Posted by coshoo on September 08, 2017 at 09:26:06 from (65.101.140.91):
In Reply to: Leasing posted by 41106 on September 07, 2017 at 20:31:35:
Lease if you need a newish vehicle for image sake, you're high income so the write-off of all the lease payment by your business gives a tax advantage over the normal 7 year depreciation on owned vehicles, and you drive less than 12,000 miles a year. Just figure on turning the car in and leasing another when the time comes, and paying that monthly lease payment forever. If you think you might want to buy it after the lease, you'll probably be better off buying it at the outset. And be sure you stay within the allotted mileage- they really hose you for extra miles.
As for Dave Ramsey, his advice is not so good if you're looking to make money outside your salary or wages. It takes money to make money- I'm sure a lot better off having judiciously used credit than if I had done a "debt free scream" and then just saved up for things rather than using credit.
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Today's Featured Article - Fasteners: The Nuts and Bolts of Nuts and Bolts - by Curtis Von Fange. The nuts and bolts of nuts and bolts is an interesting and essential piece of knowledge that applies to our older tractors. An improperly torqued capscrew on an engine head or a shear bolt that is too hard on the driving shaft of a bushog can create havoc and make an expensive and uncalled for repair. Let�s examine the purpose and design of these fasteners in order to ensure their proper use. Fasteners are probably one of the aspects of mechanics that is given the least amount of thought.
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