Purchasing 2020 911S This Week; Any advice?
12-11-2019, 02:37 PM
#16
Thanks so much. I unfortunately don't own a large enough business to be able to write it off. We all definitely live once. "Experience over regret"- This is exactly what I needed to hear right now. Thanks man. Also, I see that you have a honda too! lol- good to see others in my position as well! Thanks again, sir.
12-11-2019, 02:51 PM
#17
Agreed with 95% of the posters about leasing. BMW et al are rental car companies. Once you factor at least 4-5% APR on the lease, plus the crap residual, a 992 is not a good lease. I wonder how many businesses can justify writing off a 911 for tax purposes, can't see it being many.
I researched; cash vs lease vs finance. I'm going to pay cash for most of the car and finance the rest. If you can get 3% on a loan, you can put the money you were going to put on the car in an index fund. You just have to balance risk at that point.
I researched; cash vs lease vs finance. I'm going to pay cash for most of the car and finance the rest. If you can get 3% on a loan, you can put the money you were going to put on the car in an index fund. You just have to balance risk at that point.
12-11-2019, 10:28 PM
#18
Absolutely. I'm just trying to get everyones opinions and advice. I appreciate everyones responses, including yours. I definitely will be speaking to my accountant and will continue educating myself. As i mentioned in the previous post; i dont want to make a poor financial decision and would like to continue to be able to get a porsche again in the future. Really appreciate your info. Thanks again!
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Caliporsche (12-12-2019)