U.S. Economy Shrinks at 4.8% Pace, Signaling Start of Recession

Re:U.S. Economy Shrinks at 4.8% Pace, Signaling Start of Rec... by thebruce87m on Wednesday April 29, 2020 @12:48PM (#23021269)

“82% of new cars in Britain are bought using relatively new "PCP" loans, which let drivers pay less than the full value of the car.” - https://www.businessinsider.com/uk-car-finance-pcp-mortgage-...

So while I agree if someone says they are buying a “new car” it just could mean “new to them” I do think a lot of people do lease. I see a lot of young people with new BMWs etc, probably paying with money that they will regret not having put into their pension in years to come. Or maybe I should have lived a little bit more at their age.

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Re:U.S. Economy Shrinks at 4.8% Pace, Signaling Start of Rec... by gimmeThaBeet on Wednesday April 29, 2020 @02:31PM (#23022526)

I don't get how that isn't basically just a lease? Except that the buyer gets something that looks like a call option that sounds like it's nearly guaranteed to be below expected (normal, maybe not in rough times) value?

Mainly because I've never seen a lease where the dealer doesn't ask you if you want to buy it.

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