oneolddog wrote:
I have a 1999 Ferrari 355 Spider that I bought new. I know the guys at the dealer well. They tell me that almost every single buyer pays cash and that it is very unusaul for anyone to lease or finance. I bet that this guy doesn't owe a cent on any of his toys.
Adam from Vancouver, BC.
May be true, but I have known of a lot of rich people who do lease luxury cars. Many of them didn't get rich by throwing their money away, but many of them do like a new car every two or three years. So even if you can afford to pay in cash, if you're just going to get rid of it in three years it may actually be a better deal to lease versus pay cash.
My wife likes a new car every few years and I've found if you do that leasing is the way to go.