Lease a Ferrari?
As a business owner I was recently told that my life long dream of owning a Ferrari could be realized if I considered leasing. For me the decision could be a win - win. After finding the automobile of my choice I would enter into a agreement with a leasing company under these terms: I would pay a initial fee and finance half of the agreed, current market value, of the car. The second half would come due at the end of the agreement (5 -10 years) later. The proposition sounds great the advantages are...
1. Driving my dream car and still being able to buy the family Christmas presents each year.
2. By using a lease it could reduce my companies monthly income and writing off the loan interest.
3. At the end of the lease I could turn in the car or refinance the remainder of the loan.
My dream has recently back fired when I started to read posting about the "cost of ownership" associated with Ferraris. I am depressed, to say the least, when I read about the tremendous amount of money the maint. / repairs would cost. Unless I hear anything to the contrary I may find new energy being a current Porsche owner.
Signed, Depressed
