Leasing Means You Buy the Leasing Company a Car

Richard Stooker
5 min readOct 25, 2020

In return, they let you use it — but it’s still their car

Image by <a href=”https://pixabay.com/users/raten-kauf-13794608/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=4516072">Raten-Kauf</a> from <a href=”https://pixabay.com/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=4516072">Pixabay</a>

In our minds we tend to think “lease” and “rent” are the same, but with cars they’re not.

You can rent a car for a weekend trip and be responsible only for the required insurance, gas and parking fees. The car rental company is responsible for all the other ownership expenses.

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Richard Stooker

Email copywriter, financial writer, editor & unconventional thinker. Go to Income Investing Secrets newsletter https://incomeinvestingsecrets.substack.com/about