Why not go for 15k miles and pay for any overages? My $0.02.
I can get you one for $10-20K over from the dealer I got mine from
I would finance it via a Credit Union. Weāve gotten 4.5% on it and take the tax deductions
Also, just make sure she doesnāt have employees asking for raises at work, it really does happen . Draws too much attention.
soooooooo you got a g wagon but you can only pay me minimum wage? Okkkkllkayyyyy bye
That was a problem with my broker. He doesnāt make much money from the office since the market has dried up but he makes it on his flips. Which means it looks bad when the secretary doesnāt get paid all that much lol.
I still donāt understand why youāre not better off buying. If itās for her business use, you can take accelerated depreciation or bonus depreciation that should be more beneficial than deducting lease payments. You donāt have to pay the high interest cost of a lease. And you avoid the acq fee and penalty for buying out the lease at the end? What am I missing?
Residual is 50% at 15k
35% at 25k.
My intent is to buy and keep or sell to capture equity.
Payment difference is 24k over 48 months
Mileage excess + residual diff is 40k.
@WeakestLink i may be wrong but I donāt have to worry about income recapture when I sell and lose some of the tax benefits. With lease she can expense the full business portion each month. I donāt get the huge immediate benefit but itās there over 48 months and donāt have pay a lump tax payment upon selling.
In my calculations I come out ahead on tax benefit this way assuming I sell it at same price at X time.
So again Iām new to the lease game but is this correct?
Looking at the math the lease is about $180,000 to drive for 48 months, you will pay $20,000 for excess miles and then thereās still a buy out at the end of $70,000?
So you are banking on the G63 to be worth say $120,000 and pocket the $50,000 equity? That may be all well and good but the $200,000 you spent is gone?
I guess thereās a reason why I donāt know anybody on the G forum who has leased.
Where do you think the depreciation and interest go on a finance?
I picked mine up today and on the way home put a deposit down on a 24. Holy s**t how is this a real vehicle?!?!
Wait, what? Why?
Congrats! Show me that pretty kick ass blue in person
This is all I want to drive for the rest of my life.
It looks $25,000 sexier than mine
Also Mr. Serdar Can may be a countryman of mine!
Lots of factors including length of loan and rate, and depreciation depends on how long you keep. I agree four years ownership and 80,000 miles it will depreciate a good amount.
Sounds like you got it figured out! Post pics once you take delivery.
Where are the Rolexes and Platinum cards??
Congrats! Yes itās addicting. Iām on my third.
Sold them to afford this.