434
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 21 Jul 2026
434 points (100.0% liked)
Technology
86636 readers
2932 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 3 years ago
MODERATORS
Leasing is not renting
For tech stuff basically a financial entity buys the goods for you at full MSRP (they calculate a almost 100% depreciation over the term), then you pay that full price + interest over 48/60 installments, and when you're done, they take the goods back and sell it back via some liquidator.
And because the financial entity bought the stuff for you especially to lease it, you're contractually obligated to pay until the end of the contract, can't just get it for a month and then be done with it
You paid $1200 to use something worth $900 for four years and then it's not yours
Unless you're a business and the accountant says that's better for taxes, leasing something doesn't make sense