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Old 04-08-2007, 01:10 PM   #51
Exsillio
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€ 1400/Month, BMW 530d.
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Old 04-08-2007, 08:10 PM   #52
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People who CAN/able to pay cash for a big purchase such as a car, prolly got enough money so they don't have to get loans for many other shit. People who CAN/able to pay cash for cars most likely got houses or other valuable properties already. You don't get a big loan just to build a credit history lol you get a loan cause you actually need it or it helps you write off or some other crap unless you are just hard up but consoling yourself with "just building CH" idea for getting such loan. Trust me when you CAN/and able to pay cash for cars/houses etc. you'll see lenders start to beg you to get a loan from them and that's a fact
Not true AT ALL. I have two friends who purchased their cars outright. Both of which rent, and from what I know have no credit at all.
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Old 04-08-2007, 08:20 PM   #53
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my car is a piece of shit and its paid for
what did it cost me this weekend: $35 for a waterpump and $100 for a right cv axel.
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Old 04-08-2007, 08:55 PM   #54
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You car is a tax write off (pause) NOT!

Sure you get to write off some of the money but you are actually probably only deferring 18% to 30% of the cost. So if you have a $1000 payment you aren't saving all that much on the write off.
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Old 04-08-2007, 09:14 PM   #55
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i only pay cash for cars. one is an economy car that gets good gas mileage and is reliable, the other is a piece of shit f150 that i only paid a few thousand for that i use for stuff when i work on houses, i bought it cheap so i dont have to take good care of it.
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Old 04-08-2007, 09:31 PM   #56
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i only pay cash for cars. one is an economy car that gets good gas mileage and is reliable, the other is a piece of shit f150 that i only paid a few thousand for that i use for stuff when i work on houses, i bought it cheap so i dont have to take good care of it.
Same here beemk - would not dream of leasing a vehicle and just buy the shit. Tho have done in the past where there was a corp scenario in place and a "actual" tax benefit - but there are no relevant taxes here and no taxes due on offshore structures - so kinda pointless..
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Old 04-08-2007, 10:02 PM   #57
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im looking to lease a lamborghini in the near future..

why the hell not.. hehe
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Old 04-08-2007, 10:18 PM   #58
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zero, I pay cash and thats it
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Old 04-08-2007, 10:18 PM   #59
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zero I pay cash
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Old 04-08-2007, 10:21 PM   #60
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Not true AT ALL. I have two friends who purchased their cars outright. Both of which rent, and from what I know have no credit at all.
10 of my relatives purchased cars outright. All own houses that are paid off. They look at loans like they would look at slimy snakes
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Old 04-08-2007, 10:24 PM   #61
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Originally Posted by V_RocKs View Post
You car is a tax write off (pause) NOT!

Sure you get to write off some of the money but you are actually probably only deferring 18% to 30% of the cost. So if you have a $1000 payment you aren't saving all that much on the write off.
You must not own a corporation

Quote:
Originally Posted by Webby
Same here beemk - would not dream of leasing a vehicle and just buy the shit. Tho have done in the past where there was a corp scenario in place and a "actual" tax benefit
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