You also have the current situations with foreign capital flight into the US. That could literally dry up completely at any moment or it could drag out another year or two.
More good news. New car sales aren't holding up as well as Sugar Bowl tickets. Makes sense for UAW members to vote for their own extinction. Building cars is a dirty business and should be conducted offshore.
Good for the consumer. This should teach people they don't need to spend their money in "investments" that depreciate when you drive them off the lot every 3 years
Buying a new car is silly(I typically just lease) but we can add buying a new automobile to buying a house to the list of the things that people in their twenties can forget about going forward.
Of course those things have gone up. My income tax has gone up from when I was 18. I don’t lament the days of paying those low income taxes with the salary I was making then.
I’ve done both. Less potential headaches with the lease. I did use the Sec179 a couple of times on purchases that worked out well, but some of the provisions that made that so attractive have gone away, per my CPA, so for company vehicles, I’ve been leasing the past 2-3 of years. We have a couple of dealerships that we work with, so the DP on a lease is almost nothing, and the monthly’s are lower. Not really all that interested in leftover equity on a Range Rover or Chevy Suburban. If I didn’t have the S-Corp I might be more inclined to purchase, but I see little value in buying new.
You can’t relate so I don’t expect you to understand.
I thought we weren't supposed to talk about your personal situations and what the average American was facing. The vast majority of Americans are not business owners so your situation isn't applicable. My advice is what most Americans should be following….as usual.
Comments
The actual, specific amounts aren't the point. They've gone up substantially.
You also have the current situations with foreign capital flight into the US. That could literally dry up completely at any moment or it could drag out another year or two.
More good news. New car sales aren't holding up as well as Sugar Bowl tickets. Makes sense for UAW members to vote for their own extinction. Building cars is a dirty business and should be conducted offshore.
Good for the consumer. This should teach people they don't need to spend their money in "investments" that depreciate when you drive them off the lot every 3 years
12.6 > 3. If you need some more help with remedial math, let us know. You do have boot licking down though.
cars are more reliable now
They’re also a lot less affordable
Buying a new car is silly(I typically just lease) but we can add buying a new automobile to buying a house to the list of the things that people in their twenties can forget about going forward.
I guess that’s a good thing?
Of course those things have gone up. My income tax has gone up from when I was 18. I don’t lament the days of paying those low income taxes with the salary I was making then.
Leasing is a dumb idea too. Buy one fucking car and drive it into the ground.
Everyone you buy or lease a car, you might as well just burn your cash in a fireplace.
Not if you have an LLC or S Corp. Guessing you don't have one of those.
lol
2 LLCs Bob and I get what you’re you’re getting at but as you’re fond is pointing out, most people aren’t me
How much have they gone up for you in two years?
@sledog The value of my LLCs? Quite a bit.
I’ve done both. Less potential headaches with the lease. I did use the Sec179 a couple of times on purchases that worked out well, but some of the provisions that made that so attractive have gone away, per my CPA, so for company vehicles, I’ve been leasing the past 2-3 of years. We have a couple of dealerships that we work with, so the DP on a lease is almost nothing, and the monthly’s are lower. Not really all that interested in leftover equity on a Range Rover or Chevy Suburban. If I didn’t have the S-Corp I might be more inclined to purchase, but I see little value in buying new.
You can’t relate so I don’t expect you to understand.
HTH
I thought we weren't supposed to talk about your personal situations and what the average American was facing. The vast majority of Americans are not business owners so your situation isn't applicable. My advice is what most Americans should be following….as usual.
DM me if you want help with your taxes.
lol