Boobernackle What would you expect the lease payment to be on an MSRP of 300k, I assume that's what you would advise is to lease, I'm very ignorant to Leases I've always bought my cars
Please see the lease calculator below and plug in the numbers I quoted earlier: https://leasehackr.com/calculator/ Once again, only you know the true state of your finances, I won't get into that for you as it's not my place to do so. If you do decide on leasing, try to go for a closed end lease just to protect yourself in case anyone were to hit you on the road, (or you hit somebody, etc.) that way you're not on the hook for owning the car and massive depreciation. Once you're at the tail end of your lease, you can buy it to recapture the equity you have paid. So even though your payments may be as high as $5K/month, you will likely end up paying around $2.5K-3K/month when you trade the car in/purchase it later on. My case is different for a reason that I'm not able to disclose. Finally, if you don't have any history with Ferrari Financial Services, they may require a large down payment (could be as high as $50K) for approval, but that also depends how much income you're able to document. Each subsequent car will be a walk in the park from then on. When negotiating any lease, make sure they are giving you the "buy" rate on the interest rate/money factor, this means the dealer will not pad the interest rate for more profit. Example, let's say you qualify for a rate of 5% from an auto lender, but dealer will mark it up to 5.5% without even telling you. Most people will tell me they got "thousands" off a car, yet have no clue what real interest rate they qualified for.
