Terrible Depreciation
MBWorld Fanatic!
Joined: Feb 2003
Posts: 5,983
Likes: 21
From: Vegas and Vancouver, BC
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I have been poking around depreciation rates on AMGs. I was horrified at what a '07 CLS63 is selling for nowadays. A $100k car a year ago, can be had between $65k and $73k with mileage under 20k depending on price.
Last edited by Sincity; Aug 31, 2008 at 01:38 PM.
MBWorld Fanatic!
Joined: Jan 2008
Posts: 6,621
Likes: 55
From: Naperville, IL/Chicago
2008 CLK63 Black Series 2012 C63 Black Series 2014 SLS Black Series
I realize that, but I can still write off a portion and the bottom line is that it keeps a few more bucks in my (and my companies) pocket vs. buying out right in my own name...at least that is what my accountant tells me.
MBWorld Fanatic!
Joined: Feb 2003
Posts: 5,983
Likes: 21
From: Vegas and Vancouver, BC
.
Bottomline is to keep as much of your hard-earned money (well maybe not you since you are on the web during work hours like myself
) in your pocket rather than the IRS.
