Just for fun found someone who would lease a brand new Carrera GT. Here are the details:

Selling price $445,000.00

10% down

$6705 x 60 months + add your state sales tax to payment

5,000 miles annually

Residual $120,000.00

Now if I can just figure out how to make this work!

 

Ouch!

 

id rather buy it lol...

lets say 445k plus tax -10% down at 5% the mo. payment will be 8,390 for 1,600.00 more id rather own it than lease it



lol

 

or you could buy one damned near new for 350,000, pay about 7,000 a month for the same 60 months and OWN it rather than OWE 120,000 at the end...

 

Hey Sean, you comin Saturday?

 

why would you lease that car ?
also check with the guys who advertise in DuPont, I think I've seen way lower payments than that

 

Does that residual get anyone's attention? If you do the math, the car is worth 26.97% of it selling price in 5 years. Let's say you bought a 996tt at $120,000, in 5 years is that 996tt turbo going to be worth 32K? I thought the rarity alone would help this car hold it's residual better???

Am I missing something here? With that type of depreciation, it would be better not to buy or lease and wait 5 years for a low mile garage queen.

 

I agree after looking at a purchase option it would make alot more sense to but it.

 

5 years is a long time to wait...

 

I agree, but at a $325,000 loss, or $65,000 annual loss, plus annual payments of $84,000 (@ $7,000 month), that makes your annual cost of the car, less insurance, @ $149,000 per year for the car.

I love the car and would love to own it, but I don't think that I want it that bad.

 

car is a not an investment. as long as u have fun then it's worth it. it'll never make sense if u looking at a money's perspective. glad u don't think that u want it that bad. more power to u.

 

Come on.... If anyone buys things for the fun of it, I do. I never said it was an investment, I own racecars for goodness sake!!!!
You do have to draw a line at common sense! My main point is how low the residual is? I would have thought the leasing company would have put a higher figure on it.

 

i guess u can see my point of view. leasing company is killing those cars thurs the buyers. what make sense? none. only downside buying it cash is the state sales tax. at least u own it & don't have to worry about payment & residual value. i'd say make sense if lease it for a short period of time otherwise if one plan to keep it for the entire term then leasing is not the way to go.

 

I think the $84K lease payment covers the $65K depreciation. Would that change your mind??

 

i agree u buy it for driving it.. i mean drive it ud otn have to drive it hard.. as long as u enjoy driving it every single weekend..