Quote:
Originally Posted by SamS
Sure it is.
It is the use of property belonging to another, i.e. a rental. When you do traditional finance, you are taking out a loan, with the car being the collateral.
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The point of my comment is to address the misunderstood aspect of "owning" a vehicle, as related to the oil change interval.
Whether one leases or loan purchases their car the oil change interval does not change. The mechanical maintenance requirements remain the same.
Those who say that BMW's oil change interval is fine for those who lease but not for those who "own" their car via a loan have no actual mechanical or scientific basis on which to make that statement.
As for a lease being the same as a rental, they are clearly not the same.
If you don't know why, then read up on it.
An auto lease is actually a form of financing just as a bank loan purchase is, whereas a rental is not.
There is a lot more to it as well, but that's one important distinction.
A lease is a limited time ownership purchase, whereas a loan purchase doesn't have a set time of ownership, but it does have a time limit by which the finance balance must be paid or the car will be taken away.
Here's something to help you and others out regarding leasing:
http://www.leaseguide.com/articles/car-rental-lease.htm