CL65 lease

[JAYCL600]

Anyone have any lease figures yet...just curious to see what a 4 year lease would look like on one of these bad boys!!!!

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ummm...

[JAYCL600]

Originally posted by I1 ULOOZ
ummm...

I was looking for a more serious response....maybe most of these cars would be bought outright?

[lexusfan]

I think most of these cars are bought, but it will be interesting to see how incredibly high a lease rate would be for the CL 65..
Good Luck!!!

[trd277]

I would guess that if you can afford a $170,000 car you would not be interested nor need to lease it. I bought a Mas and the guy almost fell out of his chair laughing when I was curious about risiduals. Once you hit a price point you got it - no need to lease it.

[lexusfan]

ITA with the above post....if you can afford it, why lease? But I've heard that you get a tax break if you lease, is this true? I've also heard that if you have a business it's a good idea to lease. Also, credit and down payment is also a factor. But, I would think the lease would be about $2500-2700.....that's just a guess.

[Mr. Xristo]

Originally posted by trd277
I would guess that if you can afford a $170,000 car you would not be interested nor need to lease it. I bought a Mas and the guy almost fell out of his chair laughing when I was curious about risiduals. Once you hit a price point you got it - no need to lease it.

What kind of nonsense is this?? Having money does not mean "being stupid with it".

I can afford to finance a Maserati, but why would I want to take a depreciation hit when I can lease, and only pay for the portion of the vehicle I "use".

IMHO, unless you plan on keeping a vehicle forever, financing a vehicle is as much a poor use of money as a 30 year, fixed-rate mortgage.

[davepl]

There's a very good reason why you could afford to purchase it outright but opt to lease it: fixed residual value.

These cars depreciate like mad. Knowing I wouldn't want to keep the car more than about 3 years, I wanted to know in advance what amount of depreciation I'd be eating.

If you buy it outright and later trade it, you're completely at the mercy of the whims of the market. Witness the $105K sticker 750iL I traded against the CL600 and received $27K for :-)

- Dave

[JAYCL600]

Thanks for the above statements....I am about to sell a condo that I own and I will have about 275k after capital gains. The above reasons are why I believe in leasing....I believe in paying for the usage of a vehicle.... for when Iam done with them in 3-4 years they are worth nothing and then you are writing off nothing as well....I find that my money is better spent on buying another condo, leaseing the vehicle under a businesss entity and then write off the usage. FYI...I was just curious about the numbers....I think its way too expensive of a vehicle relative to what can be done to a CL600 with brakes, suspension, ECU and trans software, and some lightwetight wheels......

[Mr. Xristo]

Originally posted by E55JAY
Thanks for the above statements....I am about to sell a condo that I own and I will have about 275k after capital gains. The above reasons are why I believe in leasing....I believe in paying for the usage of a vehicle.... for when Iam done with them in 3-4 years they are worth nothing and then you are writing off nothing as well....I find that my money is better spent on buying another condo, leaseing the vehicle under a businesss entity and then write off the usage. FYI...I was just curious about the numbers....I think its way too expensive of a vehicle relative to what can be done to a CL600 with brakes, suspension, ECU and trans software, and some lightwetight wheels......

if you are only planning living in your new condo for a few years, I would highly recommend looking into an Interest Only Mortgage.

[moa4r]

Originally posted by Mr. Xristo
if you are only planning living in your new condo for a few years, I would highly recommend looking into an Interest Only Mortgage.

as soon as i read ur post about 30-year fixed mortgages being bad financially, interest only was the first thing that came to mind. I see the benefits in this type of loan and am strongly considering one on my next home purchase. What is your experience w/this, and what is the max # of years u can secure a low interest rate before u have to renegotiate/refinance?? TIA

pros and cons of interest only loan as I see it:

pros:
lower monthly payments
lower interest
all payment is tax deductable

cons:
no payments go toward principle
must refi/renogotiate/sell property after initial term, under mercy of market/interest rates
any others you can think of??