this post was submitted on 14 Nov 2024
518 points (93.5% liked)

Comic Strips

12561 readers
3696 users here now

Comic Strips is a community for those who love comic stories.

The rules are simple:

Web of links

founded 1 year ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] Brunbrun6766@lemmy.world 19 points 1 day ago (1 children)

We lease this mess now, for $0 down payment and 5.6% APR*

*For 3 years, then APR subject to change on the whims of the owner

[–] Hideakikarate@sh.itjust.works 7 points 1 day ago (3 children)

Real talk, I honestly don't get the point in leasing, or even how it's different from renting. Sounds more like renting with a different name.

[–] ryathal@sh.itjust.works 6 points 1 day ago

Lease has a specific term, generally long. Rent implies short term or indefinite length.

[–] Brunbrun6766@lemmy.world 5 points 1 day ago

Typically, leasing is long term and renting is short term (contract length I mean)

[–] troyunrau@lemmy.ca 2 points 1 day ago

You're correct. They are the same. Loan may also apply.

However, depending on where you are, there are regional differences in where the terms get used. Locally, you rent an apartment but lease a warehouse (why?). Also, if you rent an apartment and turn over your lease agreement to another person, you are sub-letting the apartment. And "let" also means lease in this context. Err rent. Fuck, I've gone cross-eyed