HoozyerdaddyC63

can't wait to see the pics!

Vic55

LOL this was quite the good statement to start my Monday... but he is smart and contagious



Congrats Eric I guess yet again- money is relative so you did lose some here and there in regards to your trade and registration paid Im sure but its what floats your boat I guess.

I swap cars alot but I dont start with one, then get another, then get the same as the first, then get the same as the second ....... LOL I had to say it.

BenzoBoi

Nice come up and welcome back to the E's

xtyper

Thanks Vic. Of course I recognize this swap was not a money maker for me, but given the deal terms I know I lost a lot less than the average Joe doing a similar transaction. As far as repeating past cars, I think I'm just in love with the C63 and E63, and can't help myself from getting the latest model of either when the deal's right. In a perfect world, I would have enough money to own both at the same time.

Vic55

You are loyal my friend to the 3 pronged star no doubt And you are right about using the leasing bit to avoid lump sum sales tax...

4ramin

i also agree as a lease is a good way to avoid the taxes but you still have 3k to 4K Due at signing.

Vic55

Not necessarily, you can roll all your drives into the net cap. So if he is doing that and then only losing 4-5k on trade at the time of the new car he is actually not doing that bad.

xtyper

Only lost non-depreciation expenses are in this care are lease acquisition fee (about $695) and registration (about $650). So if I traded this car tomorrow, I would only be out the lease acquisition fee of $695 instead of the otherwise $9K or so sales tax paid under purchase (registration paid in both cases, so doesn't matter).

xtyper

And that's exactly what I did. Besides the non-recoverable lease acquisition and registration fees typically required up front, they also ask for first month's payment. However most of that first month payment immediately goes toward lowering your outstanding payoff (cap cost), so I don't consider that portion lost.

Bottom line, for rapid new car flippers, the proper comparison here of non-depreciating expenses is mostly lease acquisition vs sales tax, since registration is paid in both cases.

Vic55

There was also 2500 lease cash on the E63 but Im sure you didnt know that

The dealer might have used that to aborb some of the extra equity they created with your trade.

xtyper

I did hear that rumor. No way the deal would have happened without it.

4ramin

Good to know, I've never leased before because the amount of miles I drive on my DD are typically 30k miles a year and for the toy cars I tend to keep them for a long time and they are not driven much and due to mods. I typically wait till they do a huge change..

VetteFish

LOL yup! Picked her up a few months back. She just got round 1 of the Weistec treatment (178mm pulley, split cooling, IC pump, etc.). A monster, love these cars.