Too good a deal to pass up on new 2013 E63 Biturbo
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LOL this was quite the good statement to start my Monday... but he is smart and contagious
Congrats Eric I guess yet again- money is relative so you did lose some here and there in regards to your trade and registration paid Im sure but its what floats your boat I guess.
I swap cars alot but I dont start with one, then get another, then get the same as the first, then get the same as the second ....... LOL I had to say it.
Congrats Eric I guess yet again- money is relative so you did lose some here and there in regards to your trade and registration paid Im sure but its what floats your boat I guess.
I swap cars alot but I dont start with one, then get another, then get the same as the first, then get the same as the second ....... LOL I had to say it.
Last edited by Vic55; Jul 29, 2013 at 11:21 AM.
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2013 E63 AMG
LOL this was quite the good statement to start my Monday... but he is smart and contagious
Congrats Eric I guess yet again- money is relative so you did lose some here and there in regards to your trade and registration paid Im sure but its what floats your boat I guess.
I swap cars alot but I dont start with one, then get another, then get the same as the first, then get the same as the second ....... LOL I had to say it.
Congrats Eric I guess yet again- money is relative so you did lose some here and there in regards to your trade and registration paid Im sure but its what floats your boat I guess.
I swap cars alot but I dont start with one, then get another, then get the same as the first, then get the same as the second ....... LOL I had to say it.
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From: THE Orange County, California
2024 C8 Z06- 2025 BMW CS- 2022 Porsche 992 GTS
Thanks Vic. Of course I recognize this swap was not a money maker for me, but given the deal terms I know I lost a lot less than the average Joe doing a similar transaction. As far as repeating past cars, I think I'm just in love with the C63 and E63, and can't help myself from getting the latest model of either when the deal's right. In a perfect world, I would have enough money to own both at the same time.
And you are right about using the leasing bit to avoid lump sum sales tax...
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Not necessarily, you can roll all your drives into the net cap. So if he is doing that and then only losing 4-5k on trade at the time of the new car he is actually not doing that bad.
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Only lost non-depreciation expenses are in this care are lease acquisition fee (about $695) and registration (about $650). So if I traded this car tomorrow, I would only be out the lease acquisition fee of $695 instead of the otherwise $9K or so sales tax paid under purchase (registration paid in both cases, so doesn't matter).
Last edited by xtyper; Jul 29, 2013 at 01:52 PM.
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Bottom line, for rapid new car flippers, the proper comparison here of non-depreciating expenses is mostly lease acquisition vs sales tax, since registration is paid in both cases.
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And that's exactly what I did. Besides the non-recoverable lease acquisition and registration fees typically required up front, they also ask for first month's payment. However most of that first month payment immediately goes toward lowering your outstanding payoff (cap cost), so I don't consider that portion lost.
Bottom line, for rapid new car flippers, the proper comparison here of non-depreciating expenses is mostly lease acquisition vs sales tax, since registration is paid in both cases.
Bottom line, for rapid new car flippers, the proper comparison here of non-depreciating expenses is mostly lease acquisition vs sales tax, since registration is paid in both cases.
The dealer might have used that to aborb some of the extra equity they created with your trade.
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2013 E63 AMG
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Only lost non-depreciation expenses are in this care are lease acquisition fee (about $695) and registration (about $650). So if I traded this car tomorrow, I would only be out the lease acquisition fee of $695 instead of the otherwise $9K or so sales tax paid under purchase (registration paid in both cases, so doesn't matter).
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