Professor Elam

Tues Aug 2, 2011

A large percentage of high end cars are leased.

This explains why we see so many, and my earlier post about Porsche 'selling' 10,000 cars a year, about half are sold to lease car companies. This is all one big be on whether the temporary owner can flip the car to someone else before the value drops. 

Of as Dad observed to me once, all I know about leasing is that it's for people that don't have any money. 

Well put Dad.