Quote:
Originally Posted by onewhippedpuppy
A few counterpoints. Purchasing a new car outright can be used as an expense to reduce net income for tax purposes, my in-laws do it nearly every year with their business.
Maybe it's conservative, but I don't agree with borrowing to invest. That's essentially what you're doing by leasing the car, borrowing the money for the car so you can invest the cash elsewhere. That mentality has led to a lot of problems over the last few years. Remember, you should never invest money that you can't afford to lose.
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If the vehicle depreciates more than the residual, you saved more than the interest you spent. The majority of luxury-marque leases are subvened, so the 'interest' is often less than 3%.
My current Nissan lease is less than 1/2 of 1%