Mercedes S350 - What's the Point? - Page 3 - PeachParts Mercedes-Benz Forum

layback40 · #31 04-27-2013, 10:26 AM

Quote:

Originally Posted by spdrun

If you're pulling in $5MM per year, $100k is beer money.

Best you wait till your pulling in $5MM a year before making judgements like that.
I may only be pulling in about 35% of that, yet I can say $35k isnt beer money for me. What I "pull in" is real money as well. Not just lines on a bean counters spread sheet.
Far too often people have big ideas yet that is all they are ~ ideas or at best dreams.
In reality a dollar is a dollar no matter what you earn.
You dont accumulate assets by keeping a bank manager or financier employed.
If I had auto lease payments to make as well as wages to pay, there would be no beer money.
$800 per month is 9.6% pa on $100k & the car is probably depreciating at 20% pa. Why would you bother? You may as well go & sit on top of a sky scraper & throw $100 bills in the air.
We have an expression over here ~ "20c millionaires" ~ those that try & give the impression they are millionaires yet that dont have 20c to their name.
The time to get your $100k car is just after a financial crash when all the idiots on lease cant make their payments & the repossessions occur. Your $100k car can be bought for $25k.

Hatterasguy · #32 04-27-2013, 08:56 PM

Well the way I understand it because I haven't done it yet is if I buy a car in my business I do get to write the whole thing off in a year, but that is like spending $1 to save .30 cents give or take depending on the taxes your saving.

While a lease is 100% written off.

spdrun · #33 04-27-2013, 09:03 PM

Quote:

Originally Posted by Hatterasguy

Well the way I understand it because I haven't done it yet is if I buy a car in my business I do get to write the whole thing off in a year, but that is like spending $1 to save .30 cents give or take depending on the taxes your saving.

While a lease is 100% written off.

A lease is still a writeoff, not a 100% tax credit (if I understand it correctly).

layback40 · #34 04-27-2013, 09:03 PM

Quote:

Originally Posted by Hatterasguy

Well the way I understand it because I haven't done it yet is if I buy a car in my business I do get to write the whole thing off in a year, but that is like spending $1 to save .30 cents give or take depending on the taxes your saving.

While a lease is 100% written off.

Lease payments come off your taxable income. So they let you save 30c in the $ as well.

MBlovr · #35 04-28-2013, 08:27 PM

Quote:

Originally Posted by layback40

Best you wait till your pulling in $5MM a year before making judgements like that.
I may only be pulling in about 35% of that, yet I can say $35k isnt beer money for me. What I "pull in" is real money as well. Not just lines on a bean counters spread sheet.
Far too often people have big ideas yet that is all they are ~ ideas or at best dreams.
In reality a dollar is a dollar no matter what you earn.
You dont accumulate assets by keeping a bank manager or financier employed.
If I had auto lease payments to make as well as wages to pay, there would be no beer money.
$800 per month is 9.6% pa on $100k & the car is probably depreciating at 20% pa. Why would you bother? You may as well go & sit on top of a sky scraper & throw $100 bills in the air.
We have an expression over here ~ "20c millionaires" ~ those that try & give the impression they are millionaires yet that dont have 20c to their name.
The time to get your $100k car is just after a financial crash when all the idiots on lease cant make their payments & the repossessions occur. Your $100k car can be bought for $25k.

We had a financial crash and trust me there were no 100k cars to be had for 25K. I know, I looked.

C280 Sport · #36 04-29-2013, 11:14 AM

Quote:

Originally Posted by MBlovr

We had a financial crash and trust me there were no 100k cars to be had for 25K. I know, I looked.

Look at any 600 Mercedes or 7 Series BMW or AUDI A8. Given it some time they can be had for $25,000 and even less. The 129 SL600 and the 140 SL600 are a prime example. Maserati even as well.

Skid Row Joe · #37 04-29-2013, 12:53 PM

RE: $100K to $25K.......

Given enough time - they all become sub $5K beaters.

aklim · #38 04-29-2013, 11:53 PM

Quote:

Originally Posted by P.C.

If you had $100k to spend on a car, would you spend it on a diesel sedan?

HELL NO. NFW. NOT A CHANCE. FAWK NO.

On a gas sedan, probably not. Diesel? See above. If I had to choose between a gas and diesel, gas wins out everyday. Now it is summer and when I don't have to tow, I ride the Harley or drive the Vette. Screw the diesel. The wife likes it and she can drive it all day long.

For me, a new car doesn't make sense since I like to screw with it and make it faster. Probably a used Vette, bring it to Lingenfelter's or someplace like that, make it faster. After which, your warranty (the greatest thing about a new car) is done, and rightfully so since it wasn't made like that.