Ferrari in Vancouver
Ferrari in Vancouver
Ferrari is a an ideal lease vehicle due to the fact that lease-end residual values are relatively high compared to the MSRP sticker price. Combined with even a modest price discount and average finance rate, lease payments are relatively low for vehicles in this price range. Enthusiasts of these cars drive relatively few miles and like to trade every couple of years, which makes leasing especially attractive. Are you interested in leasing a Ferrari in Vancouver? Well if so, Pfaff Leasing wants to work with you! We can help you find the Ferrari of your dreams, and even have it shipped to you! In this article by Pfaff Leasing, we will be keeping it simple – whether to lease a Ferrari – or buy one. Read on for more information.
To lease a Ferrari in Vancouver or buy one…
The answer is – it depends. It’s not possible to simply say that one is always better than the other because the answer depends on the specifics of each individual situation.
Leases and purchase loans are simply two different methods of automobile financing (leasing is NOT renting). One finances the use of a vehicle; the other finances the purchase of a vehicle. Each has its own benefits and drawbacks. When making a ‘lease or buy’ decision you must look not only at financial comparisons but also at your own personal priorities — what’s important to you?
When you buy, you pay for the entire cost of a vehicle, regardless of how many kms you drive it and pay an interest rate determined by your loan company. Later, you may decide to sell or trade the vehicle for its depreciated resale value. When you lease a Ferrari in Vancouver, you pay only a portion of a vehicle’s cost, which is the part that you use up during the time you’re driving it. Leasing is not the same as renting. You can have the option of unlimited kms, drive it for a set amount of years and at lease-end, you may either return the vehicle, or purchase it for its depreciated resale value.
Lease Payments are made up of two parts: a depreciation charge and a finance charge. The depreciation part of each monthly payment compensates the leasing company for the portion of the vehicle’s value that is lost during your lease. The finance part is interest on the money the lease company has tied up in the car while you’re driving it. In effect, you are borrowing the money that the lease company used to buy the car from the dealer.
If you enjoy changing cars constantly, want lower monthly payments, don’t care about building ownership equity, have a stable predictable lifestyle, and drive an average number of kms, then you should lease a Ferrari in Vancouver.
With our dedicated team of professionals at Pfaff Leasing on your side, you can have confidence that you will get behind the wheel of your dream Ferrari. For more information about how you can lease a Ferrari in Vancouver, please feel free to continue browsing through our website. Click here to find our contact information and to fill out our contact form.