Are leased vehicles secured?

[downthetube]

We are getting close to filing 13. We are letting rental properties go, but are concerned about the max secured debt amount. I think $922,975 is the magic number.

As we add up our secured debt, should a leased vehicle be secured or unsecured?

If secured is the total balance to purchase the secured amount or the delta between the current purchase price ($26500) less the end of lease buyout ($18,000), so ~8500?

Thanks for any thoughts. I couldn't find an answer in the threads that helped.

[HHM]

Leased vehicles are neither secured or unsecured. They are executory contracts. You don't own the vehicle so the vehicle is not an asset either.