Leasing.. $500/month. Real?

It sometimes works out but don’t count on it my slr I paid $182k for and traded it for $240k so occasionally it happens

 

I didn't know we let shoeshine boys and dancers on FerrariChat.

 

You will learn that to most people , you owning a Ferrari is an insult to them. JEALOUSY believe it or not. I wouldn't worry about a car as a marketing tool. the car should be for you. not to attract business or impress others. let other people your age live it up and look Big. Down the road they will be broke but you will be established. Ive seen it my whole life

 

A classy response I must say sincerely.

In full seriousness, what you should do is focus on your studies. Finish your degree and get your credentials so you have a 'back up', you can still follow whatever business plan you have your heart set on in parallel. Having your main profession as a fail-safe means you won't starve. The dental profession can be quite lucrative so I have no doubt this will allow you to get a Ferrari.

If you are still serious about the razzle-dazzle angle, this is probably not the best forum to get advice.

I wish you the very best.

 

everything you said is correct except that no one can recommend anything that will work for YOU in my opinion, You will chose what works for YOU. We all get what we want in life mostly, but it wont come in the way we envisioned it. Make sense? I never went to high school or college and was making upper lower 6 figures for a few years, Ya know why? cause I just went to work with a duty to be better than anyone else. As far as finance I have no clue. Oh and btw don't spend on crap u don't need. Ya know why? Cause you don't need the newest latest and greatest tech, coffee , whatever it is . 26 becomes 36 becomes 46 faster than your mind perceives 10 yrs of time. and when you are 36 you will look back at the pile of stuff you bought that you really didn't need. So yea, ive seen my 20 yr old employees buying crap they didn't need. And now that I closed one end of my business and the guys are on their own, they call me and tell me I was correct yrs ago about not spending on what you don't need. It was fun watching my bank account grow when I was in my 20s. But money is not everything. At least to me. But man it does make life easier, that's it

 

Trust me because I know what I'm talking about, buying an everyday exotic is NEVER a "good financial decision".

 

You are adorable. I just want to scruff your hair up and give you a lollipop

 

150k roughly 2k a month with 40% residual and 10% down with Putnam and good credit


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Think again . They let me in .

 

What I would say is that it’s totally possible to lease under business name: I have done it without having to do anything shady. Sometimes ppl just don’t know: track and prove ur business mileage and u can expense that part.


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Why do you want a Ferrari? Or a Lotus Exige? Do you like cars or is it to promote a seo business that it seems does not exist yet?

 

$499 a month -- which when done is really $750 a month

 

So I have to ask...if you are just looking for a ferrari for "marketing", then why are you insisting on a $150k car? Let's be honest, most people wont know the difference between a $200k 458 and a $55k 360, even a $45k 348. There are banks out there that specialize in exotic car loans, even terms 10-12 years. Obviously those aren't the best terms but they buy the car for the low payment you are looking for, and you won't spend as much, if anything on depreciation since the cars are at or near bottom...of course, it will be an older car, so you will need to be smart about repairs and maintenance. If you can't turn a screwdriver, these cars can eat your lunch and then poop it out on you just for spite. Sooo even if you achieve your $500/month payment, you are better off budgeting for double that to keep it running, insured, etc.

 

Don't buy a Ferrari.

 

So which business would the Ferrari work for? And how would it work? Would you wrap it with the business name and park it or drive around town? Would you rent the car out?

 

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Maybe start here, a 8-10 year old Mercedes Benz S class with 50,000 or so miles on it.
MSRP when new was close to $100 K, you can find these S class in 2 or 4 doors for right around $20-30 K.
I almost bought this one a couple weeks back
Maintaining one of these can be close in cost to owning a Ferrari.
These are the look rich for cheap role models.
You might get away with just oil changes and routine items for 2-3 years, or things could go south for a 5 digit repair bill.
European high end cars can be a blessing or a curse, all in the same week.

 

Rasp, your car financed is NOT going to appreciate.
The loan process will be hard, at this point. Get out of school for 2 years look at at a real income, takes 18 months to be good at what you are doing. Then you have a provable income, they will loan you to your neck.
If you want something exotic buy a used Maserati, it is marketable, I am 2 years out of college working investment banking at 24, bought a 2005 Quattroporte for dirt cheap, pulling it into lunch meetings, I got a promotion, income at 120k a year, my Mas payment financed at 3.1% 60 months is 275 bucks a month, gets attention Ferrari V8. Ride with that, get to where you can make the next move into an affordable car 40-80k, then after a year or two hop into a 100-130k car and your in a really nice car at 30-35 with a wife, and a LOT more expenses.