Current trends- Buy vs Lease?
#16
Burning Brakes
#17
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i definetly lease only the more by cars > 100k€/$!
the months/year i spent (pay) a certain amount of money (in terms of lease) i can also use my 100k€ and invest it.....get more than immediately tranfer to the dealer. And, after 3y, i can still decide to buy out the car or not....
the months/year i spent (pay) a certain amount of money (in terms of lease) i can also use my 100k€ and invest it.....get more than immediately tranfer to the dealer. And, after 3y, i can still decide to buy out the car or not....
#18
Drifting
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I lease and buy, I have a company and have two company car leases that get written off in full when itemizing deductions - simply a no brainer. Although I have "private" cars that allow for that kind of write-off, since these deduction can flag you for an audit depending on your profit/operating costs ratio.
#19
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I think as long as you don't exceed the mileage, lease makes sense on so many levels. Lower monthly payments = more money invested conservatively with good returns. Accident to the car = return at the end of lease (ask me how I know). Won't be quite as paranoid about every knick or chip. Also, option to buy and add CPO at end of lease.
I know some people are still old fashioned in the mindset of buying everything cash...more power to you...but just because you can afford it doesn't mean you should put all your money in it.
I know some people are still old fashioned in the mindset of buying everything cash...more power to you...but just because you can afford it doesn't mean you should put all your money in it.
#21
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I lease and buy, I have a company and have two company car leases that get written off in full when itemizing deductions - simply a no brainer. Although I have "private" cars that allow for that kind of write-off, since these deduction can flag you for an audit depending on your profit/operating costs ratio.
#22
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I was thinking of having them do a sample lease, and then decide if I want to just buy it. I know you can negotiate the cap cost, but can you also negotiate on the money factor or other variables that the dealer/Porsche makes money on?
J
J
#23
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I think leasing only makes sense when the payments are deductible or when the money factor and residual are heavily incentivized. BMW occasionally does this. I'm not aware of Porsche doing this.
#24
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I've always wondered about this too. Plus, I never want to appear too flashy or too successful ( pick a word) in front of my customers, colleagues, and employees. I fly under the radar. Works for me.
#25
Drifting
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My clients know that I'm a car fan, no secret there, and all my clients do fairly well anyway. With the way I bill and what they do it hardly matters.
#26
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#27
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Money factor. Negotiable to buy rate
Residual not negotiable
Lease fee negotiable to buy rate
Doc fees depends
Everything else is negotiable.
You want high residual and low money factor. Porsche mf typically suck so they don't lease well. opposite of BMW who practically give the cars away for leases.
#28
Drifting
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I had an accountant once who always said "leasing is a poor man's financing". I've done it in the past, and there are goods and bads about it. I think the important thing is to educate yourself and understand exactly how a lease works and then make your own decision. There are some gotchas. For instance, in my state, if you want to sell your leased vehicle to someone else, you have to first buy it from the leasing company, get it titled in your name, and then sell it. This means paying sales tax on the transaction. It's much easier to just trade it in. They do this on purpose, I'm sure, to encourage us to use dealers rather than private party sales.
Other gotchas include fees to buy the lease, fees to terminate the lease, interest rates disguised as money factor, etc.
#29
Drifting
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Cap cost reduction is down payment. Negotiable
Money factor. Negotiable to buy rate
Residual not negotiable
Lease fee negotiable to buy rate
Doc fees depends
Everything else is negotiable.
You want high residual and low money factor. Porsche mf typically suck so they don't lease well. opposite of BMW who practically give the cars away for leases.
Money factor. Negotiable to buy rate
Residual not negotiable
Lease fee negotiable to buy rate
Doc fees depends
Everything else is negotiable.
You want high residual and low money factor. Porsche mf typically suck so they don't lease well. opposite of BMW who practically give the cars away for leases.
#30
Drifting
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Thread drift warning -- Spyerx, your wheels look amazing with the silver car in your profile. Can you point me to another thread or place where I can see larger and more pics of this arrangement? Never considered gold wheels on silver but I'd like to file it away for later.