Porsche

[afterhours]

Maserati, its always better to buy 2nd hand maseratis because the price drops alot even with a few thousand clicks. If not the 2nd option is dealer, brand new

I would only lease it, unless you like to spend time in the garage chatting with mechanics. The new one is coming up by the way, and it's in about high 5 series/E class range.

 

[afterhours]

If you have the money to buy a porsche might as well buy a GT-R or rari

by the age in which people have money to buy a porsche, they are not interested in GT-Rs

 

[George The Curious]

There was a segment on Top Gear where they swabbed several used cars and found mucus and saliva all over the dash board from people sneezing on it for years, urine and feces on the steering wheel from people not washing their hands after going to the bathroom, urine, feces, and vomit on the seats. Never buy a used car, certainly not a high end used car.

All of these things can be cleaned up. If you were so paranoid about human wastes, then you should never ride bus, subways, push elevator buttons, or let me ask you: did anyone else ever live in your house before you moved in?

 

[Ceiling Cat]

I thought you can only write off up to a certain amount monthly, unless you are in business of chauffeuring clients around? 911 plus panamera would be way above that number.

You are right, only a certain portion of the car can be written off as a business expense, I do not have the exact figure, but it is about $50K. Any excess cost to the car comes out of your profits from the business. I was told by a car dealer owner that 80% of his cars are leased so that companies can give their execs nice new cars every three years.

All of these things can be cleaned up. If you were so paranoid about human wastes, then you should never ride bus, subways, ( I never do ) push elevator buttons, ( I poke the button with a key ) or let me ask you: did anyone else ever live in your house before you moved in? No!

.........and I bring a napkin when I go to public toilets so that I do not have to touch the door handle when I leave.

 

[George The Curious]

... And how many cats do you own?

 

[Ceiling Cat]

... And how many cats do you own?

If you owned a cat, then you will know that they are smarter, cleaner and more reliable than most people.

 

[rld]

When is a person able to afford something? Each person has his opinion. I know a guy that drives a used BMW 5 series car that he can barely afford to have because he has two other cars in the family and this is his almost 12 year old plaything that he has to pump money in for insurance and upkeep. He is a middle manager and can not deduct any of the cost of owning this vehicle. He has the car because it is his idea of prestige and esteem. Therefore he can not truly afford to have this toy. I know another guy that has a Porsche 911 and a Panamera, he off loads the cost and upkeep on to his business. As long as you are in the business where you may need to entertain clients and your business is making money and paying tax dollars to the Gov. this will be allowed. The second guy can easily afford to have these cars since it does not cost him a cent. Many people that have these high buck cars have the cost of the car and upkeep paid for by their businesses.

You clearly do not understand how writing off a vehicle to a business works. Doesn't cost a cent? Really?

 

[rld]

You are right, only a certain portion of the car can be written off as a business expense, I do not have the exact figure, but it is about $50K. Any excess cost to the car comes out of your profits from the business. I was told by a car dealer owner that 80% of his cars are leased so that companies can give their execs nice new cars every three years.



.........and I bring a napkin when I go to public toilets so that I do not have to touch the door handle when I leave.

I have no idea why you bother.

The current leasing write off limit is $800 a month. Far short of 50k a year.

And no way you cut it is the car ever "free".

It just allows you to pay for part of the car with pre-tax dollars instead of post tax dollars.

 

[Ceiling Cat]

You clearly do not understand how writing off a vehicle to a business works. Doesn't cost a cent? Really?

The vehicle upkeep, insurance and fuel cost is a business expense, You can write off what is within reason.

I have no idea why you bother. ( To piss you off? )

The current leasing write off limit is $800 a month. Far short of 50k a year.

This is the part that you do not understand, it is $50K on the vehicle. not $50K a year. So if the business owner chooses to have a Accord V6 with moon roof and leather seat at $48K he is allowed full deduction. Should the business owner chooses to have a $100K Panamera, he is allowed a $50K deduction on the car and the rest is paid for out of his profits from the business. If he leases for 60 months ( 60 x $800 = $48K deduction ) and turns the car in at the end, he is allowed that too.

The business owner may have to pay some portion of the car expense because it exceeds what is allowed, but in some cases it may be beneficial because it is paid out of earnings.

And no way you cut it is the car ever "free".

The government will allow you to deduct the cost of a vehicle if you require it to do your job, a real estate broker that sells 30 or 40 multi million dollar properties will be allowed his Panamera or whatever high buck car he chooses, the roofer will be allowed his $150K tar truck if he can demonstrate that it is necessary for him to make money.

It just allows you to pay for part of the car with pre-tax dollars instead of post tax dollars.

Why do you think the market is glutted with 4 and 5 year old off lease luxury cars?

 

[red]

i thought the limit on the value of the car was 30 or 35k?

 

[Ceiling Cat]

i thought the limit on the value of the car was 30 or 35k?

That $35K figure seems old to me, but assume that it is higher now. A luxury car leased for 5 years still retains value. So a business owner can still drive the $100K leased car and at the end of the lease turn it in for residual value. Any excess from what is allowed will be paid by the business owner.

 

[red]

i doubt you can claim a lease expense and then put the rest through the business without cra at least attributing it as income, if not as something worst

 

[Ceiling Cat]

If you work within the Max. $800/mo. allowable limit, you would be allowed to do so. If the least is $1200, the balance of $400 is not allowed and it is at your expense. Of course you will have to demonstrate that the luxury car is necessary to your business.

 

[SirWanker]

Panamera or Cayenne

Which trim level are you interested in?

 

[danjay]

V6, automatic ... after that, not that particular.

 

[exploration]

the dangers of a rwd in the winter is really over rated. We live in an area that during winter.. most if not all of our roads gets shovelled. yes there would be the odd day some other car might be more suitable but really.. 99% of the days in the winter you are fine.

I drive a 550hp RWD car... and over the past 365 days.. there was one snow day i couldnt drive my car.. it was that day that no other car could really move regardless.

get a good set of winters and drive with a safe mindset. there is enough technology in these cars now that you really wont be slipping around.

As for the porsche. I am a fan of a mix of creature comforts and performance. how I typically do it is I look at the option and if I cannot seriously see myself use it more than 5 times a year or notice it when I drive... I will skip it.

Porsches are fun.... enjoy yours

 

[RemyMartin]

What kind of 550hp car you drive?

 

[OddSox]

High HP + rear wheel drive = FUN on ice.

Fixed.

 

[IRIS]

Panamera or Cayenne

For me, those cars are not porsche just something what is far away from a real porsche, but understandable if someone choose those cars.
I like the 911 turbo, Carrera, gt3rs. I like the classic bodystyle 2 seats porsches only, with brutal force.
Any other porsches just not a real deal for me. I don't like the boxsters either. Panamera and Cayenne are nice, fast but too comfortable and something missing.If you'll ever drive a Porshe Carrera Turbo on a german autobahn, you'll understand me. It's my opinion

 

[afterhours]

For me, those cars are not porsche just something what is far away from a real porsche, but understandable if someone choose those cars.
I like the 911 turbo, Carrera, gt3rs. I like the classic bodystyle 2 seats porsches only, with brutal force.
Any other porsches just not a real deal for me. I don't like the boxsters either. Panamera and Cayenne are nice, fast but too comfortable and something missing.If you'll ever drive a Porshe Carrera Turbo on a german autobahn, you'll understand me. It's my opinion

the problem with that proposition is that Canadian insurance fucks up those who drive as if they were on a German autobahn, plus shitty Canadian roads fuck up your low profile tires and sport rims.