| Leases suck. I was going to do a lease on this Magic Tan booth. A 36 month lease with my credit score being above 700 (which is amazing) had an APR of 38.65%. You are better taking out a home equity loan, run up every credit card you own or borrow from a bookie before you lease. I now know why alot of leased bed salon owners go bankrupt - the lease companies bleed them dry over the life of the lease.
Trust me - make leasing your last option. If you have a 401k or a stock brokerage acct you would be better to sell and pull out the money then pay a lease company. What stock is going to guarantee you 30%+ plus over the next 3 years? Not one!
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