Bentley SUV
Post Fiend
Joined: Mar 2009
Posts: 6,243
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From: Chicago and Mt Carroll IL
1962 AMC Rambler American Images. Photo: 62_Rambler_American_05_DV_Clvlnd_05.jpg
Anyone else see the resemblance?
Anyone else see the resemblance?
Post Fiend
Joined: Mar 2009
Posts: 6,243
Likes: 2
From: Chicago and Mt Carroll IL
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Lead Driver
Joined: Mar 2010
Posts: 5,250
Likes: 11
From: West Virginia
Image was very important to my former boss, so when business was up he build a new headquarters, and went ahead and filled out his garage with:
Porsche GT
(yes, this one):
A Bently Continental GT
And of course, the Range
They came and repo'd the bently and the porsche went his company failed. Hauled them both away on rollbacks.
So don't assume that everyone who buys a vehicle like that pays cash!
Porsche GT
(yes, this one):
A Bently Continental GT
And of course, the Range
They came and repo'd the bently and the porsche went his company failed. Hauled them both away on rollbacks.
So don't assume that everyone who buys a vehicle like that pays cash!
Post Fiend
Joined: Mar 2009
Posts: 6,243
Likes: 2
From: Chicago and Mt Carroll IL
Just did some quick research and you're correct. I mistakenly assumed exotic car buyers primarily paid cash and, in reality, it looks like only about a third of such sales are all cash.
I guess it has something to do with amortizing losses on depreciable items (like most vehicles). Makes more sense to leave cash reserves liquid.
Guess I don't have to worry about spending 150 or 200 large on a vehicle mostly because I don't have it!!!
I guess it has something to do with amortizing losses on depreciable items (like most vehicles). Makes more sense to leave cash reserves liquid.
Guess I don't have to worry about spending 150 or 200 large on a vehicle mostly because I don't have it!!!
Lead Driver
Joined: Mar 2010
Posts: 5,250
Likes: 11
From: West Virginia
I suspect for him he also financed them in a way that was related to his business. I had quit before that happened, but after he started witholding comissions. That was the only job where I literally told my boss to "Take this job and shove it up your ***."
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bobj49f2
1948 - 1956 F1, F100 & Larger F-Series Trucks
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Feb 4, 2019 04:24 AM
