Lease vs Loan
August 10th, 2004 at 2:11 pm (uncategorized)
What if someone told you that you could lease your yarn, as long as you give it back in relatively good condition three years down the road?
Or what if you could buy it outright (paying over time) and then trade it in for some newer and flashier yarn three years down the road?
Ok, I’m not really talking about yarn, but it’s an interesting way to think of the “lease vs loan” problem. I found this really good article that does a decent job of explaining the difference between the two: Click Here to be educated.
It also covers buying a used car, which is a very different animal in my opinion. You get a lower price, but you also get another persons’ (or many persons’) dirt, smells, and taste in colors when it came to the interior and car color. It takes longer to find a decent used car, there are less choices. Can you tell I like newer cars? Plus, with some of the incentives you can buy a new car for almost the price of a late model used car!
“So why should we care?”, you ask.
Well, the car (really an SUV) I am driving now has a hideously huge payment with it. It replaced another car with a hideously huge payment almost 3.5 years ago. I’m tired of having a huge payment. I’m trading it in for something just as fun to drive, with just as many doo-dads on the inside to entertain me while I drive (I like knowing that it’s 90+ outside while my A/C keeps me in complete comfort), that costs a LOT less. Like half.
So stay tuned, I might share a picture of it when I get it. Hopefully if all goes well I’ll be driving it tomorrow afternoon.
What about knitting??
I anticipate having lots of time to knit while doing the finance stuff at the dealer, although I’m trying to get everything done ahead of time so we can just walk in and sign. I finished Katie’s first sock yesterday and have already cast on for the 2nd one. Hardangervidda’s sleeve is just a small cuff so far, but that will be making progress soon too!
