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Old 09-06-2012, 02:10 PM
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voip-ninja voip-ninja is offline
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Location: Highlands Ranch CO
 
Join Date: Mar 2012
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Quote:
Originally Posted by Chris90 View Post
I think we all agree on this - leasing is good for those who could afford to pay cash or finance, but prefer the numbers or ease of leasing. Not good for those who are living paycheck to paycheck, and think a $500 lease is the same cost as a $500/mo 5 year loan (a lot of people do think this way).
Ultimately what people can "afford" is dictated by their understanding of finances (often poor) as well as what banks say they can "afford" (often very poor barometer of reality). A banks goal is to have you leveraged to the hilt with no money saved for the future, because they could care less if you can ever retire, they just want you paying interest forever... ever have a Bank tell you that you're a "bad customer" because you pay your notes off early and never incur extra interest or late fees? Yeah, that's happened to me with certain nameless (Chase Bank) banks in Manhattan.

It's not hard to understand this IF you have a basic grasp of economics. Remember also that we think for the last 20 years that it's far more important to teach kids computer skills than how to balance a checkbook.
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Last edited by voip-ninja; 09-06-2012 at 02:12 PM.
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