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Post by csquared on Aug 8, 2015 9:23:05 GMT -5
Oh, okay. Can't listen to any interviews until we get home next week. I assume it's his car... |
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Post by cassie on Aug 8, 2015 9:39:01 GMT -5
Oh, okay. Can't listen to any interviews until we get home next week. I assume it's his car... Yup, the Bentley. I generally think leasing a car is not a smart move, but that's because I keep a car forever. For Adam, it makes a lot of sense. He doesn't keep his cars for a long time. This is his third in six years, right? He also probably doesn't put a lot of miles on the car with the amount of time he is away from home. Leasing, he can always have the newest car that suits his fancy, and swap it out every couple of years. He doesn't have to plunk down a huge wad of cash for a purchase. I thought it was also interesting that he has a mortgage. While he could pay for his house outright at this point, again, it may be much wiser, financially, to invest his money elsewhere, what with mortgage interests being so low recently. It would appear Adam is getting some solid financial advice. Hope he is socking away a lot of dough so he can feel secure and free to choose the art he wants to create. |
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Post by bamafan on Aug 8, 2015 9:41:42 GMT -5
Oh, okay. Can't listen to any interviews until we get home next week. I assume it's his car... They asked him his favorite possession and he said "I have a really cool car at home" a white Bentley....that he doesn't own it, it's leased. He said it was "pretty flashy". He's also mentioned "mortgage" twice now. Maybe the MLS realtor ninja didn't get the "cash transaction" part of the sale right...IDK how much of the financial deets are available or accurately stated. ETA.......Or what Cassie said. |
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Post by csquared on Aug 8, 2015 9:43:38 GMT -5
Oh, okay. Can't listen to any interviews until we get home next week. I assume it's his car... Yup, the Bentley. I generally think leasing a car is not a smart move, but that's because I keep a car forever. For Adam, it makes a lot of sense. He doesn't keep his cars for a long time. This is his third in six years, right? He also probably doesn't put a lot of miles on the car with the amount of time he is away from home. Leasing, he can always have the newest car that suits his fancy, and swap it out every couple of years. He doesn't have to plunk down a huge wad of cash for a purchase. I thought it was also interesting that he has a mortgage. While he could pay for his house outright at this point, again, it may be much wiser, financially, to invest his money elsewhere, what with mortgage interests being so low recently. It would appear Adam is getting some solid financial advice. Hope he is socking away a lot of dough so he can feel secure and free to choose the art he wants to create. Definitely agree about the car! We keep ours forever too, but a luxury car like that makes more sense to lease. I don't know who pays for maintenance and repairs when leasing, but some of those cars are really expensive to keep up! Yeah, I assume he's getting some good advice! |
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Post by 4EverAdam on Aug 8, 2015 9:45:04 GMT -5
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Post by 4EverAdam on Aug 8, 2015 9:50:53 GMT -5
Have heard Adam refer to a mortgage in several interviews. It would probably make some sense for tax purposes and he has been doing a lot of improvements. He mentioned more shelves in the closet for his shoes  . He has also talked about his comfort level with knowing he will always be able to find a project or work to do which leads me to believe he has good people advising him on work projects and money matters. Time with Queen and listening to Brian and Roger talk about the industry and some of the pitfalls may also have helped Adam in planning for the future. |
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Post by Deleted on Aug 8, 2015 9:55:11 GMT -5
Always figured Adam had a mortgage. Using 3 million in cash would be silly, IMO. Some people thought "Cash to loan" meant he paid cash. It doesn't.
As cassie said, leasing a 200K car is very smart. Cars depreciate as soon as you drive them off the lot. With how little mileage he would put on a leased car, it makes sense.
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Post by adamrocks on Aug 8, 2015 9:57:52 GMT -5
Really hope a vinyl release is available in US.
I have been crying about this since all these other countries are getting a Vinyl!   Etta @starchildal 39m39 minutes ago Etta retweeted Adam Lambert Canada
Hooray for Canada!!
twitter.com/Canadaberts/status/630018503009964032
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Post by freakydeaky on Aug 8, 2015 10:00:33 GMT -5
Yup, the Bentley. I generally think leasing a car is not a smart move, but that's because I keep a car forever. For Adam, it makes a lot of sense. He doesn't keep his cars for a long time. This is his third in six years, right? He also probably doesn't put a lot of miles on the car with the amount of time he is away from home. Leasing, he can always have the newest car that suits his fancy, and swap it out every couple of years. He doesn't have to plunk down a huge wad of cash for a purchase. I thought it was also interesting that he has a mortgage. While he could pay for his house outright at this point, again, it may be much wiser, financially, to invest his money elsewhere, what with mortgage interests being so low recently. It would appear Adam is getting some solid financial advice. Hope he is socking away a lot of dough so he can feel secure and free to choose the art he wants to create. Definitely agree about the car! We keep ours forever too, but a luxury car like that makes more sense to lease. I don't know who pays for maintenance and repairs when leasing, but some of those cars are really expensive to keep up! Yeah, I assume he's getting some good advice! Apparently, it is very common in Hollywood to rent a house. Courtney Love and all the millionaire celebrities there do it. Also, I have friends that lease luxury cars. They pay the lease, their insurance, petrol, and then the company cover everything else. They can change their car anytime they like for a newer model, and any accidents or damage, they just return the car and get a new one. |
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teri63
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Post by teri63 on Aug 8, 2015 10:01:23 GMT -5
Yup, the Bentley. I generally think leasing a car is not a smart move, but that's because I keep a car forever. For Adam, it makes a lot of sense. He doesn't keep his cars for a long time. This is his third in six years, right? He also probably doesn't put a lot of miles on the car with the amount of time he is away from home. Leasing, he can always have the newest car that suits his fancy, and swap it out every couple of years. He doesn't have to plunk down a huge wad of cash for a purchase. I thought it was also interesting that he has a mortgage. While he could pay for his house outright at this point, again, it may be much wiser, financially, to invest his money elsewhere, what with mortgage interests being so low recently. It would appear Adam is getting some solid financial advice. Hope he is socking away a lot of dough so he can feel secure and free to choose the art he wants to create. Definitely agree about the car! We keep ours forever too, but a luxury car like that makes more sense to lease. I don't know who pays for maintenance and repairs when leasing, but some of those cars are really expensive to keep up! Yeah, I assume he's getting some good advice! When you lease a new car, it's under the manufacturer's new car warranty, generally 3 years basic, 5 years power train. I don't know what the Bentley warranty is specifically, but, yeah, leasing can be a good option depending on individual circumstances. |
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. He has also talked about his comfort level with knowing he will always be able to find a project or work to do which leads me to believe he has good people advising him on work projects and money matters. Time with Queen and listening to Brian and Roger talk about the industry and some of the pitfalls may also have helped Adam in planning for the future. 
