/biz/ - Business & Finance

>>51553044
buying a car sucks ass right now so I don't blame you, you should look into writing off your lease for taxes though

>>51553044
As long as you didn’t lease more than you could buy, your fine

/biz/o/ is going to shame you for spending more than $100 on a used ‘87 civic

>>51553130
it was last year actually. august 2021
ill look into using it as a tax write off. didnt know that was a thing for personal leases

>>51553044
I bought a used car in early 2021. Feels comfy af. Before I was leasing a car that I crashed and paying out the ass.

>>51553213
There's lots of jobs that can write a leased car off as a business expense, like if you have to drive around a lot. honestly the lease is a good option for most cars because they depreciate like fuck . But watch out for what happened to this guy >>51553253 and sometimes just buying a used beater is better, like if you live somewhere with a lot of shitty drivers, or are a shitty driver yourself.

>>51553130
This.
Leases for work purposes and the accompanying write down can be very much worth it. You’ll learn these things as you get older and get raepd by the Man.

The redpilled way to navigate the car market is to buy, on the lower end of the price spectrum, something 3-4 years old that will give you no mechanical trouble but is also past its greatest point of depreciation. You use it until it gets to that point or age where mechanical trouble is imminent, and then you sell, and use those proceeds to repeat the process.

Leasing leaves you with nothing after your term, it's just like renting an apartment.

>>51553213
(im assuming US)
im not sure if it's possible purely for personal use, but very easy to just prop up a dummy business and claim it as a business expense, say you're a freelancer with an LLC or something in your name and have a friend transact a dollar for an AI generated art commission or some lazy shit like that. you might be able to claim this for commuting to work too but not sure how that works if it's not your business, also something to look into

>>51553044

>>51553044

Just depends on the lease, the car, etc. In my case, it always makes more sense to buy. I barely drive, and I can easily afford and own a $28k brand new car in 3 years.

Some people I work with lease their entire lives. But, it's retarded. They lease $60k cars and their payments are insane (one was like $600/mo). I'm not a car guy, so I don't really give a shit about "my ride". As long as it gets me from point A to point B without any problems. Plus, my new car has a 10yr electronics, engine and transmission warranty, a 5 year body and wheel protection warranty, and a 4 year body paint and interior protection warranty.

So, in my case, I get a brand new car, paid off in 3 years, with a $218/mo payment, that gets 30 mpg and a 10 year warranty for the important shit.

Meanwhile, my coworkers don't even own the car, but pay $600/mo, until they buy another overpriced car. Sadly, someone actually hit this guys car at a concert and now he has to pay $500 out of pocket before the insurance kicks in, he has to wait 2 months now and rent a second car.

>>51553362

Great movie btw

>>51553552
150-200
>honda civic

>>51553044
buying a new car is even worse, you should go with a 1-3yo, easily 50% cheaper than new price but essentially the same

>>51553552

Lmfao, one day when we're making $250k combined, honey, we can afford that Honda Accord

>>51553708
50% is kind of a stretch for 1-3 yr.

>>51553487
you need an LLC in the US? What if you are a contractor?

>>51553708

Not over the last 2 years. My local Toyota dealer had 2020 Corollas for $22,000, 2021 Corollas for $22,500, or 2022 Corollas for like $22,750. It didn't really matter. Even the used Corollas were all naturally within $1k of each other. At thst point, you might as well get the new car for an extra $2k and get the 10 warranty.

Maybe by you it's different.

>>51553044
Depends on the car. Luxury vehicles are the only kind that it makes sense to lease.

>>51554106
how likely would it be to walk in with 19k in cash and buy a 22k car

>>51554125

Pretty easily. I walked in and bought a $26k (total price) car BRAND NEW, not even test driven by any customers. Extended the 5 year warranty to 10 years for $1k (I smooth talked the finance guy) and got a bunch of other shit for free basically. Traded in my old pos car for $12k when used car prices went out of control.

You do realize used car prices went up WAY more than new cars right?

Also forgot to add, it's easier to lowball people on Facebook marketplace than to haggle with a dealership. They mostly just want the thing sold and gone and will take a big price cut, especially women who don't understand how money works.