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Originally Posted by Dasm3nd
Quote:
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Originally Posted by KennyPowers
buying
the residuals will suck and in texas you pay taxes on the entire value of the car even on a lease.
if I love the car and the LCI with comp pack is enticing, I could possibly trade in on one in a few years, but I love the car as is.
I plan to finance because the market has done well, and I will allocate that extra cash to paying my house off faster. My plan is to put down 30k on a 70k car and borrow 40k. I own my m3 outright, so I hope that the trade will cover the 30k, taxes and fees and get a few K back in my pocket.
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I also want this car to be my daily driver. If I do that, then 15-17k miles per year.
I don't know how the car will do after 4-5 years.
I also can't figure out whether to lease or buy as I do have my own business so could take advantage of this.
Any input is welcome. |
Oh man you should def lease if you can write if off on taxes at least for the term of the lease. Then maybe buy it out at the end or get a newer one. LCI will be out by then