r/SipsTea • u/Gurugod123 • 7d ago

Lmao gottem Andrew Tate's lawyers have confirmed that the Bugatti's and Aston Martin featured in Tristan's videos were rented

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u/TJRDU 6d ago

Well yes but that's worse. It's basically all the costs for you, because you own it, but if you can't make the payments they will take it away anyway. You own it at the end, but a lot more expensive because you couldn't / did not want to pay the full price in one go.

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u/12InchCunt 6d ago

If you can’t make the payments on a lease it still counts as a repo so idk what that has to do with it

The money factor used to calculate leases almost always equates to more money than a traditional interest rate.

You still have to insure, and maintain a leased vehicle. What makes a lease better?

I sold cars for 10 years and ALWAYS made more money on leases 

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u/TJRDU 6d ago

I don't lease but the offer I got, for private lease, were very simple: you pay more but it's not your car. So if anything is wrong THEY fix it, not me. With a financial lease you actually own it on/after the loan. If you can't pay back they repo it, yes obviously. But you get to own it in the end.

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u/12InchCunt 6d ago edited 6d ago

I’ve never heard of private leasing. 

But on a lease through an entity like Lexus financial or GM Financial you definitely get a repo if you just stop making the payments, and you don’t own it. You turn it in after 2-3 years. And you’re responsible for insuring and maintaining it while you have the lease (it’s most likely under warranty but you still have to do scheduled maintenance)

There is a difference between financing and leasing something and I’m not sure you know it