Leasing.. $500/month. Real? | FerrariChat

Leasing.. $500/month. Real?

Discussion in 'Ferrari Discussion (not model specific)' started by Raspberri, Mar 18, 2019.

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  1. Raspberri

    Raspberri Rookie

    Mar 18, 2019
    16
    Portland, Oregon
    Full Name:
    Nina Andrew
    Hey everyone,
    If I lease a 6-year-old $150,000 Ferrari for 3 years, how much would I pay a month?

    Using it for a business 100%. Will tax write off.

    Has anyone done this?

    Depreciation would be about $5000/year. Right? That's what I pay for on the lease.
     
  2. paulchua

    paulchua Cat Herder
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    Jul 1, 2013
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    I think viprit77 has the exact answers for your questions, if you can't get in touch, also try Steve Stevnes.
     
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  3. Raspberri

    Raspberri Rookie

    Mar 18, 2019
    16
    Portland, Oregon
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    Nina Andrew
    Sorry I'm new here. Are they members here?

    So it is possible?
     
  4. absostone

    absostone F1 Veteran
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    Jul 28, 2008
    9,274
    #4 absostone, Mar 18, 2019
    Last edited: Mar 18, 2019
    with how much down though? that cant be real., its not a 50k car
     
  5. absostone

    absostone F1 Veteran
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    Jul 28, 2008
    9,274
    im using a calculator on Merlin group website and a 150k car for 36mo. with 5k down at 8.9% is $4604 mo. so I was hopefull for 1.5 seconds, sorry.
     
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  6. arizonaitalian

    arizonaitalian F1 World Champ
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    Oct 29, 2010
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    Wyoming
    W....T....F?
     
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  7. absostone

    absostone F1 Veteran
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    Jul 28, 2008
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    ferrari would never sell a car! a honda would be .18 cents a month
     
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  8. thorn

    thorn F1 Rookie
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    Aug 7, 2012
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    avanzino, ZA3879, anunakki and 4 others like this.
  9. absostone

    absostone F1 Veteran
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    che Testa di Minchia questo ragazzo
     
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  10. Raspberri

    Raspberri Rookie

    Mar 18, 2019
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    Nina Andrew
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  11. absostone

    absostone F1 Veteran
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    Jul 28, 2008
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    scuzzi una Donna
     
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  12. absostone

    absostone F1 Veteran
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    Jul 28, 2008
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    Raspberri you like the Ferraris ? me too but unfortunately 500 a mo. wont get any of us there. I wish it could but the cars are out of reach for most people now a days. Good luck to you
     
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  13. Glassman

    Glassman F1 World Champ
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    100% write off?????? I think the IRS will feel differently.
     
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  14. paulchua

    paulchua Cat Herder
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    Here is the links to their posts

    They too are thinking of getting a Ferrari.

    But..

    I’m thinking really you should meet my friend from Nigeria. He has a business proposal for you that will allow you to purchase the car outright.
     
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  15. Flash G

    Flash G Three Time F1 World Champ
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    Jun 24, 2006
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    As close as you're gonna get... to a Ferrari for $500 a month.

     
  16. F355 Fan 82

    F355 Fan 82 F1 Veteran

    Jul 22, 2006
    9,063
    It can be done with a giant balloon at the end if you have great credit, I don’t know about $500 but can be done cheap under $1k but even so good luck with a $500 Ferrari, these cars are finicky I did the math mine was $1100/mo in just repairs last year....premier financial does leases for these things. You can write it off if you can prove it’s business use, the dealer I got mine from told me a pizza shop owner wrote his off and got audited and proved he needed it to join the Ferrari club and host weekly get together for business, sounds dumb but he said it worked.
     
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  17. F355 Fan 82

    F355 Fan 82 F1 Veteran

    Jul 22, 2006
    9,063
    you can get a $50k 360 Modena for $500/mo easy. Just all how it’s structured $500/mo for 48 months and a $40k payment at the end
     
  18. henryr

    henryr Two Time F1 World Champ
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    i guess it could be $5000 a yr

    of the residual on the lease was $150k.... ;)

    who is writing closed end leases on used ferraris ?
     
  19. paulchua

    paulchua Cat Herder
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  20. Raspberri

    Raspberri Rookie

    Mar 18, 2019
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    Nina Andrew
    When you say, "premier financial does leases for these things"

    And you went through my entire profile to post this.
     
  21. Cigarzman

    Cigarzman F1 Veteran
    Owner Rossa Subscribed


    Apparently and welcome to Fchat.
     
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  22. WLFerrari

    WLFerrari Karting

    Mar 17, 2017
    91
    Northern California
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    Wayne
    That’s redicolous. A $75k bmw will cost you $1000 a month.
     
  23. F355 Fan 82

    F355 Fan 82 F1 Veteran

    Jul 22, 2006
    9,063
    I mean they will draw up a lease on a classic car. They will also give you a big balloon at the end. $500/mo is doable for a Ferrari, not a $150k one but a 360. Repairs will be separate.
     
  24. paulchua

    paulchua Cat Herder
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    #24 paulchua, Mar 19, 2019
    Last edited: Mar 19, 2019
    ..and you actually still responded. At least you are shameless, that's going to help quite a bit in your endeavors. I don't mean that facetiously either.

    By the way, it wasn't me that ''outed" you, it was thorn (see above)

    For more great responses to his query, check out the Reddit thread.
     
  25. paulchua

    paulchua Cat Herder
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    Agreed, but the OP has his eye on a 150k car to market his new SEO business.
     

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