in the past i have bought my cars cash always to avoid a car payment.
however, my friends (who owns a hair salon, i.e. is self employed) told me she leases her car because it's tax deductible.
i am buying a new car this week and am now contemplating financing or leasing. Really, i prefer to finance though because i don't like the concept of leasing, but again this depends on the tax issue.
I have the cash for the car. My car now is worth about $25k and the one i want is $22k. I'm just sick of my car that's all. However, I could use the cash both as a cushion and for expenses for my RE investing (I get that back as soon as the house is sold, it's just nice to know there's more in case more repairs are needed which usually pays off exponentially in the end)
I invest in real estate and am a licensed realtor as well. So I pay taxes as an investor, realtor and entertainer.
What makes the most sense for me financially?



Reply With Quote



Bookmarks