/biz/ - Business & Finance

>>11481215
If you pay the same each month, for both, then the one which would allow you to pay less tax would be the cheapest?

>>11481215
>buying a new car
>leasing a new car

Stay poor

>>11481215
>spending over 10k on a daily driver

>>11481273
>>11481279
>make decent money
>want something nice to drive to work every fucking day

Why the fuck not?
I already bought a house with a good amount of land in a key area.

>>11481215
how tf is it deductible

larp

>>11481215
using it for work?

>>11481215
If you are going to tell us that you have tax deductions, you need to tell us your tax bracket so we can solve this for you.

>>11481591
The 90k one is electric.
Its deductibility is massive for businesses.

>>11481603
Absolutely.

>>11481806
In my country, tax is about 45-55% on taxable income within my tax bracket.
Just assume about half goes to Mr. Tax Man.

Hence my obsession with deductibility.

>>11481252
That's what I was thinking.

But these accountants keep changing the numbers game, so I don't know exactly how the benefits would compound.

>>11481215
You will never make it.

A smart anon does:
1) Buy cheap 1000$ car that you dont give a shit about. This is your work car + mundane shit.
2) Buy an expensive car that is 5 years old (has lived through the price reduction of 30-50%) which you like an care about. Drive to meetings and bring up bitches. Initial cost 10000 - 40000$.

If you lease a car or buy a new car you are a moron and deserve to not "Make it".

>>11481973
>owning two cars
yikers

>>11482120
Why?

I really laugh at those NPCs who whine about having a leased car and then they have to pay for "Forced" maintenance which is like 400$ per year. Bitch i spend only 100$ per year for maintenance and i get a better job because i have a friend who builds his own cars.

I could also trainwreck my 1000$ car and i wouldnt give a shit. I would just buy another 1000$ car and continue the cycle. The average cost is lower than leased cars + its fun to work on your own cars. If you are a wagie ragie who works 9 to 5 from Monday to Friday you aint gonna make it anyways.

>>11482141
because cars are just wasted money, and even if you're saving a few hundred bucks on the piece of shit you'll be paying it back on the 20k car

better off just getting a better low end car or a medium range car for 6-10 that doesn't look great or shit but runs well and, this is the most important part people forget about when buying a car, is a make that is easily serviceable
the reason mercs and bmws are so expense to service is because the manufactors have a monopoly on servicing it, if you get a car that most mechanics can service you'll save a huge amount

So I just did the math;
Let me use hypothetical sums:

Montly sum = 1,000
Total paid after 60 months (5 years) = 60,000

85% deductible = 51,000 will not be taxed.
Assuming tax is 50%, that means 25,500 in taxes will not have to be paid.

15% non deductible = 9,000 will be taxed.
Assuming tax is 50%, that means 4,500 in taxes will have to be paid.

TOTAL PAID SO FAR:
60,000 + 4,500 = 64,500.

Assuming the car is sold after 5 years for 30,000.

TOTAL PAID SO FAR:
64,500 - 30,000 = 34,500.

GRAND TOTAL COST COMPARED TO NOT BUYING THE CAR AT ALL (and just paying taxes instead):
34,500 - 25,500 = 9,000

Is this anywhere near accurate?

>>11481325
>drive to work every fucking day
That's why. To each his own though.