Let's assume you're a fan of Rolls and you're looking at a 2015 Ghost, what do you do? Lease? Buy? Obviously, deciding whether to lease or buy a car that costs several hundred thousand dollars is a bit more complicated than deciding whether to lease or buy a car that costs several tens of thousands. Luckily, Bloomberg has a recent article that'll spell out the current trends in buying and leasing Rolls to help you decide how you want to approach your purchase. Looking at the lease vs. buy question, if you live in southern California, dealers advertise leases due to their popularity:
Rolls dealers in Southern California—the nation’s largest luxury car market—even go so far as to advertise lease specials on their website. A 2015 Ghost: 60-month lease, $30,000 due at signing, $2,699/month.With interest rates as low as they are right now, it often makes financial sense to use cheap money to extract the most value from one’s physical purchases and not to tie up a significant amount of capital in a rapidly depreciating asset. A Rolls Phantom can easily cost upward of $500,000 new and tends to lose up to 30 percent of its value in the first couple of years. That outlay could be better invested elsewhere.
What if you think a Ghost is for poor people and that you're a Phantom or bust kind of person? It turns out that you can find a competitive lease for a Phantom as well, just not a new one:
According to industry sources, contemporary preowned Rolls-Royces depreciate by about half during their first five or six years but then plateau and remain consistent, providing value that can be extracted in the secondary lease market. The same aforementioned L.A.-area dealer recently featured a lease special on a 2009 Phantom at $25,000 down and $2,699/month.
What do you monkeys think? When you head out to your local Rolls-Royce dealer, will you be looking into a lease? Or are you just going to pay cash?
more of a Ferrari man myself.
I guess thats a reasonable comparison...
There are "drivers" cars, and there are cars to be driven in. The Rolls is the latter. If you're not being chauffeured around, best spend your money elsewhere. Like a Bentley.
Bentley is a driver's car? You are crazy.
Spot on. Couldn't have said it better myself.
I'd drive the hell out of a 2014 RR Wraith
I suppose you've got me there
If you can't afford to buy a RR with cash, then you shouldn't unless you're a con man
Spot on. Couldn't have said it better myself.
https://www.youtube.com/embed/nSA0fI3sXy8
my coworkers have debated this extensively. with a normal car, it makes sense to own if 1. you put a lot of miles on it (there can be a penalty in a lease) and 2. youre going to own it for like 5+ yrs.
there can be great benefits to leasing. a VP in my group gets free maintenance on his bmw. that is HUGE.
Came here to post Johnny Drama's advice on the RR purchase. "You don't buy this car, Vince. You lease it. That's how all the broke jerk-offs in this town drive 911s."
waiting for @"Prestigious Pete" and @"heister" to chime in
More inclined to lease. Wraith is crazy I love that thing
90% of people on here will never own one - lease or otherwise. And if they do, pretty good chance they're living above their means
Statistically accurate but still fun to think about. When I bought my first nice car I was almost too scared to drive it. I realize its all relative but these guys driving around in "middle America starter-homes" are crazy. I think my insurance was $2,500 a year and oil/service appointments were $1,200 - $2,200 so I can only imagine what these costs run on RRs.
What kind of car was it?
If we are talking about a RR, I agree with @"HunteR23".
But personally, I have a 2014 Mercedes, bought it in 2013. Most certainly, leased. I've OWNed about 4 Audi's in my past....all of which were $200+ for an oil change, and every time it needed work done, it was > $1000. I spoke with the sales manager and the finance manager @ my local Benz dealer, they both informed me that 85% of new Mercedes sold at the lot.....Leased.
P.s. to add on to @"prospie" 's comment. I don't have "free" maintenance, but it's added to my monthly bill, its about $18 per month more, but it covers EVERYTHING, accept new tires and brakes....Under the old policy, they covered all, including brakes and tires. They stopped because people took advantage of it.... burning out tires, driving recklessly, slamming of the brakes (needing new ones sooner) etc....
Not to be a broken record but... dat Wraif doe.
Can we delete this thread, please?
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