[uniqueMR]

Originally Posted by rjd598

how is it "free"? actually curious

The car becomes free as you deduct all the payments, maintenance, fuel, miles driven, etc. on your business tax returns. So you save on taxes.

And remember, businesses pay taxes on Net Income. Whereas, employees pay taxes on Gross Income

[M3Fahrer]

Anyone know the current Money Factor and residuals for the F90? Also, the Money Factor for Euro delivery would be great too. Thanks

[mjr24]

Originally Posted by uniqueMR

The car becomes free as you deduct all the payments, maintenance, fuel, miles driven, etc. on your business tax returns. So you save on taxes.

And remember, businesses pay taxes on Net Income. Whereas, employees pay taxes on Gross Income

Meh.....it's not "free". Let's say I had $3k per month to write-off for auto expenses. Yeah, you could buy a $3k/mo car and write it all off. I personally would rather take a $1500/mo car and write that off and then pay the tax on the remaining $1500 and pocket that for something else. It's still an expense that is taking money out of your pocket.

[rjd598]

Originally Posted by uniqueMR

The car becomes free as you deduct all the payments, maintenance, fuel, miles driven, etc. on your business tax returns. So you save on taxes.

And remember, businesses pay taxes on Net Income. Whereas, employees pay taxes on Gross Income

there's what i was looking for!

[windtendo]

Originally Posted by uniqueMR

The car becomes free as you deduct all the payments, maintenance, fuel, miles driven, etc. on your business tax returns. So you save on taxes.

And remember, businesses pay taxes on Net Income. Whereas, employees pay taxes on Gross Income

Unless your vehicle is being used solely for business purposes (no personal use AT ALL), you wouldn't be able to deduct 100% of the payments, fuel, etc... You gotta be careful with this.

Here's a good read for anyone curious about business tax deductions:
https://www.thebalance.com/caution-w...ctions-3866098

[uniqueMR]

Originally Posted by windtendo

Unless your vehicle is being used solely for business purposes (no personal use AT ALL), you wouldn't be able to deduct 100% of the payments, fuel, etc... You gotta be careful with this.

Here's a good read for anyone curious about business tax deductions:
https://www.thebalance.com/caution-w...ctions-3866098

Yup, I agree.
Thanks!!