SL/R230: SL500 lease?
#51
Member
Originally Posted by internet_mafia
I would just like to know what kind of business allows you to justify writing off lease payments for a 100K car, a convertable at that?...
For this older SL I paid NZ$15,000 deposit on a NZ$48,000 selling price, and of course the interest is fully deductible, as is maintenance and repairs. In return, I use it solely for business, but it's not that hard to ethically and legally combine personal within the business use.
Like several otheres here, I prefer to be debt free, but I chose to finance the SL solely because it was a business expense - whereas I paid cash for my wife's 99 SLK and our 99 Suzuki Grand Vitara.
Robert Kyosaki of "Rich Dad, Poor Dad" fame presented the best way to buy a vehicle. According to one of his books, his wife wanted a Mercedes convertible. So they went out and bought some self-storage units. The income from this commercial property transaction not only paid for itself, but the MB lease as well. At the end of the lease period, he said they not only had the Merc paid off for "free", but the property and its continuing income.
That's a better way of offsetting income against depreciating assets, since there's no hard money involved.
Ken Silver
--------------
~1993 SL500, glistening triple black, xenons, AMG facelift to 2002 style.
~1999 SLK 230 Kompressor, silver/black leather, CD, immaculate
~1999 Suzuki Grand Vitara. black & silver
~1991 Jaguar Daimler, shiny grey/grey leather, best in country!
~ex 350SL, 230E, 280E, MX5 and a lot of other makes not nearly as nice.
Last edited by Ken Silver; 12-15-2004 at 05:53 AM.
#52
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'04 S430 4 Matic and '05 997
Originally Posted by david_101
......the result i suppose would be to understand how one could best squeeze every bit of value out of one's hard-earned money. and that's a worthy endeavor.
thank you again,
david
thank you again,
david
The way to understand "how one could best squeeze every bit of value out of one's hard-earned money" is simply not to buy an SL. This is the wrong forum if you're concerned about VALUE.
#53
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SL500 and A-CLASS
Originally Posted by pilot20
The way to understand "how one could best squeeze every bit of value out of one's hard-earned money" is simply not to buy an SL. This is the wrong forum if you're concerned about VALUE.
#55
Senior Member
My wife and I have purchased two SLs in the past 60 days. Personally, I believe having an SL is a great value in several ways:
#1. It feels good. I've spent enough time suffering being poor as a youngster, 7 years as a Marine and 8 years in college as a starving student. The pleasure I derive just by peeking in the garage is priceless.
#2. They're safe. What's your or your family's life worth? Expensive cars will save your life more than cheap ones will. (Besides, who wants to die in a ford escort?)
You pass thru life once and what better way than in an SLxxx?
#1. It feels good. I've spent enough time suffering being poor as a youngster, 7 years as a Marine and 8 years in college as a starving student. The pleasure I derive just by peeking in the garage is priceless.
#2. They're safe. What's your or your family's life worth? Expensive cars will save your life more than cheap ones will. (Besides, who wants to die in a ford escort?)
You pass thru life once and what better way than in an SLxxx?