Revscene Spotted Spotted Revscene Members all across town
Did you happen to see a Revscene member or a car with a Revscene sticker on the road or somewhere? Or happen to see a car of interest that you'd like to share with pictures? Post it up here! |
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03-13-2013, 09:43 PM
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#12301 | | Rs has made me the woman i am today!
Join Date: Mar 2010 Location: PM
Posts: 4,477
Thanked 3,341 Times in 842 Posts
Failed 207 Times in 86 Posts
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You'd be surprised how few people are leasing their exotics.
Posted via RS Mobile | 
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03-13-2013, 09:54 PM
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#12302 | | It's like going crazy when you're already nuts
Join Date: Aug 2005
Posts: 5,903
Thanked 3,066 Times in 793 Posts
Failed 90 Times in 38 Posts
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Originally Posted by Jgresch  You'd be surprised how few people are leasing their exotics.
Posted via RS Mobile | Isn't that where Miles End gets their business though? Posted via RS Mobile | |
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03-13-2013, 09:58 PM
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#12303 | | Rs has made me the woman i am today!
Join Date: Mar 2010 Location: PM
Posts: 4,477
Thanked 3,341 Times in 842 Posts
Failed 207 Times in 86 Posts
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I'm not sure about miles end.
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03-13-2013, 10:45 PM
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#12304 | | 14 dolla balla aint got nothing on me!
Join Date: Nov 2010 Location: vancouver
Posts: 600
Thanked 291 Times in 110 Posts
Failed 253 Times in 40 Posts
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Jing, not really. Most people buy them
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03-13-2013, 10:51 PM
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#12305 | | y'all better put some respeck on my name
Join Date: Dec 2002 Location: Vancouver
Posts: 18,408
Thanked 9,468 Times in 2,439 Posts
Failed 393 Times in 159 Posts
| Quote:
Originally Posted by broken_arrow Once again, I don't understand why many label the exotics in LA (and Vancouver for that matter) as "leased"... They still cost anywhere between $2,000 - $3,000 per month (if we are talking about USA here, even more in Canada) depending on the downpayment. To be able to shell out that much per month is still "uber baller" in my perception of the world.
Besides, I honestly think that the only reason these people lease cars like these, is so that they can easily get out of the car they are driving at the moment and get into something new and exciting once it comes out. They obviously could care less about lease termination fees and penalties. | +1111
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03-13-2013, 10:57 PM
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#12306 | | y'all better put some respeck on my name
Join Date: Dec 2002 Location: Vancouver
Posts: 18,408
Thanked 9,468 Times in 2,439 Posts
Failed 393 Times in 159 Posts
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Actually w6sta explained leasing on exotics when he had his Lambo. It's not your typical lease because I think you have to buy out the car at the end of the lease.
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03-13-2013, 10:59 PM
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#12307 | | 14 dolla balla aint got nothing on me!
Join Date: Dec 2008 Location: Vancouver
Posts: 655
Thanked 469 Times in 109 Posts
Failed 306 Times in 50 Posts
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Originally Posted by DjMZ Jing, not really. Most people buy them | my friend does the insurance for companies like MCL, Vancouver Ferrari, Porsche, 89% of the people are Leasing them. tax write offs, cheaper payments, not dealing with expensive major services and having the current models are the benefits of leasing.
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RB26DETT - Inline-6 Twin-Turbo Charged kazitorii tuned
JUN/NISMO/GReddy built motor cars ltd.
{{Statistics are like a bikini. What they reveal is suggestive but what they conceal is vital }}
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03-13-2013, 11:18 PM
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#12308 | | Everyone wants a piece of R S...
Join Date: Oct 2012 Location: vancouver
Posts: 375
Thanked 53 Times in 26 Posts
Failed 92 Times in 17 Posts
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I don't usually double look at cars, but those McLarens are beautiful!
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03-13-2013, 11:47 PM
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#12309 | | I contribute to threads in the offtopic forum
Join Date: Dec 2003 Location: Van
Posts: 2,541
Thanked 974 Times in 340 Posts
Failed 41 Times in 16 Posts
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Originally Posted by Jah Dean Actually w6sta explained leasing on exotics when he had his Lambo. It's not your typical lease because I think you have to buy out the car at the end of the lease. | That's correct. It isn't your typical BMW, MB, Audi leasing.
Open vs Closed End Leasing
Exotics are lease to own.
1 of the advantage is TAX write off. Quote:
Originally Posted by Gtrr33 my friend does the insurance for companies like MCL, Vancouver Ferrari, Porsche, 89% of the people are Leasing them. | Allwest Insurance ? Alot of Hot Babe work there  | |
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03-13-2013, 11:58 PM
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#12310 | | It's like going crazy when you're already nuts
Join Date: Aug 2005
Posts: 5,903
Thanked 3,066 Times in 793 Posts
Failed 90 Times in 38 Posts
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I was under the impression that businesses like Miles End offer the leasing option to foreigners who do not have any credit here. Obviously they could just buy it straight up but prefer the lease option for whatever their reasons.
