|
Leasing is no different from an expensive rental. Unless you buy the car for the residual value (and it's seldom a good deal), you've spent a bunch of $$ and have zero equity in the car. And, if you plan on getting rid of the car or upgrading before the lease term, the only "out" is to pay the balance of the lease payments and give the car back.
If you finance, then you own the car and can mod it, sell it, or do whatever you want to it. And if you're no upside-down on the loan, you will have some positive equity in it.
|