To be fair, this DLX lease pilot program seems like a nothing burger. It says it’s catered towards “tournament players”.
Eligibility for this program is determined entirely at the sole discretion of DLX. Participants must have a current PBLI number and play tournament paintball.
So it’s a pilot program for a few people.
Generally speaking though, leasing import vehicles makes sense. Unless you’re a mechanic, it’s obviously a very poor financial decision to drive a European car out of warranty.
Leasing commercial property or commercial
vehicles also makes sense.
So it’s not all black and white. There are instances where it makes sense.
But people are being priced out of home ownership, for instance. It’s never been more difficult for hard working people, including college graduates to attain home ownership. Home ownership, as opposed to renting, even when you factor maintenance costs, will always be an inter generational investment. The problem is that increasingly people can’t afford to make that investment. It’s much more difficult than it was for our boomer parents.
But “Rent to own” has been around for a while in many diff industries. It’s especially catching on in the gaming PC space — for obvious reasons. Video card prices are incredibly high. Now memory and storage costs are skyrocketing as well due to shortages caused by AI. And of course — you have advancements in technology constantly…
That said, renting/ leasing is much more expensive in the long run. And in the end — it’s only one more way that corporations are trying to maximize profits.
IMO, it makes sense if you are a person of means — and you are paying for the convenience — and to have the newest products. To put it bluntly: it caters to the rich. It’s like the market for import car leases. But it doesn’t make sense to the average person.
Look at used car prices. Based on that alone: people driving their Toyotas and Hyundais were better off owning versus leasing.
The biggest problem is rampant inflation, stagnant wages, and the so called “affordability crisis” is forcing poor people to stay poor. As the saying goes “being poor is expensive.”
Eligibility for this program is determined entirely at the sole discretion of DLX. Participants must have a current PBLI number and play tournament paintball.
Generally speaking though, leasing import vehicles makes sense. Unless you’re a mechanic, it’s obviously a very poor financial decision to drive a European car out of warranty.
Leasing commercial property or commercial
vehicles also makes sense.
So it’s not all black and white. There are instances where it makes sense.
But people are being priced out of home ownership, for instance. It’s never been more difficult for hard working people, including college graduates to attain home ownership. Home ownership, as opposed to renting, even when you factor maintenance costs, will always be an inter generational investment. The problem is that increasingly people can’t afford to make that investment. It’s much more difficult than it was for our boomer parents.
But “Rent to own” has been around for a while in many diff industries. It’s especially catching on in the gaming PC space — for obvious reasons. Video card prices are incredibly high. Now memory and storage costs are skyrocketing as well due to shortages caused by AI. And of course — you have advancements in technology constantly…
That said, renting/ leasing is much more expensive in the long run. And in the end — it’s only one more way that corporations are trying to maximize profits.
IMO, it makes sense if you are a person of means — and you are paying for the convenience — and to have the newest products. To put it bluntly: it caters to the rich. It’s like the market for import car leases. But it doesn’t make sense to the average person.
Look at used car prices. Based on that alone: people driving their Toyotas and Hyundais were better off owning versus leasing.
The biggest problem is rampant inflation, stagnant wages, and the so called “affordability crisis” is forcing poor people to stay poor. As the saying goes “being poor is expensive.”
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