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03-02-2008, 12:16 PM | #4 |
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Well at the price you'd be paying for the 135i without the insane lease rates, you might want to check out 335i.
VW GTI is relatively cheap, and I just priced out an STI, and they have 5.9%. I don't think the A3 is a competitor, so long as you want 6mt, since the 3.2S only comes in DSG.
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03-02-2008, 04:51 PM | #8 |
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03-02-2008, 05:11 PM | #9 |
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I'll be purchasing too...
...something, but it may not be the 135 after all. I'm a little disappointed with the 20% price difference, and my E46 is still zipping along nicely. So recently I've been thinking about trading in my Miata for a new summer toy. Decisions, decisions. :wink: |
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03-02-2008, 07:15 PM | #10 |
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Financing here... going 60 months.. at the 6.75%.. unless something drastic changes.. isnt much other there that is close and i think the 335i is to long for what i like and those stis/evos dont have the luxury factor i am looking for.. if everything goes soar i rather keep my tsx with the lack of power.. at least i have decent luxury and reliability..
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03-02-2008, 07:25 PM | #11 |
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03-02-2008, 07:29 PM | #12 |
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To the extent you use your car for business purposes (e.g. sales, etc), then you can write off a proportional share of lease costs (or depreciation if purchased/financed) and operating costs..
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03-02-2008, 07:34 PM | #13 |
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So there could be a reason to lease in Canada, other than potential lower payment.
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03-02-2008, 07:52 PM | #15 | |
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I agree 100%
Quote:
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03-02-2008, 07:52 PM | #16 |
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If you purchase or finance, you can also deduct depreciation for the use of your vehicle for business purposes (it was 30% of declining balance when I was Finance Mgr many moons ago) - so the fact that you can deduct vehicle expenses for tax purposes doesn't necessarily lead one in a particular direction as to how to pay for the vehicle..
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03-02-2008, 07:55 PM | #17 |
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Mostly YUK IMO
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03-02-2008, 08:06 PM | #18 | |
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What I wanted to know is was there more than one reason, in Canada, to pay for your vehicle in cash other than tell everyone that you are online. Seems you've answered my question. |
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03-02-2008, 08:36 PM | #19 |
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Well of course... anything else is a settle. But hey.
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03-02-2008, 09:14 PM | #21 |
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03-02-2008, 11:04 PM | #22 | |
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Quote:
Depending on how much you use the vehicle for business purposes, you can claim a good chunk of your mileage. I usually claim around 30-40% to avoid being audited. I don't think I could ever buy a car in cash, not when it's actually substantially more beneficial to do it this way and take advantage of the tax breaks.
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