You'd think that anyone who lusted after a $1.5 million Bugatti--and who could actually put one in his driveway--would demand to own it. After all, super-exotic sports cars are a form of pornography in possessive fantasy. Yet increasing numbers of the world's zillionaires are choosing to lease. There are smart tax reasons to lease, especially with the buy option at the back end. Besides, by stretching payments over several years, you free up substantial amounts of money that could be invested. And a growing number of car clubs for the wealthy are proving that possession isn't necessarily part of the fantasy. These clubs, which typically charge $45,000 to $60,000 a year, give you 6,000 miles to be divided as you please among a fleet of super-exotics. Some join these clubs to help them make a purchase decision between a Ferrari, say, and a Lamborghini. Others are quite content to write a big check, knowing that they're saving on sales tax, maintenance and the astronomical costs of insurance.
Source: New York Times
