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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Today's Featured Article - A Brief History of Tractors in Australia - by Bob Kavanagh. After Captain Cook's exploration of the east coast in 1770 the British Government decided to establish a penal colony in Australia. The first fleet arrived in 1788 and consisted mainly of convicts who were poorly equipped and new little of farming techniques. The colony remained far from self-supporting and it was not until the early 1800's that things started to improve. Free settlers started to arrive, they followed the explorers across the mountains and where land was suitable set up farms. T
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