01-15-2017, 02:37 PM | #23 | ||
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01-15-2017, 04:09 PM | #24 |
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If you lease for 36 months and then buy out at the end in cash, there definitely isn't a huge cost difference. But if you lease for 36 months and then finance the residual buyout amount, I can't imagine a scenario where you haven't just spent more in interest ("bank fee" for the lease potion) than you would've just financing the whole thing up front.
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01-15-2017, 05:22 PM | #25 | ||
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Here's an M2 lease tax tip... go big .. http://f15.bimmerpost.com/forums/sho....php?t=1333243 |
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01-15-2017, 05:22 PM | #26 |
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Speak to your accountant. I think there are depreciation limits for a new car that will be less than the lease deduction over the life of the 3-year lease. And I think you might be able to depreciate the used car once you buy it in three years on top of the already claimed lease deductions. Depending on the type of corporate structure there may be ways for the company to buy the car and then lease it to an employee. I'm sure the accountant can make a spreadsheet where you can change the interest rates, discount the future costs, blah, blah, blah. It's the frickin' tax code. I'm about 4 months behind you in this process. Let us know what you decide.
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01-15-2017, 07:55 PM | #27 |
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M3 Adjuster - it is all my money. My company, my investment, my risk, my liability on all debt and lease obligations as well as payroll and taxes, etc. Hell of a way to live - the upside: a small pile of scratch and a tax advantage or two on things like cars.
Maybe we have met - at COTA often? This will be my 2nd M, and I am excited (1st was the M Coupe)! Generally, I like them small, nimble and fast. So the Ms have not done much for me in a while. When I buy it, please come instruct me in the M2 as I need all the experienced help I can get! Thanks STK and others, I should have gone straight to the office manager and our accountant. The numbers probably say buy based on your input. Last edited by Vintage; 01-15-2017 at 08:21 PM.. |
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01-15-2017, 08:37 PM | #28 | |
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Even when baited! Best of luck with any purchase and hopefully a new car! |
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01-15-2017, 08:46 PM | #29 | |
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01-15-2017, 09:32 PM | #30 | |
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It doesn't matter whose money. If you were only looking at buying this as an individual you would have pushed the buy button immediately. So buy it ( with whatever money!)and Let's drive! |
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01-16-2017, 07:43 AM | #31 | |
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And seriously, I am "Advanced" in driving category but I prefer good instructors ride along - let me know next time your instructing at COTA or TWS or the like and let's see if we can make it happen. |
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