Re: simple question regarding how to view a lease as a debt
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Don't most car leases have a purchase option?
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Yes, but that is not relevant to it being a debt with no offsetting asset in a net worth computation. You lease payments do not effect the guaranteed purchase price at the end of the lease.
If you lease a car today and one week from today you want to buy it you will owe the total of all the lease payments plus the buyout price. This is why it has no asset value.
Jimbo
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