View Poll Results: Do you own or lease your Car?
I cut a check for it all!
67
59.82%
I will own it someday, I am financing it.
32
28.57%
Too much for me, I'm just leasing it for now.
13
11.61%
Voters: 112. You may not vote on this poll
DO you own your car?
06-29-2005, 03:47 PM
#1
Intermediate
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DO you own your car?
Now I know not many people can cut a check for $100K so I was wondering how many of you guys actually own your 911 and how many of you simply lease it.
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06-30-2005, 06:56 PM
#11
Rennlist Member
Originally Posted by merbesfield
Cut a check for some and borrowed the rest. Money is too cheap and it is a right off for my company.
06-30-2005, 08:19 PM
#12
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Join Date: Jun 2005
Location: New York City
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If I could have put it on a credit card and gotten miles for it, I would have paid for it on the spot. Since I couldn't, I have better uses for that money while it make payments.
07-01-2005, 02:32 AM
#13
Own it.... about 4 weeks before delivery I started bringing "bit and peices" (checks for 15K, 10k, 20K) because I just couldn't bear cutting one for 92K in one shot. Sold my 2002 M3 for 40K about 2 weeks before delivery (dealer would of taken the M3 for 36K as a trade-in if it didn't sell by the time the 997S arrived) so when the car arrived I brought the final check(around 10K -15K to cover taxes and a small balance) and now I own it. I've never leased a car in my life but then again it would be tough convincing the IRS that I purchased a Porsche 911 sports car so I could haul around painting equipment and give estimates (to write-off the lease as an expense). Keeping my fingers crossed that it doesn't "tank" on me too much down the line and plan to hold on to it for at least 4-5 years (never kept a car more than 4 years so we'll see about that). To me its worth every penny!
07-01-2005, 10:02 AM
#14
Burning Brakes
Join Date: Aug 2003
Location: Toronto, Canada
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I owned mine before they were both stolen...hahaha...anyway I may lease the new cayenne as I can now write it off to my company..sweet. Mine however would be a tough sell to the tax man..
07-01-2005, 07:33 PM
#15
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Join Date: May 2005
Location: California
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There are advantages to leasing a car, if you don't want to keep it that long. Although I don't lease my 997 - all of our other cars have been leased. Its nice to just "get rid of them" after 2 or 3 years.
I would think that the best place to invest $ is in real estate, not a car. This seems especially true out here where lots of people are doubling ther investment every 4 or 5 years.
I would think that the best place to invest $ is in real estate, not a car. This seems especially true out here where lots of people are doubling ther investment every 4 or 5 years.