Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:2018 Cadillac Escalade ESV
2016 BMW X5
2017 Chevrolet Corvette

leased
They cost $45k a year but it's worth it

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

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.

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!

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

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:2018 Cadillac Escalade ESV
2016 BMW X5
2017 Chevrolet Corvette

leased
They cost $45k a year but it's worth it

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

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.

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!

Anonymous wrote:

Anonymous wrote:2018 Cadillac Escalade ESV
2016 BMW X5
2017 Chevrolet Corvette

leased
They cost $45k a year but it's worth it

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

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.

2015 Chrysler Town & Country, bought used & still owe $26k on it.

2014 Chevy Malibu, bought new & paid off the last $12k through a 401k loan.

2005 sedan
2014 SUV
Financed both, paid off both.
No car payments! Yay!!!

2014 Honda CRV, bought 3 year used, paid cash.

Anonymous wrote:

Anonymous wrote:2018 Cadillac Escalade ESV
2016 BMW X5
2017 Chevrolet Corvette

leased
They cost $45k a year but it's worth it

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

yeah the car tax alone has to be 7K

Anonymous wrote:2018 Cadillac Escalade ESV
2016 BMW X5
2017 Chevrolet Corvette

leased
They cost $45k a year but it's worth it

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

2011 Audi A4, financed and paid it off in 4 years.

2011 Audi Q5, bought new, around $45k all in (tax, tags, etc). Financed over 5 years at 2.9%, 0 down. Paid off in 2016. Still driving it @ 120k miles, and plan to for many more years.

2018 VW Atlas, bought new, around $45k all in. Financed over 5 years at 1.9%, 0 down.

We save our money by driving our cars a long time (the Atlas replaced a 17 year old BMW), I do my own maintenance and repairs (just did my brakes this weekend and saved $800), and we get good deals when we buy them (Generally through my employer).

2016 CRV, bought new with cash - first new car either of us have ever purchased, but there was a major change in 2015 and would only save about $2K to buy one year used. Not worth it to us. Will drive it until it's unreliable, so hopefully at least 12 years.

2011 VW GTI - bought used with cash, have had it 2 years and probably will sell/buy a different car within 18 months. Spouse likes to try out different cars fairly regularly, so always buy used for him.

Getting out from under car payments was one of the best things we've ever done. I know the arguments about if you can get 0% (which is far harder to get than most people acknowledge, especially on used or popular cars), but not having that payment is more than worth it to us.

2018 Ford Explorer
2014 Jeep GC

bought cash, both

Bought a used 2014 MB E350 last year. Cash. I stopped buying new ten years ago given how fast a new car's value goes down as soon as it leaves the lot.

Toyota 4runner and Hinda Odyssey

Financed because of .9% interest rates. Or it was much higher would Have been a cash buy. Cost of those 2 cars is 80k and that would be a loss of 48k in returns on that 80k over 5 years (how long we typically keep cars.

2005 Prius, bought used with cash.