A good buddy of mine looking to lease a F360 immediately. If you guys come across any hot lease deals, please reply to this post!

Thanks,
Stephen

 

i dont think there is such a thing as a hot deal on a lease when an exotic is involved. the best thing to do is find a good car at a great price and then speak to premiere or woodside credit etc, and see what they can do. he will be better off doing the 144month financing, I have yet to see a lease on an exotic that made sense. it would be very difficult justifying the ferrari as a tax write off for business so he might as well look for creative financing that will reduce his out of pocket expense and payments.

 

Exotics rarely make sense dollar-wise... but, when you gotta have it, you gotta have it! He's just looking for low monthly payments on a F360.

BTW, are most car leases interest front-loaded like home mortgages... where you are paying mostly interest up front? I had a Putnam lease, and that's how it was.

 

I think the best thing for him is to look into the 144 month financing.

 

is he able to afford maint? no offense but if there is no cash in the bank, it's best to wait.

 

He's a physican and money isn't the issue... he's wants to give the F360 a spin, but wants to keep his budget on the lower end of the spectrum b/c he prob won't own it for an extended period, that's all. And he's previously owned a F355... so, he knows ALL about F-car maintenance, lol!!

Anyways, IF anyone comes across a good deal on an '00~'01 F360, please post here. Thanks... Stephen

 

Call Putnam Leasing, they will get u an awesome deal (for an exotic of course) unfortunately exotic leases only allow 5k miles annualy....

 

144 mo financing! I have never heard of such a thing? What are the vehicle requirements for something like that?

 

Problem is he will get killed getting out of a lease short term. The way a lease works is you are only paying deprectiation and interest for the term of the lease. The payment of these two is determined by 2 factors

1-residual value = vlaue at end of lease term i.e. what you could buy the car from them for or they think they can sell it for, usually overestimated to the higher side

2- money factor- lease do not work on interest rates they work on money factors and leasing is always the less expensive alternative to a finance as the money factor rates are usually very very cheap compared to the current interest rates on car loans.

 

My dad is selling his 2000 360 F1 red/tan shields 11k miles.
Asking 119,000

Send me a pm with your email addy if your friend is interested and I will send pics and more details.

 

I pay $3,000 on a 48mo lease with $6,000 down on a $175k car....with 5k miles per year and a buyout of $100,000 the payments would have droped substantially had I done a 60mo lease....

 

I really laughed out laugh. Funny **** bro +REP.

 

But serioulsy, is there such a thing as 144 mo financing?

 

there sure is.

 

Intersting. What is the car criteria? What else do they need besides a good credit score and income to back up the purchase? Who does it?