Never thought of this, but... (Ferrari vs. Porsche leasing)
#46
10-15-2004, 12:36 PM
Originally posted by Holger B
Not to open another can of worms, but the depreciation assumptions many here are using on P-cars aren't always valid.
Here's my real world example: bought my 996 in April '98 for $75k (MSRP), drove it 5k miles/year, sold it in July for $41k (market rate). That equates to 45% depreciation for 6 1/4 years of ownership.
Not to open another can of worms, but the depreciation assumptions many here are using on P-cars aren't always valid.
Here's my real world example: bought my 996 in April '98 for $75k (MSRP), drove it 5k miles/year, sold it in July for $41k (market rate). That equates to 45% depreciation for 6 1/4 years of ownership.
#47
10-15-2004, 01:19 PM
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Leasing is interest on the cost of the car + depreciation + profit. At 7% interest your interest payment alone would be $1400 on a 200K car + depreciation + profit. $2,000 per month sounds about right.
Last edited by Turbo Fanatic; 10-15-2004 at 01:26 PM.
#48
10-15-2004, 02:33 PM
Originally posted by ari
Leasing is interest on the cost of the car + depreciation + profit. At 7% interest your interest payment alone would be $1400 on a 200K car + depreciation + profit. $2,000 per month sounds about right.
Leasing is interest on the cost of the car + depreciation + profit. At 7% interest your interest payment alone would be $1400 on a 200K car + depreciation + profit. $2,000 per month sounds about right.
#49
10-15-2004, 02:37 PM
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#50
10-15-2004, 10:09 PM
Originally posted by teutonictrio
I suppose most Ferrari drivers pay cash anyway...
I suppose most Ferrari drivers pay cash anyway...
Gary
#51
10-15-2004, 10:57 PM
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Location: Dana Point, CA Appleton, WI
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Originally posted by tdf360
Well, like Ben said earlier, it all comes down to what you figure you can earn with your cash. If you can outperform the lease costs, obviously you'd be wiser to lease, even if you could easily pay cash. Other People's Money...
Gary
Well, like Ben said earlier, it all comes down to what you figure you can earn with your cash. If you can outperform the lease costs, obviously you'd be wiser to lease, even if you could easily pay cash. Other People's Money...
Gary
This 'old school' thinking reminds me of another 'old school' argument that has reared its ugly head (and the ugly head of his blonde headed friend, as a matter of fact) concerning what 'real men' drive (and contrary to the very statement is the individual making the statement as witnessed in the photo).
#52
10-16-2004, 12:53 AM
Originally posted by teutonictrio
My business leases my cars because my cash flow does MUCH better reinvesting in marketing and inventory than it does on a car which is a depreciating asset.
This 'old school' thinking reminds me of another 'old school' argument that has reared its ugly head (and the ugly head of his blonde headed friend, as a matter of fact) concerning what 'real men' drive (and contrary to the very statement is the individual making the statement as witnessed in the photo).
My business leases my cars because my cash flow does MUCH better reinvesting in marketing and inventory than it does on a car which is a depreciating asset.
This 'old school' thinking reminds me of another 'old school' argument that has reared its ugly head (and the ugly head of his blonde headed friend, as a matter of fact) concerning what 'real men' drive (and contrary to the very statement is the individual making the statement as witnessed in the photo).
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