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General Chat / LEASING - can`t understand
« on: March 05, 2008, 12:28:43 am »
Hi all AMs 
I`ve read some topics about leasing, but still confused and cant understand one important moment.
As I know, leasing undermeans posibility of buying lease object, and most often (in real life) leasing means that, for example, if I want a/c that cost 50M$, but I dont have such a heap, then I go to the bank and say: "Hey Bank, buy this a/c from manufacturer, and then lease it to me for 5M$/month on length of 10 months!"
Bank says OK, and here`s my new plane. I`ll pay for it 5M$ every month, and after 10 months a/c is mine till the end of time.
Thats what I thought when leased 737-200 for 12,5M on 1 month term. :oops:
But! Now I`m affraid of that "POSSIBILITY of buying" - as it was written on this forum about a year ago, this feature didn`t work, when lease time ends, a/c`s are returned to leaser. What`s about this now? Will I loose my 737 (and 3M with it :cry: ), or will I owe >40M plane for just 12,5M?
Winner or loser? :?:
Thanks in advance!
I`ve read some topics about leasing, but still confused and cant understand one important moment.
As I know, leasing undermeans posibility of buying lease object, and most often (in real life) leasing means that, for example, if I want a/c that cost 50M$, but I dont have such a heap, then I go to the bank and say: "Hey Bank, buy this a/c from manufacturer, and then lease it to me for 5M$/month on length of 10 months!"
Bank says OK, and here`s my new plane. I`ll pay for it 5M$ every month, and after 10 months a/c is mine till the end of time.
Thats what I thought when leased 737-200 for 12,5M on 1 month term. :oops:
But! Now I`m affraid of that "POSSIBILITY of buying" - as it was written on this forum about a year ago, this feature didn`t work, when lease time ends, a/c`s are returned to leaser. What`s about this now? Will I loose my 737 (and 3M with it :cry: ), or will I owe >40M plane for just 12,5M?
Winner or loser? :?:
Thanks in advance!