sell it after 5-6 years
although the absolute savings (for a newish vehicle and not a shitbox) is to get a used one ex-leasing (max 3 years old, low mileage, all maintenance made correctly because the leasing company paid for it) then sell it after 3-4 years (or keep it until it becames a shitbox)
Heck, even paying for full comprehensive insurance, you still come out ahead by buying on a loan and keeping it for more than 3 years.
The crux is that decently priced loans are denied to the people who actually need it, but leases are not.
And also that the car dealer takes a way fatter commission on a lease (commissions on insurances, commission on the extended warranty) so (at least here in my country) sometimes they "accidentally" incorrectly fill the request form with "wrong" data (like higher income, different employment status and so on)
Google novated leases and you’ll see why you’re wrong.
They seems better, never heard them before, not a thing in my country