Sure, that too.
I had a boss once when I was in college who leased a new Honda, then got a job
that required an absurdly long, like 150 mile round trip, commute. She'd gotten
a huge pay raise so the job made sense but like you kid she had to park the car
and buy another since the mileage price on the lease was absurd. That was when
I decided leasing was dumb.
-Curt
From: Scott Ritchey <[email protected]>
To: 'Curt Raymond' <[email protected]>; 'Mercedes Discussion List'
<[email protected]>
Sent: Monday, August 15, 2016 4:28 PM
Subject: RE: [MBZ] OT leasing a car
It's a tax thing. Lease costs are deductible business expenses.
For a personal vehicle, there is only a narrow range of circumstances where
leasing makes sense (like a temporary need). Two of my kids leased (vs
bought), against my strongest advice, and it hasn't worked well. One used up
the allotted miles and had to park the car for the last several months of the
lease. The other will need to lease another very soon (with big up-front
costs) or buy out the existing lease for too much money. I think this was a
case of wanting more car than they could afford and getting trapped as a result.
> -----Original Message-----
> From: Curt Raymond via Mercedes
Sent: Monday, August 15, 2016 11:15 AM
>
> I know companies like to lease stuff since it keeps it off the ownership
> books ...
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