• BigFig@lemmy.world
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    1 month ago

    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
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      1 month ago

      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.

      • BigFig@lemmy.world
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        1 month ago

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

      • Troy@lemmy.ca
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        1 month 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