Re: simple question regarding how to view a lease as a debt
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Huh? Who cares what's considered an asset by some specific set of accounting rules (which btw differ significant from country to country and one time period to another and exist mainly for investor convenience) - does the OP have to file his personal accounting records with the SEC? The question is whether the ability to use the vehicle worth something to the OP or not. Whether he can sell it is irrelevant from an accounting standpoint - it merely affects its valuation (obviously a liquid asset is worth more than an illiquid asset).
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Phone Booth,
You seem like areal smart person and I enjoy your posts but the OP wrote "calculation my net worth and am wondering how i should view the lease on my car." so perhaps my post has everything to do with answering his question and yours is off topic though has value in and of itself, just not in reply to OP's initial question. I assumed he wanted accuracy, not esoteric fantasy.
Jimbo
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