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Cartelligent clients prefer to lease the Range Rover, Range Rover Evoque, and Range Rover Sport as the most leased cars for this brand.
2023 Range Rover Evoque
2. Audi (70% Leased)
Lease: 70%
Finance: 12%
Cash: 18%
Most leased cars for the Audi brand include the A6, A7, A3 Sportback e-tron, and Q5.
2023 Audi Q5
1. BMW (77% Leased)
Lease: 77%
Finance: 10%
Cash: 13%
The three series, five series, X1, and X5, are among the BMW models our clients often choose for luxury car leases.
many are leased through business .. the owner of our company has 13 leased high end vehicles
my son owns an auto leasing and auto concierge business and 80% of his business is corporate leases not individuals.
for many individuals leasing high end vehicles may work out better because many can be very costly to own after the warranty period is up so they get traded in every 3 or 4 years . the used market can be flooded with high end cars while lower end are tight .
also high end cars tend to offer very good finance deals so loans are usually taken while your own money does better.
we were offered 3.80% financing when we bought in sept .we paid cash but that rate had we gone for it would have been less then we get in our money market
if the head unit which controls the radio , ac , and other car functions fails in our car that is 4-5k to replace alone …there is so much expensive technology in high end cars today ripe for failing that i would never own more than 5 years. lexus has a 4 year warranty
Last edited by mathjak107; 01-29-2024 at 02:32 AM..
as we get older we need less and less inflation adjusting until we hit the no go years when healthcare costs tend to rise
we have been doing way less travel over the years and our spending habits have changed .
this pattern has been true of most seniors with discretionary income to spend .
so we don’t draw anywhere near as much a year as we have capability .
most of what we don’t buy or do anymore covers the increases in what went up so more and more we are falling closer to a 3% draw then 4% of each years balance
that is a 25% reduction.
so while we need to keep up with inflation it isn’t a yearly struggle as it was when raising a family and we increased spending yearly unlike the flexibility we now have.
so our balance doesn’t have to match inflation to be ahead since our spending is less then yearly inflation adjusting would leave us ..in fact a safe withdrawal rate can have the assets falling each year eventually getting close to depleting .
so i don’t really care about where we are on an inflation adjusted basis which is why at first i couldn’t even tell you , i am more interested in our relative relationship to where we started in nominal balance.
in fact if one is drawing 4% a year inflation adjusted the odds are 95% of ending with more then you started with 50-60% equities. odds are 67% of ending with more than 2x what you started with .
so a system of raises is needed to avoid dying with to much unspent and that system is based on your starting balance .
anytime your balance is 50% higher then where you started , take a 10% increase plus inflation adjusting ..repeat every 3 years and keep taking 10% more as long as you are ahead of your original starting balance.
while we don’t draw our full capability to live , every few years we will buy a new car , but even doing that has left us ahead of where we started.
i don’t know our exact rate of return with all that goes in and out and portfolio changes along the way so i just go by relationship to where we started .
as long as we are ahead of where we started we are doing better then fine as it means we have kept up with our own personal rate of inflation.
hypothetically a 50/50 would have taken 500k and grew it to 901k since we retired in 2015 .
so even with the covid drop and 2022 being bad and zero interest rates , a 50/50 still averaged about 7%
Last edited by mathjak107; 01-29-2024 at 02:27 AM..
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