Why is my car not selling?
10-29-2018, 01:46 AM
#91
Nordschleife Master
I get the benefit of this. Lease it, abuse it and then return a beat up car to the dealer when the lease is up. But why do a lease to own on a dedicated track car instead of a clean lease? All I can think is that there's a disclaimer prohibiting track use on a regular lease. Something like...."you can lease it but you can't track it. If you do, the lease is null and void and converted to a purchase contract. If you still want to lease, track it and trash it all you want, you can do that but when the lease is up, you're not returning it to us. You're buying it." Not sure what the benefits are with this vs. a regular purchase but I'm guessing it's tax related.
10-29-2018, 06:39 PM
#92
Evey lease is the same. There is a residual value at the end of a lease and you either pay the residual or return the car. If you know you want to buy out the car in the end you might up the monthly lease payment to reduce the residual. Its pretty basic.
10-30-2018, 02:21 AM
#93
Nordschleife Master
Originally Posted by WantA997 
^ New Porsches lease horribly. My GT3, however is leased (structured as a lease-to-own) and I'll also lease my incoming RS (again, as a lease-to-own).
^ New Porsches lease horribly. My GT3, however is leased (structured as a lease-to-own) and I'll also lease my incoming RS (again, as a lease-to-own).
