Anyone use Premier Financial Services here? | FerrariChat
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Anyone use Premier Financial Services here?

Discussion in 'Ferrari Discussion (not model specific)' started by henryr, Aug 12, 2005.

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  1. henryr

    henryr Two Time F1 World Champ
    Silver Subscribed

    Nov 10, 2003
    22,414
    Atlanta
    Full Name:
    Juan Sánchez Villa-L
    #1 henryr, Aug 12, 2005
    i'm looking at a new toy and i am only considering leasing for:

    1) the potential tax savings
    2) the sales tax savings as i do not intend on keeping the car very long and i rather not GIVE the gov't tax on the full purchase price.

    what are their rates like? how did you come up with a decent residual? (as i assume if their rates are competitive they make extra juice by having a lower residual and hence your financing more $$$)

    thanx
     
  2. El Wayne

    El Wayne F1 World Champ
    Staff Member Lifetime Rossa Owner

    Aug 1, 2002
    18,069
    San Marino, CA
    Full Name:
    L. Wayne Ausbrooks
    #2 El Wayne, Aug 12, 2005
    On a lease, you pay interest on the residual as well. Think about it. They're still loaning you that money, only repayment is deferred until the lease matures.
     
  3. henryr

    henryr Two Time F1 World Champ
    Silver Subscribed

    Nov 10, 2003
    22,414
    Atlanta
    Full Name:
    Juan Sánchez Villa-L
    #3 henryr, Aug 12, 2005

    your right - i don't know what i was thinking.
     
  4. Ferrari 1

    Ferrari 1 Karting

    Nov 3, 2003
    175
    Fort Lauderdale
    Full Name:
    Benn Correale
    #4 Ferrari 1, Aug 13, 2005
    I have used Premier extensively, and have found Mitch Katz and the staff extremely professional, helpful and most importantly, full disclosure. Good people, in my experience.
     
  5. Uconn Mike

    Uconn Mike Rookie

    Aug 11, 2005
    14
    Charlotte
    Full Name:
    Mike M.
    #5 Uconn Mike, Aug 13, 2005
    I have used them twice. They've done a great job.
     

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