Collaborative Post¦ Go back fifty years, and practically everybody saved their money to buy a car outright. There were no such things as car loans. And there were certainly no lease payment options.
But thanks to innovations in the business world and changes in consumer preferences, that’s all changed. Now you just pay for your vehicle with a predictable fee every month. It’s the same as any other utility.
When you think about it, the same constraints operated with cars bought on loan. But there are key differences between regular loans and leases. And that’s part of the reason they’ve become so ridiculously popular.