Buying · 03

Long lease, finance, loan. The monthly payment looks the same. Who owns the car doesn't.

A payment every month might be rent, might be a loan to buy, might be a conditional sale. Look at the name on the registration, and who gets the car when it's over.

The statute. The link goes to the national law database.

What this is

Name it first

Same monthly number does not mean the same contract. A lease: you use their car and you pay rent. A loan: the car usually goes into your name, and the bank or the finance company holds the debt. A finance lease or a conditional sale often has a security interest sitting in the middle. If you haven't split those apart, the cost of leaving early gets sold to you as one lump called a penalty.

What you can do now

0/3

Who you might call

Only if it fits

Also worth saying

The salesperson said the car is yours at the end. That sentence has to be in the contract, not only on the slide.
I won't tell you which one is cheaper. What you save may just be the risk moving onto you.
Whether a security interest is on the record: look it up. Don't ask the group chat.

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I'm not a lawyer, and I'm not a mediator. I can't decide this for you. The statute that counts is the one still in force. Judgments live on the Judicial Yuan site.