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Old 10-25-2005, 04:22 PM   #46
2005_330xi_BMW
Registered User
 
Join Date: Aug 2005
Location: Northern VA
Posts: 924
My Ride: 330xi
Quote:
Originally Posted by EDawg
actually, the smart thing is to lease your $40K car and invest most of that $40K, instead of putting that $40K cash in something that doesn't appreciate. the lease payments generally cover the depreciation of the vehicle, plus the return you are getting from your investment will offset part of that depreciation. furthermore, with leasing you only pay tax for the "portion" of the car you use instead of on the whole car itself. basically, after a 3 year lease on a $40K car, you will pay tax on maybe $15K-$17K instead of the whole $40K. just something to think about...
I like your train of thought, but anyone giving investment advice and telling you to LEASE won't get much respect. Leasing is like rent, throwing money away.
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