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I-Man

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I-Man

Re: 31twu post# 15445

Monday, 09/17/2018 8:02:25 AM

Monday, September 17, 2018 8:02:25 AM

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31twu, Toyota dealer told us last week, more people doing leases here, because they do not have sufficient credit to finance, nor any downpayment, nor decent enough incomes to buy... So they lease 3 or 4 years and why we are seeing hundreds and hundreds of 3-4 year old used vehicles everywhere on lots down here in NC right now... But leases in NC require say $4,000.00 +/- down upfront costs to even get into anyway up front (covers depreciation of said vehicle for dealers)...

As a business owner here in NC, unless I own I cannot depreciate anything related to a leased vehicle either. So I must buy one...
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