Well said 
20202020202020
I passed the CFP exam two weeks ago and with many of the deals I see on here I’ve been converted to leases. I’ve always bought brand new cars at 20-40% off of sticker but I’ll most likely be leasing my next one since I’d prefer a new one every 2-3 years.
In California lease has a huge advantage for people who change cars often as we have high sales tax and we dont have a tax allowance on trade in
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@chevysalesgirl hit the nail on the head. I’ve given up on trying to help people buy cars, it’s brain damage. If they have any brains and they know that you are knowledgeable they will appreciate the advice, some people are just impossible to convince that leasing is the way to go. I’ll offer once to help but I’m not hounding anyone about it.
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That’s car sales 101
Thanks for the input. On a related note, I now have this: 2018 Hyundia Santa Fe SE AWD w/ premium package 322/month + First mont, taxes, DMV, Doc
Lease is good for a business as a write off.
By the way, convince everyone they need a business. you don’t need sales. you just need the paperwork that shows you have a business so you can have deductions. try convincing someone that has an hourly or salary job to go out and create a sole proprietorship. When your ducks line up, a lot of decisions are no-brainers.
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What I have learnt is that, some times its much harder to convince the older folks but heres a pitch still to try and it works for me 90% of the time.
Cars aren’t built the way they used to be built and that’s a fact. Cars 3 decades ago had material and build quality that used to last for a good number of decades. Quality has been falling year after year and I dont care what car you drive, the case is same. Whether its domestic, Japanese, German, heck even chinese built swedish…
The reason is simple, car makers have much more competition then they used to have decades ago. Model lineups of 2 or 3 vehicles are now at 8 or 10 and if you add trims to it, it can go all the way up to 17 or 18. (Civic alone has like what sedan, coupe, hatch, si coupe so hatch, si sedan and type R). On top of that, generations used to last for 5 years, now that has been reduced to as low as 3 years ( camry has been redesigned every 3 years now).
Now imagine, all the money spent in R&D on these by the company and then to come back out with another model in 3 years. How do they keep profits or heck even grow profits?
New Tech Look at the tech on cars today compared to the cars a decade or two ago. The numbers of computers, programs and etc is just insane now. The chances of this stuff breaking down or having issues as soon as warranty expires ?
10 years ago, I had a 5speed 2004 civic coupe in college, I owned it for 6 years and put a 130k miles on it. The only thing I worried about but never had to experience was a burnt clutch, engine transmission mounts, shocks and thats about it.
Cars these days are not that simple. You not only have so much more in gadgets, the worst part is thst some gadgets are all-in-one. For ex if your touch screen goes bad, its not just a simple control to your radio that you loose. You most likely loose access to your AC, your Navi, your bluetooth connected Phone and the list goes on and on and on.
Lastly, lets just say to you decide to fix these issues… before you look for prices on these parts which btw are mostly dealer only parts, imagine the cost of labor to replace these…
There’s a whole lot more to this, but then I guess this should be enough to explain. If you do succeed, do try to get the financial advisors contact info… im sure he is leasing his ride 
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Wait what, people who buy cars are brain damaged?
Let me ask you. How much benefit does one have over buying when it comes to tax advantages?
If I buy couldn’t I just deduct the miles or payments under the LLC too?
I think piece of mind knowing exactly what the car will be worth is the benefit of leasing.
Nice typo 
…
tax fraud, very smart…
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You want a peace of my mind?
see what I did there?
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Kinda off topic but… I’ve always run across this scenario with customers that have Terrible Credit. The first Question that comes to mind is “Where was this Financial Advisor on all your other Financial decisions?”
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He was out putting a deposit on his new toy, the S.S. Sucker, before swinging by the nudie bar to toss some $1s at some lovely young ladies. He then picked up a $12 latte at Starbucks on the way home after leaving the casino.
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Yeah this advice is terrible. Not even advocating sketchy tax avoidance strategies, just straight tax fraud. It should also include a disclosure that the person is not a lawyer and not giving financial advice.
Ask him why he’s advising to “invest” in a depreciating asset.
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Because it is not “investing”. Car is a need (most of the time), appliance. Just like washer or dryer.
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Because real life doesn’t follow simplistic rules of thumb.
And it’s a big assumption that the current trifecta (high RV, low MF, big discounts/incentives) can remain intact forever.
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