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View Poll Results: How are you going to pay for your BMW?
outright 12 31.58%
BMW lease 12 31.58%
bank or other lease / hire purchase 9 23.68%
salary package 3 7.89%
other 2 5.26%
Voters: 38. You may not vote on this poll

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      02-15-2008, 02:40 AM   #1
Sydneysider
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How are you going to pay for your new Bimmer?

1. buying outright
2. BMW lease +/- Circle
3. Bank or other lease
4. Salary package
5. other
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      02-15-2008, 08:24 PM   #2
WAY
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I would imagine some form of lease is the most popular due to tax implications etc. Hardly anyone buy cars outright anymore...
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      02-15-2008, 10:17 PM   #3
Swift135
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Quote:
Originally Posted by WAY View Post
I would imagine some form of lease is the most popular due to tax implications etc. Hardly anyone buy cars outright anymore...
If you buy outright and have the car in a business name the tax implications are the same if it is depreciated correctly, and you save $ on the interest, and can sell/trade whenever you wish.
By the way what is the method of payment in the OTHER category ?? sexual favours to the BMW dealership for the life of the car??
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      02-16-2008, 04:05 AM   #4
WAY
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Quote:
Originally Posted by Swift135 View Post
If you buy outright and have the car in a business name the tax implications are the same if it is depreciated correctly, and you save $ on the interest, and can sell/trade whenever you wish.
By the way what is the method of payment in the OTHER category ?? sexual favours to the BMW dealership for the life of the car??
True, but to me the opportuny cost of the capital expenditure can be better used else where. I guess it depends on the nature of the business and how much extra cash you have in the business and other capex requirement.

Good question about OTHER. Maybe by credit card? :biggrin: You can do it with an Amex black if you negotiate an agreed rate with the dealer.
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      02-16-2008, 10:03 AM   #5
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2k deposit, 17k down payment, 18k financed, another 2k in taxes when I pick it up

when I drive it off the lot...PRICELESS
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      02-16-2008, 10:24 AM   #6
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      02-16-2008, 11:31 AM   #7
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I don't like car payments, so am gonna write a BIG check for it.
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