Dear Drive to Survive fans,

And they will lose the Championship on the own-goal of not letting something like this go. It wasn’t a problem when was Max was making much more aggressive moves against, say, Vettel, when he was the points leader back in 2018. Now that Verstappen has built a lead in the championship, he - and they - are talking about…

My guess at this point is that for the vast majority of lessees 3 to 4 years ago weren’t thinking about the possibility of the car market being so far out of whack and the possibility of there being “equity” in their leased vehicle. Manufacturers generally (but not universally) didn’t care one way or the other,…

A mortgage and a lease are not equal financial transactions, so your example is irrelevant.

No they’re not. The difference between the two is length of term, leases being longer term. Otherwise they are the same.

Who is taking advantage in this case? The contract language is clear.

Yes it is. That is the whole point of doing this.

The point is that the free money is the manufacturer’s until you purchase the car. They’re legally obligated to give you that free money, but not legally obligated to hand it over to a third party. Want the equity? Buy the vehicle.

VAG has, for as long as I’d been involved with them, not allowed third-party buyouts. Return or purchase, you have to do it at a VAG dealer.

They’re selling the right to buy the car. That’s selling the car.

I don’t think it is going to be as interesting as you think. The typical lease language says that the lessee has exclusive right to purchase the vehicle at lease end at the agreed to residual price. The leasing companies are enforcing the letter of the contract and making the lessee purchase the vehicle. Assigning…

So many people think that leasing is the same as buying, trying to explain that it isn’t is fruitless.

Is that what a Yugo shift knob looks like? From my pizza delivery days I sorta remember them being interior beige with a big square boot.

No Dice. A very clean example of a car I have no interest in isn’t going to make me open my wallet. Not for that asking price.

Yes and no.

The article is not clear because it assumes the reader is knowledgeable about leasing, but I believe were are talking about end of lease purchase, not early termination. I could be wrong though.

Because some of the vague terms used in leasing, I think there is a bit of confusion about what is going on here. I don’t think Tom is talking about transferring interest in the lease during the lease period, but when the lease is over and it is time to turn in or buy out.

Sorry peeps, lots of good discussions here, but Kinja continues to be Kinja, and trying to keep track of what conversation is what is more of a headache that it’s worth.

Since for the life of me I can’t find the comment I replied to, I can’t give you a good answer. Something about calling for an early payoff price on a lease, which I haven’t seen evidence of being a thing. There is early termination, but that isn’t the same thing.

- Registration, maintenance, insurance, and sales tax don’t indicate ownership in a car lease. Registration is a motor vehicle specific thing to use the roads, maintenance is included in your rent payment, only a fool wouldn’t have renter’s insurance, and depending on where you live, you might have to pay sales tax on…