The Low Down on the Throw Down for Some BLING

Just popped in to see the new inventory over at Symbolic Motors for my quarterly motivation. Lots of choice rides, as usual, with my favorite being the ’06 Gray Ferrari F430 F1 Spyder. Make sure to talk to Bill as he has the low-down on this particular one and knows the previous owner.

My wife and I sat down with the finance director, Carmen, to run some numbers. Here is the estimated breakdown:
2006 Ferrari F430 F1 Spyder with a smidge over 4000 miles
Purchase Price of $270,000 (which seems a bit high for this particular model, but you have to start negotiations somewhere)
Residual Value @ 35% for a Lease (talk to your CPA about the benefits of doing an exotic lease for taxable write offs)
20% down: $54,000 (could be less down if you have a previous high auto loan above $175k)
Approx. $4,500 per month on a 60 month Lease at 8%

So here’s the agreement my wife and I have.; I can have ANY toy I want just as long as I find  an appreciating cash-flow asset that pays for my expensive depreciating assets.  I am on the hunt. I’ll let you know what I find.