The Huracan replacement will launch after the Aventador replacement so my guess is the H replacement will most likely be shown in 2023, first deliveries in 2024. Early cars will be MY24 similar to the early Huracan's delivered in Europe which were MY14.
True but based on what the CEO has indicated what the timeline is for the replacement of both cars I would say the Aventador replacement deliveries will start in 2023.
not going to turn this thread into a leasing discussion, but I’m happy to refer you to a CA company with minimal fees. Designing your own lease can have benefits. You are welcome to PM me.
if you can earn a better return with your cash, better to borrow at cheap rates. Doubly good on something you are only keeping a year or two, as the sales tax savings is massive (Based in how it works in CA). Long term car that you will keep forever? Different story. As I said, all depends on scenario. People who say “always pay cash” or “always finance/lease” are equally both wrong. My favorite are the ones that say, “if you didn’t pay cash that means you couldn’t afford it”. Yeah….congratulations, I just automatically stopping listening to anything you think you know about finance. Everyone’s situation is different, and assuming one size fits all means you probably don’t understand how other strategies work.
This is shaping up to be a “how to buy a car using money you dont have” thread. Dusty/Foxy seems very knowledgeable on this topic I note LOL! He could offer his services as Fchats financial advisor! Probably answers for why the cars are never driven or held for very long and need be liquidated before the loopholes expire and taxes need to be paid. So much for wanting to discuss cars lol!
Ofcourse every situation is different. I’m just speaking for myself. So I buy a 200k car and fianance it so I can invest the difference. I still need to put money down and foe the sake of this discussion let’s say I put down 50k and finance 150k and put that 150k in the bank. What realistically is that going to earn me? 6% a year? But my financing costs me 3%. Whoopee I made 5 grand. Like I said I know every situation is different but for me- the peace of mind of no debt, no payments to deal with and knowing I own the car far outweighs the small amount I could have made investing the difference. Ofcourse if you have needs for those funds, different story but as a general rule, for my situation, I try not to finance and leasing doesn’t work for me. YMMV. Debt is fine when used smartly but being debt free is is priceless.
Im with you here Socal. Nothing wrong with borrowing on a car but a car is a depreciating asset so unless you can claim back your losses such as say what you can do with a company work related vehicle then why do it. Better to borrow money to purchase appreciating assets or business related assets where there are clear tax advantages.
Here’s some pointers on using debt sensibly. https://www.ferrarichat.com/forum/threads/how-rich-americans-live-off-their-paper-wealth.644709/
There are a lot smarter people than me when it comes to finances. I’m just a dumb immigrant who scraped together a few nickels to be able to buy a few nice things for myself. I’ve been in debt. Where I bought stuff thinking oh it’s only x dollars a month, I can afford this. Till you have 15 x dollar payments a month and wonder where your money went. Im happy being conservative because it works for me. I know my situation doesn’t apply to everyone.
some of us do a lot better than 6%. just comes down to individual needs and tastes, as you mentioned. And obviously personal tax situations. Glad to see you don’t generalize.
Nothing wrong with debt so long as the debt is making you money. These cars dont make you money - they lose you money. The top financial advice i use to steer my businesses finance affairs has never advised that leasing cars of this nature is a wise thing to do. But then ive also never been comfortable living in a house of cards either. No substitute for expanding ones portfolio of bricks and mortar as a solid capital base. These cars are toys and should be treated as such financially to where you dont feel any impact anywhere. Now where were we? F8 or Sto? Or we can go on a Fox hunt! Foxy is still on the run i see! Tally Ho!
Absolutely. Debt is great when used properly. I’m just talking about debt foe toys. Depreciating toys.
Shadow has it correct. Doesn’t matter if the debt is against a car, a business, or a house. All about how the overall plan is structured, what the end goals are, interest rates, tax situations, etc. In many circumstances it would be silly to have a large debt against an automobile (especially an exotic that is depreciating)….except the times when it isn’t. full disclosure, this is literally what I do for a living (but not with cars, think instead about a more unmovable asset). So it’s sadly a topic I can debate for way too many hours. there are many economists, financial planners, etc that feel inflation is coming - and locking down cheap financing while deploying cash into assets that will appreciate is the way to go. I don’t see that happening, but it is one school of thought.
Funny I’m exactly the opposite… ever since med school I’ve had debt … [emoji1745] Sent from my iPhone using Tapatalk
So did I. Till I didn’t. It feels good to be debt free of dumb debt. Leveraging smart debt is smart. I do it all the time but I try to avoid dumb debt however you wanna define that.
oh, I see dumb debt ALL the time. Personal loans at high rates, massive credit cards, that boat they just had to have but never use (although boats are appreciating right now like exotics, go figure!), that ring they are still paying off 4 years later. IRS installment payments because they couldn’t pay their taxes owed, that’s far more common than you’d think….and not just self-employed people. Truly amazing sometimes. Avocado toast and daily lattes are the least of the issues, it isn’t going to solve these spending habits. Being in a high cost area, seems everyone has a 1k car payment but owns no real estate and has no savings. I shake my head.
Been there done that. Hence my philosophy of being a little conservative to a fault. As long as you have the assets and the brains to manage your debt- use it to your advantage like you do. I do what I can to be smart with leverage the right things but just am overly cautious when it comes to toys.
I’ll share a story. I know a “friend”. Owns a couple of hyper cars. I mean hyper- million plus each of them and also some “pedestrian” super cars. Financed every single one. Probably has 25-30k a month in car finance and lease payments if not more. Dumb debt.
