I just leased my first RR....a 2018 Sport Supercharged Dynamic. Got a great deal on a loaner that was never titled and had 1800 miles on it. I've leased over 15 vehicles over the years (including wife's and kids) for one reason.... if I like the car after three years, I'll buy it and keep it for another 3-4 years. If the car has a problem or I don't like it after three years, it gets turned back in. Always 0 down payment. I've found that making the first 36 monthly payments, then buying out the residual is about the same as buying with 0 down payment and paying the typical interest rate over 5-6 years. After 6 years, I sell the car and use the proceeds to help make the payments on the next car. Even if it costs a little more, I like having the option of not being stuck in a 5-6 year loan and being able to turn the car back in after three years if it has had mechanical problems. If you are open to options and colors, sometimes you can find great deals on slightly used vehicles (including RRs) by taking over a lease.......check Swapalease and Leasetrader listings.
Lease or buy (finance)......it's really "not yours" until the car is paid off.
Even if it costs a little more, I like having the option of not being stuck in a 5-6 year loan and being able to turn the car back in after three years if it has had mechanical problems.
I think this is a key point for luxury cars: Flexibility and shifting risk.
You can get out early quite easy without having to take a huge hit on taxes paid up front.
(I always do 0 down leases as well)
You shift the risks of: mechanically bad car, bad choice of car and especially an accident to the leasing company. No matter what, you’re only in it for the term of the lease.
IE if you got $100k car and got into an accident (your fault or not) the accident might drop the value of your car 10%-20% (could be less if it’s something minor or more if something really major). At the end of your term you walk away vs if you finance the car. You have to eventually take some hit if trade in (dealers will get you) or you sell private.
Plus in Canada you do have to pay taxes on the full price of the car if you finance. So on a luxury car, it can be $10k-$15k quite easily and the only way to recover that depreciated amount (and its taxes) is by working with a dealer.
To me, leasing is the only way to go.
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