Legislators have been abuzz recently about institutional investors buying homes as an asset class and the damage which they worry may ensue. As usual, those who would like to prevent the free-flow of capital have it all wrong.
At relatively low monthly payments, car leasing programs make it possible for drivers to access higher-end vehicles that they wouldn’t normally be able to afford. And it’s not just the relative affordability of leasing versus buying that can make leasing so appealing. Since lessees don’t own the car, the increasingly complicated maintenance of the car is outsourced to the actual owner who is much more knowledgeable about it.
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