Cash, Straight Finance or Lease 08 GT3?
#31
Lease if you want to write off as much as possible to a business. Nothing else even comes close. My problem is that I always trade too soon and loos the money on early out fees +/- 2k. If you are not writing off and following through the terms, leases suck.
Best finance rates are around 7 on a Porsche. You are probably not making even close to that if the money you are talking about is truly in cash form. Probably more like 4 on a good day.
I think the smart thing to do is buy the car cash. You seem to think about things enough, so I am sure the rest of your life is in order. After all, like I said previously if something goes wrong you can re-finance the car with a local bank to pull some immediate cash.
I don't always follow the advice, but pay cash for items that depreciate and finance those that appreciate.
Best finance rates are around 7 on a Porsche. You are probably not making even close to that if the money you are talking about is truly in cash form. Probably more like 4 on a good day.
I think the smart thing to do is buy the car cash. You seem to think about things enough, so I am sure the rest of your life is in order. After all, like I said previously if something goes wrong you can re-finance the car with a local bank to pull some immediate cash.
I don't always follow the advice, but pay cash for items that depreciate and finance those that appreciate.
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Feelgood MD
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