Lead Lap
Quote:
Originally posted by jk335
tfischer: are you really asking for a debate on leasing? Is what this whole thread was about.
Flame shield on...
1. Leasing is a write off when you own a private enterprise. Tax advantages can be worked into the equation. I am now refering to my old tax law book, I'll look this up for you and prove it on a legal level if you would like.
2. A car that lasts 15 years is going to have a heck of a lot of repairs and service. We had a 1995 SC400 which we kept until 2000. great car, expensive to repair... Leasing lets you out of those problems earlier. Sure the car will go 100,000 miles, but after that, if a car starts to break, tires wear out, belts need to be replace, its not rocket science to figure out the bills will be high. Check Lexus prices for maintainence...ouch.
3. I disagree with your point about residual value. You have forgotten one important peice of the puzzle...money factor...thats whats making this lease so attractive. Lexus for oct has a great MF on this car.
4. Wear and tear with Lexus....they take cars back with scratches, bumps and all sorts of fun things. You can literally drive a car the way you want, and the dealer will always want to sell a new car. Believe me, little stuff, they just don't care as much as bmw, or Mercedes on trade in.
5. The person who leases 31000 worth of a depreciating asset might be one who....a. enjoys a new car every three years. b. does not want the hassle of fixing/ upgrading a car. c. Might buy the car at the end, and still come a head if its sold for a better profit. After 3 years, if that car is worth more than 33,000, and its bought and sold to someone, a leasor may make his money right back.
Schools of thought usually refer to different methods of living/paying for things. Nothing to do with Mathematics. By the way though, back in college years ago, I was great at Calculas, so I think I can handle this stuff..
Flame shield off..
Anywho, lets quit quibbling about leasing and get back to the conversation of SC430, a great car in its own right...
Originally posted by jk335
tfischer: are you really asking for a debate on leasing? Is what this whole thread was about.
Flame shield on...
1. Leasing is a write off when you own a private enterprise. Tax advantages can be worked into the equation. I am now refering to my old tax law book, I'll look this up for you and prove it on a legal level if you would like.
2. A car that lasts 15 years is going to have a heck of a lot of repairs and service. We had a 1995 SC400 which we kept until 2000. great car, expensive to repair... Leasing lets you out of those problems earlier. Sure the car will go 100,000 miles, but after that, if a car starts to break, tires wear out, belts need to be replace, its not rocket science to figure out the bills will be high. Check Lexus prices for maintainence...ouch.
3. I disagree with your point about residual value. You have forgotten one important peice of the puzzle...money factor...thats whats making this lease so attractive. Lexus for oct has a great MF on this car.
4. Wear and tear with Lexus....they take cars back with scratches, bumps and all sorts of fun things. You can literally drive a car the way you want, and the dealer will always want to sell a new car. Believe me, little stuff, they just don't care as much as bmw, or Mercedes on trade in.
5. The person who leases 31000 worth of a depreciating asset might be one who....a. enjoys a new car every three years. b. does not want the hassle of fixing/ upgrading a car. c. Might buy the car at the end, and still come a head if its sold for a better profit. After 3 years, if that car is worth more than 33,000, and its bought and sold to someone, a leasor may make his money right back.
Schools of thought usually refer to different methods of living/paying for things. Nothing to do with Mathematics. By the way though, back in college years ago, I was great at Calculas, so I think I can handle this stuff..
Flame shield off..
Anywho, lets quit quibbling about leasing and get back to the conversation of SC430, a great car in its own right...
AMEN
I concurr.
'nuff said on the leasing thing.
Next item up for discussion: When did "Nip/Tuck" jump the shark?
'nuff said on the leasing thing.
Next item up for discussion: When did "Nip/Tuck" jump the shark?
tfischer : what color combo SC430 do you have by the way?
JK:
I got the glossy black with the white, excuse me, the ecru interior.
This is a 2002 model purchased in April 2001, about 2 weeks after the cars went on sale. I had been on the waiting list for 18 months (#15 at my local dealer), and by the time I picked up the car, the waiting list had 150 names. Prior to accepting this car, I passed on two others (one silver, one black with saddle). This one still gets a lot of attention, especially when parked with the top down.
Post a pic of your new one when you get a chance.
I got the glossy black with the white, excuse me, the ecru interior.
This is a 2002 model purchased in April 2001, about 2 weeks after the cars went on sale. I had been on the waiting list for 18 months (#15 at my local dealer), and by the time I picked up the car, the waiting list had 150 names. Prior to accepting this car, I passed on two others (one silver, one black with saddle). This one still gets a lot of attention, especially when parked with the top down.
Post a pic of your new one when you get a chance.
>There are no different schools of thought when it comes to math, except maybe in public schools, where we all want to feel good about our answers, whatever they are.<
LOL
LOL
