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To: E_K_S who wrote (54779)	1/15/2022 4:28:22 PM
From: robert b furman	Read Replies (1) \| Respond to of 69853

Hi E_K_S, California leases are the worst. People lease a car with nothing down, and then pay interest on the sales tax title and licensing fees for the next 3 or 4 years. I'm not a fan of leasing. It is the most expensive way of owning a car. Always a lot of interest expense and NEVER any equity achievement. It has it's place, but it is always expensive. Just a country conservative guy I guess. Sounds to me like that guy doesn't know what he's talking about. Unless it means stop the expense and have one less car? Turning a lease in early requires the cumulated depreciation not paid so far to be paid as a lump sum. There would be some interest savings, but it would require a large payment to get the unpaid balance down to the residual that was agreed upon. Bob