Re:The Hertz Story Isn’t What You Think
by phkahler on Monday June 01, 2020 @03:37PM
(#23382772)
>> They finance new cars, rent them out for a while, then dispose of them. That all works fine and vehicle debt is not a problem when rental income covers the interest+depreciation on the vehicles.
Financing anything is ok until something goes wrong. The problem is that too many people and companies are living paycheck to paycheck. God forbid a company hold enough cash to finance their own operations - no that needs find it's way to the shareholders.
A recent headline at CNN said the next problem for the economy was people saving money during the crisis or even paying down debt. SMH.
Financing anything is ok until something goes wrong. The problem is that too many people and companies are living paycheck to paycheck. God forbid a company hold enough cash to finance their own operations - no that needs find it's way to the shareholders.
A recent headline at CNN said the next problem for the economy was people saving money during the crisis or even paying down debt. SMH.