Would You Buy a New Car?

The reality is that more white cars get tickets than red cars, but even with that said there are five times as many white cars on the road as red cars. Therefore by percentage it is true that red cars do get more tickets. Thus, one could ask why purchase such a car? If you are thinking about buying a really cool sports car, I'd like to discuss this with you if I might.

There was an interesting article in Bloomberg BusinessWeek on August 27, 2012 titled; "Ferrari: The Car That Screams Investigate Me" by Tommaso Ebhardt, which explained that "the Prime Minister of Italy hopes to raise $168 million Euro by instituting a luxury car tax on cars." Unfortunately, it isn't working as many Ferrari owners are selling their cars to people in other nation, and no one wants to buy new ones which hurts sales, jobs, and sales tax revenues.

It turns out that the police and tax evader investigators routinely stop Ferrari owners to run their records to see if they'd paid their taxes, some haven't for decades, the rest feel completely harassed with this latest attack on wealth and class warfare in Italy. Of course, if you haven't paid your taxes, the government now confiscates your car until you do, or keeps it when you don't.

Now then, with all the class warfare here the United States, you could easily see the same thing happening here at home. I can tell you that due to some of the socialistic political push in our own nation we are watching a change in attitude of the population. We seem to be attacking those who have achieved, and display signs of success. We've completely destroyed our corporate jet sector, as we made it seem somewhat evil to have made lots of money and be able to afford such toys to get around.

Will we do the same thing with luxury automobiles in the future, and if so, where will it stop? If you buy the latest BMW sports car, high-end Mercedes, or something of that nature, perhaps even an exotic car, how do you know in the future you won't be targeted by bureaucrats, police, and suspected as a tax cheat by your fellow citizens? It could happen here at home to, especially if the current administration runs things for another four years in a second term because that's the way it's leaning so far.

If you are going to buy a flashy sports car or high-end vehicle that wealthy people generally own, you might wish to rethink this strategy and go stealth. Buy some beat up old piece of crap, and then you can blend in with all of the other socialists as they drive our nation off a cliff? Who knows, maybe that's a better strategy? Please consider all this and think on it.

5 Reasons You Should Lease Your Next Car

With the current economic climate being what it is, most people are putting a lot more thought into how they spend their money. And for many, this additional thought has lead to them forgoing the luxury of a new car purchase. After all, something that depreciates by up to thirty percent the second you drive it off the forecourt isn't exactly a frugal purchase.

One alternative that many people are turning to is car leasing. Despite the fact that a car lease will never actually be something that you own, car leases do actually come with a number of attractive benefits. I will now outline just what those benefits are.

Skip the Mechanical Problems That Come With Age

Cars tend to be at their most reliable during their first few years on the road. When you choose to lease a car rather than buy one, these are the only years that you need to deal with. With most car leases lasting around three years, you never have to deal with an aging car and the mechanical problems that tend to come with it. You're local mechanic won't like it but you probably will.

Forget About Depreciation

As well as mechanical problems, you also get to skip depreciation problems. As you are likely aware, a new car depreciates at a pretty astonishing rate. Many estimates suggest that new cars lose up to seventy percent of their value during their first five years on the road. When you lease a car, this becomes the dealers problem, not yours.

More Car for your Money

Unless you have quite the healthy bank balance, you are likely to find your options at the forecourt somewhat limited by what you can afford. One major advantage of car leases is that your money can take you a lot further. While you mightn't be able to afford to purchase the car of your dreams, that certainly does not mean that you cannot afford to lease it. The best cars cost a hell of a lot less to lease than they do to purchase.

Significantly Lower Monthly Payments

If you are considering purchasing a car on credit, you might be interested to learn that the monthly payments on a lease tend to be significantly lower than those associated with a car loan. In general, all other factors being equal, you can expect your monthly payments on a car lease to be half that of what you would be paying had you purchased the car.