[quote=bubble_contagion][quote=Russell]…and I thought all married piggs owned more than one home(just in case).[/quote]
Most Piggs lease their wifes. This way you can always have a new model. Have you seen the late 80s models? Much better than the 70s model I had before.[/quote]
Leasing might be a viable option for folks who cannot own outright…But not everyone automatically qualify to even lease. Some specific models are limited production, and have long waitlists, in which the leasee is hand picked from a crowd of leasees…Often, the leasee prospect must write a carefully crafted document describing one should have the to privilege of to lease, in addition to the hefty lease downpayment and monthly payments.
In almost all models, regular schedule maintenance is not included in the lease price, Premium fuel is most likely required, and unlike outright purchases, skimpy on gasoline will be discovered at annual inspections, in which you will be fined…significantly….
Generally, the cost of insurance is significantly more expensive the the going the non-lease route. Removing speed limiters and restrictors would probably be ok occassionally as long as you replace them during lease returns. It might be more enjoyable to drive without optional safety equipment, but that might lead to unexpected equipment breakage, which might result in spilled fluids all over the place, that significantly affect the overall performance of the entity and resulting in the entity being nearly totalled, at which point you will be on the hook for the full maintenance cost of repairs and cleanup…And things will never be the same….
Also, be careful on the lease returns. As we all know to well, go over the established year mileage allowances, and you will be paying for it dearly…Returning in less than pristine condition…it will cost you an arm and leg, often resulting in you having to buy out outright altogether. At the lease inspection return, you will be expected to replace all wear and tear items with equal or greater value, or again, you will pay heavy surcharges so to have them replaced elsewhere.
One advantage might be that for folks who like to frequently have the latest and greatest to have the most current models. However, bear in mind that as one gets older, the cost perpetual leases will increase as one ages and starts to live on fixed income. At closer to elder ages, one might be in a regretable situation in which one is now on fixed income and has not paid off an entity outright, as leasing at that stage might not be attainable…