Reply to s/o What kind of car(s) do you drive and do you lease, finance or pay cash?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]2018 Cadillac Escalade ESV
2016 BMW X5
2017 Chevrolet Corvette

leased
They cost $45k a year but it's worth it
[/quote]

Is any of this for a business and therefore deductible?  Otherwise, holy sh#t.  Why?[/quote]

It does seem absurd.  I don't understand how "it's worth it".  For the kind of money they're dumping into those vehicles, they could just buy them outright.  First off, who in this world needs TWO SUV's?  That seems silly.  [/quote]

If I jog around my Vienna neighborhood, about 50% of houses have two SUVs in the driveway / garage.  I'm not saying it's a good idea, but it's very common, and will only become more so as US manufacturers stop even offering cars.

If I were to count a minivan as an SUV (I'm not), the number would go even higher![/quote]

I don’t think they will stop selling cars even though SUV’s are more profitable.  It’s wrecking a lot of people’s finances.  Take a look at this article.  It shows the sad state of affairs we are in.

https://jalopnik.com/84-month-auto-loans-are-becoming-more-common-because-yo-1825414883
[/quote]

Some manufacturers have already said they will stop making cars and only have SUVs. Ford is stopping all except the mustang. 
At this point Chrysler has one car, Dodge has one car, Jerp has none, Ram has none, so your local dealer has 2 cars to choose from, the rest are SUV, Vans, and Trucks. [/quote]

I’ve never heard of this but I just read up on it and Ford will continue to make the Focus as well as the Mustang.

All I have to say is that this move is very shortsighted and frankly, stupid.  Horrible business decision.  The only reason they can make such profits on SUV’s is the chicken tax and if that’s ever repealed they’re going to all be bankrupt without cars.

https://en.m.wikipedia.org/wiki/Chicken_tax[/quote]

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