| Author |
Message |
Paul (Pcelenta)
New member
Username: Pcelenta
Post Number: 50
Registered: 7-2002
| | Posted on Sunday, August 04, 2002 - 11:13 am: | |
There was definately a ton of money put into this car at some point...not entirely sure who did it...I suspected that there might have been some kind of laundry scheme between the guy and the repair shop...
Mike, how was title transfered if technically the car was owned by the leasing company... |
Dr Tommy Cosgrove (Vwalfa4re)
Junior Member
Username: Vwalfa4re
Post Number: 207
Registered: 5-2001
| | Posted on Sunday, August 04, 2002 - 10:45 am: | |
I bet he didn't put the 40K into it. He lied about everything else. I am sure this is false as well. |
Mr. Doody (Doody)
Member
Username: Doody
Post Number: 352
Registered: 11-2001
| | Posted on Sunday, August 04, 2002 - 10:05 am: | |
you have no right to sell when you are leasing. however, people routinely negotiate sales, buy out the lease, and then sell the car.
some people lease every car they own for tax reasons. if you can funnel things through your company or the like you can deduct it. it ends up being a nice tax dodge.
it is not terribly smart to put money into a leased car, generally speaking. but i've seen weirder stuff.
odometer tampering should be a more frequently prosecuted crime.
doody. |
Mike C (Concorde)
New member
Username: Concorde
Post Number: 1
Registered: 8-2002
| | Posted on Sunday, August 04, 2002 - 10:01 am: | |
Most leases give you the option to purchase the car at the end of the lease for a certain price. I had a Toyota Cressida that had a street value in excess of the buyout value, so I pre-sold it instead of turning it in at the end of the lease. The guy bought it for the buyout value plus $2000 to me. |
Paul (Pcelenta)
New member
Username: Pcelenta
Post Number: 49
Registered: 7-2002
| | Posted on Sunday, August 04, 2002 - 9:54 am: | |
In light of this Chris scam thing...I was wondering if any one has ever heard of selling a car that you lease...about 2 years ago I was contacted by someone who found out through the grape vine that I was looking for a 246 gts...he described "his" car which sounded great (22k miles) but was way out of my price range ($120K)...said he paid $65k for the car and had another $40k in receipts and was the second owner...saw the car and it was really a fine looking car...just way to expensive...this guy called me at least 3 times a week asking me to make him an offer....he even said he could get me the financing/lease on the car...lease? I said...
"yeah, I never buy my cars" he replied...hmmmm? something just didn't seem right...I check the car with the dino registry which showed about 6 owners and last registered milage of 65,000 which was a real turn off. my question, why lease a vintage ferrari? why dump $40k into a car that you don't technically own? what right do you have as the leasee (leasor? forgive me I'm not an attorney) to sell that car? |