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Sun Mar 08, 2020 4:06 pm

Just saw a commercial for a Aston Martin Vantage lease... $1699/month.

Then i read the fine print.

"quote based on 2020 Aston Martin Vantage with MSRP $171,250; 36 monthly payments x $1,699.00 = $61,164 in total payments. 15,000 miles at lease end."

Who the hell drives only 15,000 miles in 3 years? I do that in a single year.

Sun Mar 08, 2020 4:18 pm

My dad doesn’t drive much anymore, 2013 Hyundai has only 32k miles.

Sun Mar 08, 2020 4:32 pm

My best guess?

It would be a secondary / toy / weekend fun car

I heard recently that there are a lot of Corvette's and similar cars like that.
Old dudes that only use it on the weekend for pleasure cruising
... almost like a lot of vintage VW owners.

I was expecting you to say who drops $61K on a lease because DAMN

Sun Mar 08, 2020 4:53 pm

I must be old/old school. I never financed a car in my life. Never had a new car in my life, but I have owned some very cool cars.

Sun Mar 08, 2020 5:07 pm

You aren't commuting with a car like that.

I am amazed at the low mileage cars out there. I just bought a 2013 ML350 with 12k miles on it. And when I did I was deciding between that one and one (the same year) with 6k miles on it.

Sun Mar 08, 2020 5:11 pm

You are likely so busy earning the money to pay for toys like that that you have little time to actually go drive it. And/or as EB says, a second weekend toy?

Of course if those are as reliable as many other supercars you may spend most of that lease time driving the dealers loaner car anyways :P

Sun Mar 08, 2020 5:15 pm

EverettB wrote: I was expecting you to say who drops $61K on a lease because DAMN
Thanks for reading between the lines... you win.

Sun Mar 08, 2020 5:17 pm

busdaddy wrote: Of course if those are as reliable as many other supercars you may spend most of that lease time driving the dealers loaner car anyways :P
There's a local guy that drive his Porsche 911 Turbo daily into Manhattan. He's got over 100,000 miles on it in 7 years.

Sun Mar 08, 2020 9:11 pm

If you’re leasing an Aston Martin, maybe you’re house of cards is built on shaky ground. Better go with the Buick

Mon Mar 09, 2020 3:42 am

Glenn wrote: EverettB wrote: I was expecting you to say who drops $61K on a lease because DAMN
Thanks for reading between the lines... you win.

It’s not much worse than all of those that took on that much or more debt for a degree. Especially those that did not get one.

Mon Mar 09, 2020 4:08 am

My mother-in-law's 20-year-old Honda has only 35,000 miles ... but she is 93 and no longer drives. The car still gets used for runs to the grocery and doctor appointments once or twice a week. Been thinking about getting a new car for her. And I think there is an Aston Martin dealer nearby. I guess I should stop in. :roll:

Mon Mar 09, 2020 8:13 am

randayn wrote: I must be old/old school. I never financed a car in my life. Never had a new car in my life, but I have owned some very cool cars.

I know an older guy who owned and ran a Porsche shop in Venice, CA then here in Colorado Springs. We had a similar conversation once about new cars. He mentioned how all of his friends back in CA would buy new cars regularly.

'Mike, I always drove old cars...' Looks up at me, 'but they were always Porsche's.'

I have a lot of respect for that guy.

Mon Mar 09, 2020 8:13 am

Glenn wrote: EverettB wrote: I was expecting you to say who drops $61K on a lease because DAMN
Thanks for reading between the lines... you win.

Looking at simply- it's no different than the average Joe's interest in driving a new car every couple of years. Around Idaho trucks are the big thing with leases (50-60k compensatory rigs). This A-M is just on a grander, higher tax bracket scale. Quite practical when you think of it. The leasor gets to enjoy an A-M temporarily, not as a rental and they're not on the hook for the whole loan value. The residual value takes a hit for sure (about the same as % as any high-end lease) so they next owner is the one rewarded- just like in the world of pickups.

Mon Mar 09, 2020 8:21 am

But who can afford $1700/month for a hobby car?

Mon Mar 09, 2020 8:24 am

hitest wrote: Glenn wrote: EverettB wrote: I was expecting you to say who drops $61K on a lease because DAMN
Thanks for reading between the lines... you win.

Looking at simply- it's no different than the average Joe's interest in driving a new car every couple of years. Around Idaho trucks are the big thing with leases (50-60k compensatory rigs). This A-M is just on a grander, higher tax bracket scale. Quite practical when you think of it. The leasor gets to enjoy an A-M temporarily, not as a rental and they're not on the hook for the whole loan value. The residual value takes a hit for sure (about the same as % as any high-end lease) so they next owner is the one rewarded- just like in the world of pickups.
This was generally my thought too.

When you make a lot of money, let's say $100K/month, "wasting" $60K over 3 years probably isn't a big deal.

It's weird to me that there was TV ad for this though - are they targeting people who can't afford it too or is the purpose to get you to look at other cheaper Aston Martin products?

I did a Google search on Aston Martin and an ad came up right away for:
https://www.astonmartinamericas.com/2020-vantage-lease/

Mon Mar 09, 2020 9:19 am

this reminds me of the porsche guy I was talking to one day. he had moved to fl from wash state. the porsche was still up there in storage... he said he couldent see paying almost $1800 to have the car brought down hear. I told him I could do it for half that. he was intrigued..then asked how? I tell him flying...he said who is gonna fly it for that?? I tell him just give me the keys and the address and I fly the I drive it back. I thought he was going to faint. then I told him." THE FUCKING CAR WAS MADE TO DRIVE!! NOT STORE!!!" why do you think porsche made his cars so fun to drive?? you just cant fix stupid. :shock:

Mon Mar 09, 2020 5:43 pm

Glenn wrote: But who can afford $1700/month for a hobby car?

Really? A person that makes several hundred thousand dollars a year. They buy all kinds of stupid shit. Especially if they are trust fund babies.

Mon Mar 09, 2020 5:47 pm

jspbtown wrote: You aren't commuting with a car like that.

I am amazed at the low mileage cars out there. I just bought a 2013 ML350 with 12k miles on it. And when I did I was deciding between that one and one (the same year) with 6k miles on it.
You must live in Florida...

Mon Mar 09, 2020 9:06 pm

I have a friend who works at the same company as I do. He makes about $150k a year from his real job. His "side job" is owning a couple of car washes with his brother.

They do short term leases on high end cars and run them as expenses for his car wash. He has had high end Porsches, Lambos and other exotics. He now has a bright green McLaren 570

Tue Mar 10, 2020 5:12 am

Zundfolge1432 wrote: Glenn wrote: But who can afford $1700/month for a hobby car?

Really? A person that makes several hundred thousand dollars a year. They buy all kinds of stupid shit. Especially if they are trust fund babies.

Michael Bloomberg