I think the GT4 will have a second gen. So you’d be better off with the 993.

I’m hardly the person that should be arguing with that premise. I use my car payment money for an air-cooled Porsche, and I drive a 20 year old 4Runner daily that I got for 5 grand and I put about a grand of preventative maintenance into and a ton of sweat equity into. But my terms are a LOT more favorable. I pay 2.5%…

Okay, so I worked for the company who provides the financing on 144mo terms. Their name is Woodside Credit, and they are the official financing partners of Barrett-Jackson Auctions (and their official showroom in AZ as well).

There is a big point you’re missing here. Most people that buy exotics with loans like that already have a fleet of cars. The reason they do it is so they have a lower payment for the year or maybe 2 they have the car and usually it’s on cars like the GT4 that don’t depreciate much. Instead of tieing up 105k or having…

This is just a way for people with a lot of income but not a lot of dry cash sitting around to own one of these for a year or two and then sell their stake to someone else.

I don’t think you necessarily have to be “bad at math” to take this deal. This is very different from low payment deals targeted towards the poor who just need to get to work.

Surely this would make sense if you took out the loan but planned to keep the car for two years and then sell it. A GT4 should have very low depreciation which probably would leave more than enough equity to pay off the loan and not require the owner to have to top up.

There is probably a 0% chance that the owner will ever get to the payoff part of this loan. Probably not even keep it a year or two. Just like a house, most people never get to the end of their 30-year term before they sell.

It’s worth noting that even if it’s driven some reasonable amount, the depreciation on this car is likely to be extremely low, if not non-existent. With that in mind, the 12 year term could make the payments reasonable to someone so they could enjoy it for a few years and then sell it and pay off the balance.

Most importantly, the odds of the buyer actually keeping this car for more than a couple of years is very low. With 20% down, this car is not likely to ever be upside down. As long as there is no prepayment penalty, very few will be paying all the interest.

How fucking pathetic that this program didn’t get the death penalty.

Sure, but I wouldn’t be counting points just yet. McLaren got lucky after the safety car in the first race, and both got lucky with both Red Bulls and 1 Ferrari not finishing the race ahead of them in this race.

Agreed 100%.

That’s because majority of Uber and lyft drivers don’t know where they are going and are generally bad drivers. Two days ago I took and Uber in Boston and the guy didn’t know where Commonwealth Ave is and how to get onto it....from Chinatown. Uberx and lyft drivers are people who usually don’t drive in cities, but now…

Lower classes of motorsport, sure women have no real disadvantage. Look at 2 time champ Christina Nielson in sports cars.

I’ve said it before and I’ll say it again: if you want crazy fast, unlimited budget cars, F1 is the place. But Top tier endurance cars should be hypercars like the Ferrari TheFerrari, Mclaren P1, Porsche 918, and any other crazy limited production road car manufacturers wanted to make.

Great.

Tax purposes

tax preparer here. simplify the tax code by reducing the number of rates is a sneaky way to edge closer to a flat tax which will greatly benefit the wealthy. Its just as complicated to have 7 rates as it is to have 3. im not concerned about the tax rate either. the software calculates that. What i am concerned about…

Man, as an outside observer I’ve got to say, you seem like a terrible person to be around. Everyone here is trying to have a civil conversation and have been pretty respectful talking about something they all clearly love and are passionate about. Then here you come, like a 15 year old who has finally gotten the…