If you need a machine and you do not buy it, you will find eventually that you have paid for it and do not own

0 ⤊

If you need a machine and you do not buy it, you will find eventually that you have paid for it and do not own

Hi Can anybody tell me the real meaning of this word and what does it signify?

2007-01-15 02:16:00 · 2 answers · asked by vikash singh 1 in Business & Finance ➔ Renting & Real Estate

2 answers

If you need a (machine, house, car, etc.) and rent one instead of buying one, you will pay for someone to own it eventually.

For example - if you rent a house, the rent you pay will allow the landlord to pay the mortgage (loan), so he will own the house after years. YOU have paid for the house, but you will not be the owner. It is better to BUY the house, so the monthly payments you make will pay for the house to belong to you.

2007-01-15 02:25:15 · answer #1 · answered by teran_realtor 7 · 0⤊ 0⤋

Lease?

2007-01-15 22:55:43 · answer #2 · answered by The Man 5 · 0⤊ 0⤋