Leasing equals financing

Dave Ramsey
October 02, 2017 - 2:18 pm
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Dear Dave,

What is your opinion on leasing cell phones?

Monica

Dear Monica,

In most cases, leasing something is just another way of financing. I wouldn’t lease anything, apart from a building or office space for a business in the short term.

There are almost always hidden conditions and a few “gotchas” hidden in the fine print of leases. Besides, leasing a cell phone? Really? Come on! If you can’t pay cash for something like a cell phone, it means you can’t afford the phone. It’s as simple as that!

Dave

* Dave Ramsey is CEO of Ramsey Solutions. He has authored seven best-selling books, including The Total Money Makeover. The Dave Ramsey Show is heard by more than 13 million listeners each week on 585 radio stations and multiple digital platforms. Follow Dave on the web at daveramsey.com and on Twitter at @DaveRamsey.

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