pdutta2000

I was just wondering what the makeup is of people who finance versus lease? THanks

Pritam

Mr. Xristo

I am going to "bridge loan" the first car, and then dump it. I expect to make in the range of US$20,000.

Nick

What exactly is a bridge loan?


Nick

Rickster

I will take out a home equity loan and deduct it!!

ibanez

Unless you are a dealer, you are going to have to pay sales tax and registration which is going to dramatically cut into your "profit". You should take a look at some of the Ebay auctions as there are NY dealers trying to sell 55s and 500s already and they are not getting any bids.

Mr. Xristo

True, but it will still be a great deal of profit.

I live in South Florida, and there are a great deal of people who love the "latest and greatest" thing. It is a funny area. Today, for example I saw:

- BMW Z8

- CL500

- CL55

- Numerous (> 5) S500's

- BMW M5

- Ferrari Modena

- Bentley Azure convertible

- Vintage Jaguar E-Type

- New BMW 7 Series

I would not have placed the deposits if I did not think I would be able to sell one. But, I do understand. The eBay thing with selling "places" on lists, is hit or miss.

I was thinking of asking for the license plate "4SALE" for the SL55 I intend to sell.

Mr. Xristo

A Bridge Loan is a loan that is used for a short duration of time until permanent financing is put in place. They are the perfect solution to timely real estate acquisitions or business opportunities because they allow a purchaser or investor to act quickly.

Bridge Loan General Parameters

- The terms of these Bridge Loans are from one to twelve months with No Prepayment Penalties.

- Funding can take place in as few as seven business days.

- Interest rates are negotiable.

Mr. Xristo

My buddy at work did that when he purchased his 2003 M5 (not the one mentioned below).

His refinance was enough to pay for the entire car. What a smooth idea!! Low interest rate, and he can write off the interest...