Quote:
Originally Posted by jyl
I can see always rolling into a new car if you can write it off as a business expense...
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I buy new trucks because of farm use and tax write-offs...I depreciate them on a schedule based on where we are with the farm tax posture and then I pay off the loan, which is also deductible.
I keep the 1/2 tons a minimum of ten years. My 2014 Tundra will hopefully take me to the end of the farm ownership, we'll see. It stays parked a good deal of the time these days. So much the better.
When we sold my wife's 4Runner we bought used and then ran for 15 years and over 300k miles, we got a near zero interest loan on a 2020 4Runner that I just finished paying off. There was no reason to pay it off early with investment funds that were making a minimum of 5x the loans interest rate.
I hate interest payments unless they pencil out. The "monthly payment" metric is anathema to me.