Re: Leased Motor ?
JH, there are leasing companies out there that will lease anyone just about anything that they want to buy. I have done it a lot for the companies I have worked for over the years. <br /><br />But, remember that leasing is really renting something at an agreed upon interest rate, and you get nothing at the end. You are basically renting something (a motor in this case) for what the book value will drop for the term of the lease.<br /><br />VERY simple example - motor new cost - $6,000. Book value 3 years later $3,000. A leasing company will "lease" it to you for roughly $100 per month, and have terms in the lease that will still make it sellable 3 years later for $3,000.<br /><br />Same way that it works for a car lease, that's why some car lease payments are much less than others. One's that are predicted to hold a good book value will have less of a lease payment.<br /><br />NOW, what probably would be a good deal for you would be to BUY a leased motor (one that had been leased by a lodge).<br /><br />They look like some super deals compared to a new motor price.<br /><br />Hope this helps.
