To each his own.

I know a lot of people who don't want to buy a 3 year old Porsche and "keep it forever."

Tax and write off nonsense aside - it's simple: If you want to drive a brand new car every 2-3 years, and CAN afford to do so - lease.

If you're all about economics, saving money and driving a P-car for the cheapest possible price - buy a 3-4 year old car and drive it for forever.

There's nothing wrong with either argument.

 

Mazatlan;2458575]To each his own.

I know a lot of people who don't want to buy a 3 year old Porsche and "keep it forever."

Tax and write off nonsense aside - it's simple: If you want to drive a brand new car every 2-3 years, and CAN afford to do so - lease.[QUOTE


This is precisely the type of capricous buying philosophy which takes those who have wealth and pull them into debt . In my opinion , just because one has money does not mean he ought to throw it away . You call it "nonsense" . I call it evaluating all aspects of a purchase.


[/quote]If you're all about economics, saving money and driving a P-car for the cheapest possible price - buy a 3-4 year old car and drive it for forever.

There's nothing wrong with either argument.[quote]

NYCPCAR did save money in his last Porsche and now he is even thinking about savings going into his next one . He didn't drive it forever but kept it long enough and bought it used to hedge that cost with such excellent financial coordination that he really benefited . Bang for the buck it cost him less to own that C4S cab than had he leased a Toyota .

 

"Nonsense" was referring to "write offs and tax benefits for leasing" hence your complete misinterpretation of the post.

There's NOTHING wrong with leasing new vehicles every 2-3 years. Leasing a car is not "throwing" away money. I call "tax benefits" and other lease-associated write offs "nonsense."

I personally have leased dozens and dozens of high-end luxury cars over the years and have not once had a car that I wanted for more than 3 years. Sure, I've had vehicles which I've been in love with but in that case, I just went ahead and got the new model of that car after three years of driving the previous model.

 

There is no misinterpretation (Your original quote " Tax and write off nonsense aside - it's simple: If you want to drive a brand new car every 2-3 years, and CAN afford to do so - lease")

His point was a valid point . He still was able to beat the writeoff and he had the car two years and expressed that he saved .

In fact the independent high end used car lots of Florida/California/Chicago/etc have expanded the concept and made extrordinary success . Their most valued customers are guys (mostly business owners) who like to change used cars every six months . The first owner takes the depreciation. The prices are lower and the cars are not CPO but guys who trade often don't keep the car long enough to worry about reliabilty as much as long term buyers. They pay less than leasing and can be fickle.

Even if the buyer simply walks into a Porsche dealership and buys a car , keeps it for two years and sells it . He is ahead of leasing because he not only must remain healthy, and business stable , and be tax logical --he has to like that car to even want to keep it two years .

If the business fails .
If the lesee is deceased .
If the tax base is irrational .
If the car has a huge problem on day one .
If the lesee simply dislikes the car .
If another expense comes up.
He is commited to the contract on THEIR terms . Not his.

You want that type of risk exposure ? Or do you just see the two year immediate gratification ?

No aspect of any financial decision is ever "nonsense". Unless one simply likes losing ("throwing away") money .