Your opinion on leasing ? Why isn’t more popular ? It offers some kind of certainty

[Franck60]

Hi guys,

 

I’m a 59 years old frenchman who will come and live in Thailand in about 4 years time.

 

I will probably be renting as it guarantees freedom but … at the same, I was thinking about leasing (not straight away but after a while, once having explored around a bit). 

 

What’s your opinion about the value of leasing?

Thanks for your advice and help figuring out that stuff,
 

Franck
 

[soi3eddie]

 

Renting vs Leasing? Aren't they the same thing? Are you talking about property, a vehicle or a woman? 

 

Please clarify for us as many may be curious as to your plan.

 

Edited 1 hour ago by soi3eddie

[Nemises]

Rent never buy. Life is short and variety is the spice of it. 

[soi3eddie]

5 minutes ago, Nemises said:

Rent never buy. Life is short and variety is the spice of it. 

Yes, but the OP never mentioned buying.

 

[motdaeng]

37 minutes ago, Franck60 said:

I’m a 59 years old frenchman who will come and live in Thailand in about 4 years time.

 

in 4 years a lot can change, in your personal life as in thailand as well ...

it seems you're serious about your plan to leave your home country ... 

 

[Nemises]

16 minutes ago, soi3eddie said:

Yes, but the OP never mentioned buying.

 

The OP mentioned that he will probably be renting, hence my post supporting his intention to rent.

[Gottfrid]

@Franck60 What are you talking about? I assume you are talking about a car?
 

53 minutes ago, soi3eddie said:

 

Renting vs Leasing? Aren't they the same thing?

 

Renting and leasing are not the same¹². Here are some differences between the two:

• Leasing contracts have two parties – lessor and lessee. A rental agreement has two parties as well – landlord and tenant.
• Leasing is usually done for assets/equipment. Renting is mostly done for properties or lands.
• In leasing, the servicing and maintenance are done by the lessee when s/he takes the equipment on lease. In renting, on the other hand, the servicing and maintenance are done by the landlord even if the tenant takes the property on rent.
• The critical difference between lease and rent is their duration. Whereas a leasing remains valid for the period specified in a formal agreement (typically one year), a rental agreement could cover a short-term period for month-to-month stays or vacation rentals.

Edited 52 minutes ago by Gottfrid