A distinguished economist appears at Larry King Show and talks about car lease.

Larry King asks if the guest’s most important assets(house, car) increased in value. Then he ridicules the economist for naming something that depreciates in value as his number one asset.

When Larry King mentions that more people are leasing their cars, the economist confidentlyargues that leasing a car is not the same as owning it. Then Larry King makes fun of the economist for owning something that will continue to depreciate and he will end up sellingat a lower price.

Show ends with the economist being very embarrassed.

NA : LARRYKING SHOW

Larry : What Would an economist like yourself consider as your most Valuable asset?

Economist : My house and car, just like everyone else.

Larry : So I assume the value of your home has gone up?

Economist: A little. Ha ha

Larry : How about the value of your car?

Economist : (With a puzzled look on his face)...A car’s value...

Larry : So you chose an asset that depreciates in value as one of your most valuable assets?..You’re an economist, right?

Economist : (With an embarrassed look on his face.) …

Larry : Perhaps that is why many people are leasing a car instead of buying these days.

Economist : But if you lease your car, you don’t own it.

Larry : But if its value is going to decrease, why own something that you will have to sell for less?

Economist: (With an embarrassed look on his face.)…

Larry : You said you are an economist, right?

Economist : (With an even more embarrassed look on his face.)…

Larry : Thank you for joining us today.

NA : It's time to change to personal lease.

Larry : bye, BUY.hello, LEASE.

NA : HYUNDAI MOTOR COMPANY - PERSONAL LEASE