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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We have enough money to buy any car but my husband is such a business guy that he hates buying stuff that [b]loses a lot of it’s value as soon as it leaves the showroom[/b]. We, and our adult kids, now buy cars coming off 3 year leases that the dealers certify and extend the warranties. None of us drive 10,000 miles a year so it works out for us. We all own very nice cars but others [b]paid the depreciation[/b]. [/quote]

Neither of the bolded phrases make any sense. Apparently your "super smart MBA" husband throws around those terms and you say "ooh" ad "ahh" and smile at his wisdom, but those statements are nonsensical. A car losing value is only relevant to an asset that is intended to appreciate or be resold. And "paid the depreciation" literally makes no sense. None. Unless it is a business expense you can't depreciate a car for tax purposes.

Buy a book, girlfriend. And by all means please double check the joint tax return that your super duper MBA husband has you sign every year.[/quote]

NP - you buy a car for $50,000 and six months later if you tried to sell it it would only be worth say $45,000. When a $50,000 car comes off a 3 year lease you can buy it for $30-35,000 and it’s as good as new especially if it’s certified with an extend warranty. The car has depreciated in value. So you get a great car at a very good price. I just bought a Porsche Macan that only had 6000 miles on it and it cost me $15,000 less than it cost when sold new 15 months earlier. [/quote]

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