Anybody ever lease a car with Premier Financial?

[jaxgt]

Gents,
Wondering if anyone has ever had an experience leasing a car with Premier Financial Services?

After speaking with them and looking at a few things, seems to me if one is to consider leasing something nice for their business, looks like a far better route than some of the dealership lease programs. Curious if any thoughts?

Thanks in advance.

 

[B. West]

Gents,
Wondering if anyone has ever had an experience leasing a car with Premier Financial Services?

After speaking with them and looking at a few things, seems to me if one is to consider leasing something nice for their business, looks like a far better route than some of the dealership lease programs. Curious any thoughts?


Thanks in advance.

Not a fan due to the balloon payment at the end...... doesn't work for me for a purchase. Traditional financing with the current rates is a better option for purchase if one can make the numbers work. If leasing and changing cars, it might be a good option from a payment standpoint

 

[jaxgt]

Not a fan due to the balloon payment at the end...... doesn't work for me for a purchase. Traditional financing with the current rates is a better option for purchase if one can make the numbers work. If leasing and changing cars, it might be a good option from a payment standpoint

Seems to me to only makes sense if leasing through ones business, for business purposes, as rates higher than typical purchase financing rates. If for business lease, then one can deduct payments at their respective tax bracket.

 

[Kayvan]

Tax benefit is main reason:

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A 2007 article in the New York Times discussed some of the advantages of leasing exotic cars that those who could still afford to do otherwise are choosing over that cash purchase. Luckily there are a few companies now specializing in providing those leases once the leaser has plunked down 20-25% of the purchase price for a down payment.

The first advantage to leasing exotics would be a tax benefit. While that reason is dependant upon the state in which you live in, in some states it can mean the difference between $130,000 car tax or a monthly .6% monthly tax on the lease payment. The money saved in taxes directly correlates with the second reason to lease: other appreciating investments.

If you lay down your $1.4 million on day one for a new Bugatti Veyron that money is gone and so is the $130,000 in car taxes in some states. However, if all you put down is the $400,000 down payment you still have $1million in “play” money that is now available for other money making investments. Thus, you now have the chance for multiple investments that may both appreciate to make more revenue for the lease holder.

By the end of the term of the lease the purchase price agreed upon for the close out sale of the car may be less than the market value or appreciated value of that exotic. Meaning that in 5 years there is the chance that the $1.4 million Bugatti Veyron of today may be worth $2 or $3million at the end of the lease. Hence, now you can choose to profit from the small down payment you put into your exotic by selling it for a gain.

While a $20,000 a month payment is nothing to sneeze at (or on… that would be offensive), as in the case of the Bugatti lease, it is small potatoes compared to a $1.4million cash deal. And for some, those small potatoes can reap a very rich harvest.

Source[nytimes]

 

[jaxgt]

Actually no significant down payment required. No sales tax either on full purchase, just on monthly payments. Lease interest rates a bit high at 5-6%, but if can do lease via business, add another 33-39% savings for tax deduction.

 

[Darthvader]

Try Mike Hudson @ Putnam Leasing, He can get you a lease rate 0 Down, 4.9% interest rate as the interest rate doesn't get any lower due to the year model of the vehicle you may be purchasing. Very good company as I have used them several times. Mike Hudson Cell#1-508-367-5669 You can text him anytime day or night and he will respond. Hassle free

 

[junior]

Another option is D and M Auto Leasing out of Texas (several offices), I leased from them a couple of times with $0 drive off, and very easy to work with, Dave Faulkner was my leasing agent, answered every phone call and e-mail I sent him and quickly. Good Luck !