3 ms·
The fully leveraged life of a luxury car: 1. Lease vehicle to some rich person for the first 3 years who will have few to no problems and return it to the deal
by dnissley 7y ago
The fully leveraged life of a luxury car:
1. Lease vehicle to some rich person for the first 3 years who will have few to no problems and return it to the dealership for the next new model once the lease ends.
2. Dump it on some middle-class person making an aspirational purchase as "certified pre-owned". The car starts to break down pretty much the day after it turns 3 since that's how it was designed. The owner will be forced to pay extreme repair bills if they go to the dealership or just live with things continuing to break as the car ages.
3. Once the car hits 6-8 years old it will get resold to the super shady "imports" used car dealership down the road from the original dealership who will then sell it to some poor person making an aspirational purchase on a 9 year loan with exorbitant interest. They will be forced by the high payments to either drive it into the ground or get it repossessed. If repossessed, repeat step 3.