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Exotic Car Renting Vs. Buying & Why it Pays to Rent Everytime

To some it sounds ridiculous to argue the financial benefit of renting an exotic car compared to buying an exotic car, but the fact of the matter is that renting is a financially smarter, safer, and cheaper decision. Numbers don’t lie, so just check out the figures below and see for yourself how it makes more sense to rent than to buy.

  Example A: Buying an Exotic Car ($120,000 purchase price, *all these costs increase as purchase price increases)

Year 1

Year 2

Year 3

Costs

Costs

Costs

$15,000 Down Payment

NA

NA

One time $10,800 Sales Tax

NA

NA

Monthly Recurring Cost:

Monthly Recurring Cost:

Monthly Recurring Cost:

$2,400 Per Month Car Payment $2,400 Per Month Car Payment $2,400 Per Month Car Payment
$400 Per Month Car Insurance $400 Per Month Car Insurance $400 Per Month Car Insurance

Additional Year 1 Costs:

Additional Year 2 Costs:

Additional Year 3 Costs:

$12,000 Per Year Maintenance $12,000 Per Year Maintenance $12,000 Per Year Maintenance
$15,500 Depreciation $13,500 Depreciation $12,000 Depreciation

Total Cost of Ownership:

Total Cost of Ownership:

Total Cost of Ownership:

Total Cost 1st Year is   $62,900 Total Cost 2nd Year is $59,100 Total Cost 3rYear is $57,600

 

Example B: Renting an exotic car for a sample of 20 weekends/year

Type of Exotic Car Rental Typical 2 Day Weekend Cost Total Cost
Rent a Lamborghini Gallardo for 20 weekends/year

$1,400

 $28,000
Rent a Ferrari F430 for 20 weekends/year

$1,400

 $28,000
Rent an Aston Martin Vantage for 20 weekends per year

$900

 $18,000
Or you can mix up the cars each weekend:    
Rent a Lamborghini Gallardo

8 Weekends

$11,200

Rent a Ferrari F430

7 Weekends

$9,800

Rent an Aston Martin Vantage

5 Weekends

$4,500

 

The charts above are clear that it is easier, cheaper, more flexible, and more diversified to rent an exotic car instead of owning. When you own an exotic car you are committed to a depreciating asset, a monthly payment, the same vehicle, various potential mechanical problems that are expensive to fix, and limited flexibility.

Renting a car provides a clear cut advantage for may reasons.

  • 1- You aren’t stuck with ongoing monthly payments.
  • 2- You don’t have to worry about depreciation.
  • 3- You don’t get stuck with the same car.
  • 4- You can pay when you want the car and only the times you need it; not when its sitting in your garage collecting dust.
  • 5- you don’t have to worry about maintenance.
  • 6- you don’t have to worry about selling the vehicle.
  • 7- and for the best reason of all, nobody will know if you rented or own the car!

Contact Vanity Exotics Today and make your dream a reality!

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