High end sports cars rarely depreciate much (e.g. the car I bought for $105k back in 2017 is still listing for $88k these days; the car that I now want was $440k now in 2018 and is still listing at $420k today) so if you've got the money and can claim nominal depreciation as a business expense, then go for it.
Most of it comes down to depreciation and tax effectiveness anyway.
At the end of the day most of my expenses come in the form of tax (income tax/land tax/etc) so what do I care about the rest - might as well live a little - esp if the actual cost of running a nice car is only around $5-$7k a year after tax.
Most of it comes down to depreciation and tax effectiveness anyway.
At the end of the day most of my expenses come in the form of tax (income tax/land tax/etc) so what do I care about the rest - might as well live a little - esp if the actual cost of running a nice car is only around $5-$7k a year after tax.
Statistics: Posted by justworld — Fri Jun 14, 2024 4:56 am — Replies 41 — Views 1676