Sure, its the same as renting a house - continuous cost to own a car.
I prefer to buy your returned car with cash from the offset account (lower interest rate)
Take advantage of the huge depreciation
Own it for 5 years
Repeat.
I usually pay about half the new price, have never in 25 years had any major repair bills (a common sales technique for leasing) and I utilise the extra funds to invest in capital growth.
In addition the cash is loaned to my business as a directors loan so the cost is fully deductible.
Each to their own.
- Forums
- Property
- What interest rates rises will do
Sure, its the same as renting a house - continuous cost to own a...
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)