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For Sale Lease transfer: 2019 McLaren 720S Performance Coupe - Azores Orange

Discussion in 'Other Cars' started by rav1up, Sep 12, 2019.

  1. Simon^2

    Simon^2 F1 World Champ

    Oct 17, 2005
    11,661
    At Sea Level
    But Greenwich deal is also 2500 miles a year vs 5000. 1/2 the miles is HUGE.

    I get the $$ Down is a big diff,... but so is $1K/mo more and only 1/2 miles.

    A bit more of hit on the down payment, and this seems like a crazy good deal.

    Am I missing something??
     
    Natkingcolebasket69 likes this.
  2. absent

    absent F1 Veteran
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    Nov 2, 2003
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    mark k.
    Am I reading it right?
    Essentially, you want to walk away after 4 months of use and putting 1250 miles on a brand new 720 for jusy barely $5k?
    I wish you the best of luck, if you can pull that off my hat will be off to you......
     
    blkdiablo33, jayhawkai, BOKE and 7 others like this.
  3. P_RSR

    P_RSR Formula Junior
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    Exactly. Technically $12k cause of lease payments. Still insane.
     
    Natkingcolebasket69 likes this.
  4. Stentboy

    Stentboy Formula 3
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    May 8, 2008
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    I don’t know whether Transferor’s proposal is reasonable or not and I really don’t care, but that’s not the issue. The salient question is whether or not his proposal is a good deal for a potential assignee. As I understand it, the seller says even though he’s not taking much of a hickey, as would be expected, it’s still a good deal for the buyer or the transferee, because he is such a savvy buyer and got a fantastic deal that he can confer on to his successor. Is that what you’re saying 0P?
     
  5. Rickenbach

    Rickenbach F1 Veteran
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    Nov 20, 2005
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    I don't think that was a deposit, but a cap reduction. Why cant you write off a cap reduction, which is essentially upfront payments?
     
  6. Soup Nazi

    Soup Nazi Rookie

    Jan 18, 2007
    21
    I'm interested at a lower cash back option, please message me.
     
  7. Gh21631

    Gh21631 F1 Rookie
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    Feb 24, 2011
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    Could be base spec.
     
    Natkingcolebasket69 likes this.
  8. Elisesko

    Elisesko Karting
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    If op doesn't respond with....you want bread?! 3 dollars!!!! Snap....no lease for you!! I will be disappointed. Gl on sale and acquisition.
     
    Shark01 likes this.
  9. LARRYH

    LARRYH F1 Veteran
    Rossa Subscribed Owner

    Jun 3, 2011
    6,398
    virginia usa
    it is done by many manufacturers to get the end of qtr or end of model year sales up they can record it as a sold unit once it is punched ....It is done more often than many would think....many times the manufacturer give a large rebate to the dealer per car and then they have to sell it used for big discounts sometimes..
     
  10. efg2014

    efg2014 Formula Junior

    Sep 14, 2014
    376
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    My head is hurting reading all this :)
     
    Way2fast likes this.
  11. stardoc

    stardoc Formula Junior

    May 5, 2005
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    K RA
    Cap reductions are not tax deductible (what I meant to say instead of "deposit") as per IRS. I'd be against loaning the manufacturer a lump sum of money before the inception of the lease just to lower my lease payments. Essentially lowering your potential tax deduction.
     
    arizonaitalian likes this.
  12. IloveGT

    IloveGT Formula Junior

    Oct 17, 2015
    589
    To get the kickback or bigger bonus from the manufacturer, so the car is listed as sold already to the manufacturer, and will be sold as used while technically it is still with delivery mileage.
     
  13. jvmax

    jvmax Formula Junior
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    Oct 16, 2006
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    harder part is finding someone with a good credit score to take over lease. I spent 6 months on leasetrader even with a $12k incentive, still could not find someone to qualify. This was on a Mercedes e63 wagon, with a $2200 a month payment
     
  14. Chupee

    Chupee Formula Junior
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    Correct ALly was offering crazy deals on the 570 just to get them out in the streets!
     
  15. Chupee

    Chupee Formula Junior
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    Cannot imagine being in a Mcclaren for 47 months!
     
    Thecadster likes this.
  16. JAM1

    JAM1 F1 Rookie
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    Why, exactly? How many McLarens have you owned?
     
  17. Chupee

    Chupee Formula Junior
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    I am about to buy my first one but I want to be out of it befroe the waaranty expires // Make sense?

    thx
    B
     
  18. plastique999

    plastique999 F1 Veteran
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    Nov 9, 2008
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    Sent from my 16M
     
  19. JAM1

    JAM1 F1 Rookie
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    If you’re looking to buy one you should know the comprehensive warranty can be extended by McLaren for up to 10 years after the original factory warranty date and you can purchase 1 or 2 year extensions at a time rather than extending the entire decade.

    It’s also worth mentioning while the early MP4-12 cars were problematic, later cars like the 720 are not. If you’re driving a 360/430 expensive repairs outside of warranty can’t be all that concerning. I’ve spent more on my 360 spider than any McLaren I’ve owned between the top and F1 actuator alone!
     
    Gh21631 and BOKE like this.
  20. Gh21631

    Gh21631 F1 Rookie
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    My experience as well.
     
  21. YellowMurci

    YellowMurci Formula 3
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    At the end of the day is anyone actually interested in this poor guys car or are you all going to sit and bicker about nonsense for a few more pages
     
  22. Chupee

    Chupee Formula Junior
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    THat is the got -cha that F!. ALl my 360's were 6 speed so I missed that trinwreck! Really good info as I would have thought otherwise.

    thx
     
    I'm 360 Canuck likes this.
  23. rmani

    rmani F1 Veteran
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    Nov 1, 2003
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    wish i could just take over the payments for a year :)
     
  24. efg2014

    efg2014 Formula Junior

    Sep 14, 2014
    376
    Northern California
    Seller : I want someone to take over the lease
    fchat Members : Start complex discussion on leasing; multiple detailed and passionate responses
    Seller: ??
    fchat Members: Tax implications and the dreaded IRS
    Seller: ????
    I don't think the seller was expecting this when he though "Hey let me see if I can find someone to take over the lease". I find it all amusing. Now who will take over the lease for this guy? :)
     
    Oengus, showme1946, koisokok and 3 others like this.
  25. YellowMurci

    YellowMurci Formula 3
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    Poor guy is like "Why the F did I even post this thing?!?!"
     
    APA#1, kane00, efg2014 and 2 others like this.

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