Re: Renting out a Ferrari, need some opinions
Setting up a business for 6 months is a lot of work. I am guessing the overhead (setting up a corporation or LLC, figuring out taxes, insurance,...) will be a killer. Buying a car for a few months is costly since every time a car is sold, taxes have to be paid. If after 6 months you sell it for what you bought it for you are still down 4k+.
Personally I would try and find a couple other people interested in doing this and figure out some way to share it. If you can make your dream come true for a couple thousand bucks it is worth it. Trying to break even by spending a lot of time just doesn't seem worthwhile.
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05-05-2005, 01:47 PM
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