Lease question
5 Year Member
Joined: Jan 2012
Posts: 2,468
Likes: 369
From: Wisconsin
If you're looking at payments, a lease will be less expensive in the short term.
For the long haul, a lease is not a bargain - the lease company makes a living on the difference.
I'm in the rental business - I pay $4500 for a dump trailer, and I rent it for $40per day, $120 per week, and $400 per month. So if you want to re-roof your house and keep it a couple of weeks you'll spend $240 - which is a lot less than owning one. I've had guys in the roofing business, needing an extra trailer, and they'll rent it for a month or more.
I make about $3000 a year on a trailer, and I still own them, and I charge out the customers for flat tires or any damage.
Renting is a bargain, just like a lease is a bargain - for the short term.
For the long haul, a lease is not a bargain - the lease company makes a living on the difference.
I'm in the rental business - I pay $4500 for a dump trailer, and I rent it for $40per day, $120 per week, and $400 per month. So if you want to re-roof your house and keep it a couple of weeks you'll spend $240 - which is a lot less than owning one. I've had guys in the roofing business, needing an extra trailer, and they'll rent it for a month or more.
I make about $3000 a year on a trailer, and I still own them, and I charge out the customers for flat tires or any damage.
Renting is a bargain, just like a lease is a bargain - for the short term.