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03-14-2013, 12:02 AM
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#12311 | | Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
Posts: 12,630
Thanked 32,350 Times in 7,533 Posts
Failed 213 Times in 161 Posts
| Quote:
Originally Posted by Bender Unit Exotics are lease to own.
1 of the advantage is TAX write off.
| I'm glad that the manufactures/dealers have found a way to help these poor exotic car owners avoid the tax on them.
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03-14-2013, 12:27 AM
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#12312 | | RS Veteran
Join Date: Dec 2001 Location: GTA
Posts: 29,849
Thanked 11,523 Times in 4,713 Posts
Failed 440 Times in 282 Posts
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Originally Posted by westopher I'm glad that the manufactures/dealers have found a way to help these poor exotic car owners avoid the tax on them. | Well, they would need a legitimate business and justified purpose to "write off" the tax against. There's only a certain amount you can put towards it all so unless your accountant is a genius, there certainly are limitations.
__________________ Quote:
Originally Posted by BIC_BAWS I literally do not plan on buying another vehicle in my lifetime, assuming it doesn't get written off. | | |
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03-14-2013, 01:41 AM
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#12313 | | Wunder? Wonder?? Wander???
Join Date: Jun 2006 Location: Canada
Posts: 215
Thanked 72 Times in 15 Posts
Failed 1 Time in 1 Post
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Originally Posted by bmwx1 notice the guy didn't even have plastic bags for his grocery. | That's because he shops at Costco
Gotta save on something  | |
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03-14-2013, 01:44 AM
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#12314 | | :: Sells McLarens, Not tofu :okay: ::
Join Date: Aug 2007 Location: vancouver
Posts: 10,755
Thanked 11,826 Times in 3,334 Posts
Failed 211 Times in 89 Posts
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Originally Posted by Bender Unit Allwest Insurance ? Alot of Hot Babe work there |
yes. 
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13' Nissan DBA-R35 GT-R Black Ed - Black met. - "Sophia"
90' Honda EF Civic HB // 04' Honda Pilot Granite
- The Drinker of Many Many Coffees @ McLaren Vancouver
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03-14-2013, 02:40 AM
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#12315 | | WUB WUB WUB WUB WUB
Join Date: Oct 2007 Location: Surrey
Posts: 7,844
Thanked 7,084 Times in 1,922 Posts
Failed 202 Times in 90 Posts
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A lot of our customers lease their cars. I have limited knowledge with sales side of our dealer but from what I've noticed the ones that lease are the ones who like to change cars every year or so but it doesn't take a genius to figure that out lol
And yes for allwest insurance Posted via RS Mobile | |
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03-14-2013, 03:04 AM
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#12316 | | :: Sells McLarens, Not tofu :okay: ::
Join Date: Aug 2007 Location: vancouver
Posts: 10,755
Thanked 11,826 Times in 3,334 Posts
Failed 211 Times in 89 Posts
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I remember one chick very well... super cute asian (vietnamese? chinese? the cbc kind.. )
drove a Black Si coupe....
allwest = alltits
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13' Nissan DBA-R35 GT-R Black Ed - Black met. - "Sophia"
90' Honda EF Civic HB // 04' Honda Pilot Granite
- The Drinker of Many Many Coffees @ McLaren Vancouver
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03-14-2013, 03:30 AM
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#12317 | | Rs has made me the woman i am today!
Join Date: Mar 2010 Location: PM
Posts: 4,477
Thanked 3,341 Times in 842 Posts
Failed 207 Times in 86 Posts
| Quote:
Originally Posted by Gtrr33 my friend does the insurance for companies like MCL, Vancouver Ferrari, Porsche, 89% of the people are Leasing them. tax write offs, cheaper payments, not dealing with expensive major services and having the current models are the benefits of leasing. | Your friend is wrong. Posted via RS Mobile | |
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03-14-2013, 04:18 AM
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#12318 | | WUB WUB WUB WUB WUB
Join Date: Oct 2007 Location: Surrey
Posts: 7,844
Thanked 7,084 Times in 1,922 Posts
Failed 202 Times in 90 Posts
| Quote:
Originally Posted by tofu1413 I remember one chick very well... super cute asian (vietnamese? chinese? the cbc kind.. )
drove a Black Si coupe....
allwest = alltits | She's still there, I saw her every now and then when I worked full time
There's also some chick who drives a grey AP2 Posted via RS Mobile | |
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03-14-2013, 05:24 AM
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#12319 | | My homepage has been set to RS
Join Date: May 2002 Location: Vancouver
Posts: 2,370
Thanked 1,874 Times in 604 Posts
Failed 217 Times in 88 Posts
| Quote:
Originally Posted by broken_arrow Once again, I don't understand why many label the exotics in LA (and Vancouver for that matter) as "leased"... They still cost anywhere between $2,000 - $3,000 per month (if we are talking about USA here, even more in Canada) depending on the downpayment. To be able to shell out that much per month is still "uber baller" in my perception of the world.
