<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Humden:
That's why I leased, so I don't have to deal with this depreciation. </div></BLOCKQUOTE>
Of course you do! In fact that’s all you’re doing.
What do you think a lease is? You are financing the anticipated depreciation of the vehicle rather than the cost of the rig.
With no equity to work with, try to get out of that situation early. Read your lease agreement about termination. You would get totally and completely hosed.
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