Posted by coshoo on September 08, 2017 at 09:26:06 from (65.101.140.91):
In Reply to: Leasing posted by 41106 on September 07, 2017 at 20:31:35:
Lease if you need a newish vehicle for image sake, you're high income so the write-off of all the lease payment by your business gives a tax advantage over the normal 7 year depreciation on owned vehicles, and you drive less than 12,000 miles a year. Just figure on turning the car in and leasing another when the time comes, and paying that monthly lease payment forever. If you think you might want to buy it after the lease, you'll probably be better off buying it at the outset. And be sure you stay within the allotted mileage- they really hose you for extra miles.
As for Dave Ramsey, his advice is not so good if you're looking to make money outside your salary or wages. It takes money to make money- I'm sure a lot better off having judiciously used credit than if I had done a "debt free scream" and then just saved up for things rather than using credit.
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