so Congress passes this $700 B package. People ask me repeatedly how is business goign with wall street up in shambles. Well, it depends on who you ask from my demographic. my customers are very successful. and although there may be some cutbacks in large bg ticket purchases, there is not going to be a cutback in entertainment or lifestyle luxuries. these days and times you may not be rushing out to buy that lamborghini when you know the asset is going to depreciate tremendously and you may not have the time to really enjoy the vehicle every day. unless you make it a daily driver, which is really not a great idea, but not out of the question. i guess it really depends on your daily commute. lets say you finance a lamborghini Gallardo and get a payment of say $3800 a month. then add insurance of say $250 a month. now if this is just your play toy and you drive say every weekend on friday night,sat, and sunday. so gasoline $4.50 a gallon and you will fill up at least twice thats about $500 in fuel, we wont go into mileage loss you get from driving, so monthly you are around $5 grand a month. oh and plus you are committed for at least 24 months. so in two years you pay $120,000.
now lets say you rent one every other weekend 6 grand and you do this for only 1 year and then decide to try another car. well you end up paying $144,000. but theres no committment!! you stop renting when you want.