Finance as in trading instruments and other financial products. That type of finance. I’m well aware of how auto finance works.

When you finance you own the vehicle, but someone has a lien on it, and they generally hold the title until the lien is settle.

Leases aren’t written in the way you are describing, and a dealer is rarely ever a party on a lease. As someone else in this abomination of a commenting system noted, the standard lease language is that either party to the lease can transfer their interest in the lease to a third party with the written permissions…

When you finance a car, you do not receive the title until the note is paid off. Same with mortgage; you own both, but there are others with financial interest in the properties.

It’ll be interesting to see what the traditional motorhome market does. It wasn’t too long ago that you could pick up a pretty good used rig for pennies on the dollar because one of the retired couple passed away or couldn’t travel like that anymore.

That so many people here don’t understand these basic facts about leasing annoys me to no end.

A lot of this comment section should be read as a warning.

How would the manufacturer be stiffing you if there were a shortfall, i.e. non-payment?

At this point the leasing company would rather the lessee turn the vehicle in so they can sell it off as CPO. If the lessee decides to buy the vehicle at the end of the lease, the leasing company can’t raise the residual price because it was agreed to at lease inception. Letting a third party buy the vehicle at that…

No you didn’t. If you rent an apartment, you didn’t “pay for that equity”, you paid to use a space. If the building your apartment is in goes up in value, you haven’t earned any equity, because the building isn’t yours. Exact same thing with a lease.

And just like you don’t have to sell your vehicle to someone just because they want to buy it, the owner of these vehicles - the leasing companies - don’t have to sell to anyone they don’t want to.

A lease is to an apartment rental as a loan is to a mortgage; two completely unrelated financial transactions.

How is holding you to the terms of a contract “playing hardball”?

It is completely different. I can’t speak to trading instruments or the nonsense of finance.

We’re talking leasing, not ownership and financing. The leasing company very much sees a leased vehicle as their property, because it is. They also took the risk. The whole point of a lease is that there is no risk for the lessee beyond the agreed-to monthly payment. 

You are very much selling the car. This “interest in the lease” nonsense is just that, nonsense.

There is no equity in your interest in the lease. Your interest in the lease is the lease payments, period. The change in value of the vehicle - positive or negative - belongs to the owner of the vehicle, the leasing company. This was never something leasing companies expressly allowed or forbade, because it was a…

I like how you asked my how I came up with a wildly inaccurate statement, asked me if I read the article, then repeated the exact same statement back to me like you’re correcting me. That level of self-awareness is hard to teach.

It’s not that the leasing company has any language for or against third-party buyouts. I’m sure some do, but most probably don’t, because under normal circumstances inventories aren’t so tight and prices aren’t so out of whack. Under normal circumstances, as long as the lease is paid in full and someone pays the…

You don’t have to give Biden credit for anything, just don’t say he’s broken a promise when he hasn’t. Not doing something as quickly as you want it done is not breaking a promise.