You'd be surprised how few people are leasing their exotics.
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Isn't that where Miles End gets their business though?
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I'm not sure about miles end.
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Jing, not really. Most people buy them

+1111

Actually w6sta explained leasing on exotics when he had his Lambo. It's not your typical lease because I think you have to buy out the car at the end of the lease.

my friend does the insurance for companies like MCL, Vancouver Ferrari, Porsche, 89% of the people are Leasing them. tax write offs, cheaper payments, not dealing with expensive major services and having the current models are the benefits of leasing.

I don't usually double look at cars, but those McLarens are beautiful!

That's correct. It isn't your typical BMW, MB, Audi leasing.
Open vs Closed End Leasing
Exotics are lease to own.
1 of the advantage is TAX write off.
Allwest Insurance ? Alot of Hot Babe work there :fullofwin:

I was under the impression that businesses like Miles End offer the leasing option to foreigners who do not have any credit here. Obviously they could just buy it straight up but prefer the lease option for whatever their reasons.
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I'm glad that the manufactures/dealers have found a way to help these poor exotic car owners avoid the tax on them.

Well, they would need a legitimate business and justified purpose to "write off" the tax against. There's only a certain amount you can put towards it all so unless your accountant is a genius, there certainly are limitations.

That's because he shops at Costco

Gotta save on something :badpokerface:

yes. :megusta: :megusta: :megusta:

A lot of our customers lease their cars. I have limited knowledge with sales side of our dealer but from what I've noticed the ones that lease are the ones who like to change cars every year or so but it doesn't take a genius to figure that out lol

And yes for allwest insurance :megusta:
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I remember one chick very well... super cute asian (vietnamese? chinese? the cbc kind.. )

drove a Black Si coupe.... :megusta: :megusta: :megusta:


allwest = alltits :megusta:

Your friend is wrong.
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She's still there, I saw her every now and then when I worked full time :fullofwin:

There's also some chick who drives a grey AP2 :fullofwin:
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$2000 to $3000 per month is nothing compared to forking out $300K + taxes, completely different financial commitment.....I would say 5% of the working population could afford a $2500 monthly lease commitment if you wanted, but I would say less than 1% could afford to buy a $300k car.....c'mon man, who really doesn't want to own an exotic

wait, why does it matter if the car is leased? isnt this thread about 'sick cars in vancouver' not 'leased sick cars in vancouver'

wgaf

Financing 101...

Firstly a closed/open ended lease doesn't make a difference as to whether you have to purchase the car after or not. The only difference is if the leasing company loses money when you give the car back (the sell for $75k as opposed to the $80k residual they gave) you have to coveer the difference.

Secondly, you don't have to be mega baller to finance a Ferrari. But you do need ridiculous high credit, a large asset or two, and a decently high income. Financing a $300k car over 4 years is just over $6k/month without taking interest or tax into account so we'll say $7k.

In order for you to be approved for this (once your credit and assets are okay), all your monthly payments must be under 40% of your monthly income. So car, mortgage, line of credit, bills etc must stay under 40% once the car payment is in there.

So for someone with monthyl payments of say $1500 for everything (house, bills etc) tack on $6000 for a car. ($7500/month) This person must make $18,750/month, or over $200k/year. Once they've bought this car, this must insure it. Seeing as its a rate class 98 you're looking at 15-25k/year depending on driving record etc.

These figures are very rough, and would vary for leasing obviously but similar idea.

In short a larger percentage than .01 of Vancouver could afford a car like this... But you wouldn't see the $30k Yaletown crowd rocking them unless they're borrowed.

edit: excuse horrible grammar, spelling, and me forgetting to use $7k instead of $6k as monthly payment. Had to type this quickly over breakfast.

allchest
allbreast

I'm pretty sure this car isn't leased :troll:
Attachment 16093
I don't know what model this is but I think it can be classified as a rat rod?
sorry pic so small :(

:megusta:

agreed. As a lot guy that has been doin everything at MCL before.... i would say probably less than half are leased cars... 1/4 are.

out of the 10 new cayennes i had to deliver, just 1 was under company name, and the rest were all bought out in cash (ballin customers, although the porsche finance rates aint cheap...)

I did see quite a few leased Range Rovers though, but thats about it...

Talk so much , almost went through a whole page without pictures..