Besides, I honestly think that the only reason these people lease cars like these, is so that they can easily get out of the car they are driving at the moment and get into something new and exciting once it comes out. They obviously could care less about lease termination fees and penalties. | $2000 to $3000 per month is nothing compared to forking out $300K + taxes, completely different financial commitment.....I would say 5% of the working population could afford a $2500 monthly lease commitment if you wanted, but I would say less than 1% could afford to buy a $300k car.....c'mon man, who really doesn't want to own an exotic
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16 GT3 RS
11 R8 V10
17 Long beach blue M2
86 944 Turbo with 340rwhp Lindsay Racing kit
15 991 PTS GT3
18 VW Golf R
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03-14-2013, 09:03 AM
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#12320 | | I'll never be Diggy, no matter how hard I try
Join Date: Apr 2001 Location: ☺
Posts: 5,011
Thanked 2,111 Times in 633 Posts
Failed 59 Times in 40 Posts
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wait, why does it matter if the car is leased? isnt this thread about 'sick cars in vancouver' not 'leased sick cars in vancouver'
wgaf
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03-14-2013, 09:56 AM
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#12321 | | Rs has made me the woman i am today!
Join Date: Mar 2010 Location: PM
Posts: 4,477
Thanked 3,341 Times in 842 Posts
Failed 207 Times in 86 Posts
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Financing 101...
Firstly a closed/open ended lease doesn't make a difference as to whether you have to purchase the car after or not. The only difference is if the leasing company loses money when you give the car back (the sell for $75k as opposed to the $80k residual they gave) you have to coveer the difference.
Secondly, you don't have to be mega baller to finance a Ferrari. But you do need ridiculous high credit, a large asset or two, and a decently high income. Financing a $300k car over 4 years is just over $6k/month without taking interest or tax into account so we'll say $7k.
In order for you to be approved for this (once your credit and assets are okay), all your monthly payments must be under 40% of your monthly income. So car, mortgage, line of credit, bills etc must stay under 40% once the car payment is in there.
So for someone with monthyl payments of say $1500 for everything (house, bills etc) tack on $6000 for a car. ($7500/month) This person must make $18,750/month, or over $200k/year. Once they've bought this car, this must insure it. Seeing as its a rate class 98 you're looking at 15-25k/year depending on driving record etc.
These figures are very rough, and would vary for leasing obviously but similar idea.
In short a larger percentage than .01 of Vancouver could afford a car like this... But you wouldn't see the $30k Yaletown crowd rocking them unless they're borrowed.
edit: excuse horrible grammar, spelling, and me forgetting to use $7k instead of $6k as monthly payment. Had to type this quickly over breakfast.
__________________ Quote:
Originally Posted by LSF22 Every time I'm there I usually see Jgresch's name under "Best Lap Times" |
Last edited by Jgresch; 03-14-2013 at 01:46 PM.
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03-14-2013, 10:10 AM
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#12322 | | Rs has made me the woman i am today!
Join Date: Mar 2010 Location: PM
Posts: 4,477
Thanked 3,341 Times in 842 Posts
Failed 207 Times in 86 Posts
| Quote:
Originally Posted by tofu1413 I remember one chick very well... super cute asian (vietnamese? chinese? the cbc kind.. )
drove a Black Si coupe....
allwest = alltits | allchest
allbreast
__________________ Quote:
Originally Posted by LSF22 Every time I'm there I usually see Jgresch's name under "Best Lap Times" | | |
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03-14-2013, 10:37 AM
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#12323 | | Need to Seek Professional Help
Join Date: Jun 2010 Location: Vancouver
Posts: 1,011
Thanked 528 Times in 187 Posts
Failed 79 Times in 22 Posts
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I'm pretty sure this car isn't leased  ratrod.jpg
I don't know what model this is but I think it can be classified as a rat rod?
sorry pic so small  | |
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03-14-2013, 12:50 PM
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#12324 | | :: Sells McLarens, Not tofu :okay: ::
Join Date: Aug 2007 Location: vancouver
Posts: 10,755
Thanked 11,826 Times in 3,334 Posts
Failed 211 Times in 89 Posts
| Quote:
Originally Posted by Jgresch allchest
allbreast | Quote:
Originally Posted by Jgresch Your friend is wrong.
Posted via RS Mobile | agreed. As a lot guy that has been doin everything at MCL before.... i would say probably less than half are leased cars... 1/4 are.
out of the 10 new cayennes i had to deliver, just 1 was under company name, and the rest were all bought out in cash (ballin customers, although the porsche finance rates aint cheap...)
I did see quite a few leased Range Rovers though, but thats about it...
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13' Nissan DBA-R35 GT-R Black Ed - Black met. - "Sophia"
90' Honda EF Civic HB // 04' Honda Pilot Granite
- The Drinker of Many Many Coffees @ McLaren Vancouver
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03-14-2013, 12:55 PM
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#12325 | | #deephouse
Join Date: Mar 2010 Location: Vancouver
Posts: 4,194
Thanked 4,704 Times in 1,243 Posts
Failed 469 Times in 123 Posts
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Talk so much , almost went through a whole page without pictures..
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