if you own one
02-17-2004, 07:26 AM
#5
'RX-EIGHT'
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Originally posted by Ageo
im 20 and why own a car when its a liability? only own something thats going to give you something (financially) back.
im 20 and why own a car when its a liability? only own something thats going to give you something (financially) back.
In that case, you're never going to live life to the max.
Money's there to be spent.
Enjoy it while it lasts and while you can.
02-17-2004, 07:29 AM
#6
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hehe nojooc what i mean is that no point buying a car outright when all that money can be invested to make more, and you can settle to have finance with little repayments a month.
thats all.
and believe me i live life
P.S if your worrying about interest, its a tax deduction.
thats all.
and believe me i live life
P.S if your worrying about interest, its a tax deduction.
02-17-2004, 07:34 AM
#7
'RX-EIGHT'
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Confucius say : "Spend all your money quick as you can, otherwise it burn hole in your pocket!"
Nah, never really said that, but I guess that's how I live life.
Work *** off to earn max G's so I can surround myself with toys!
Nah, never really said that, but I guess that's how I live life.
Work *** off to earn max G's so I can surround myself with toys!
02-17-2004, 05:01 PM
#11
Shifty Bastard.
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Don't own one....this week....Winning Blue next week!!!
40, this year....
Co-incidentally, its also 40 years since Gomez, Lurch & Co first appeared...:D
Gomez
40, this year....
Co-incidentally, its also 40 years since Gomez, Lurch & Co first appeared...:D
Gomez
Last edited by Gomez; 02-19-2004 at 04:33 AM.
02-17-2004, 08:25 PM
#13
rev it up
I wonder how many more are born is September. I am 39.
I do not own the vehicle the bank does. My accountant has advised me to keep a logbook as he said in his words...I will get a s**t load back in tax.
This allows me to free up my funds to develop more properties and make more $$$.
SKC
I do not own the vehicle the bank does. My accountant has advised me to keep a logbook as he said in his words...I will get a s**t load back in tax.
This allows me to free up my funds to develop more properties and make more $$$.
SKC
02-18-2004, 01:53 AM
#16
trust me..this wont hurt
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Originally posted by Ageo
im 20 and why own a car when its a liability? only own something thats going to give you something (financially) back.
im 20 and why own a car when its a liability? only own something thats going to give you something (financially) back.
MX5.........24y.o
S7 RX7.....28yo
RX8..........33yo
02-18-2004, 04:54 AM
#18
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if your in business and can justify the car for business use,
you get gst back,
interest claim,
and depreciation of the cost price at 30% oer annum
if you work it out, you aren't actuallty substantially out of pocket and you can use your surplus cash funds for a useful purpose such as investing or paying off debt that you can't claim..such as a home mortgage
anyway, in my case i can pay extra tax or alternatively drive my red rx and have fun...hard choice!
you get gst back,
interest claim,
and depreciation of the cost price at 30% oer annum
if you work it out, you aren't actuallty substantially out of pocket and you can use your surplus cash funds for a useful purpose such as investing or paying off debt that you can't claim..such as a home mortgage
anyway, in my case i can pay extra tax or alternatively drive my red rx and have fun...hard choice!
02-20-2004, 09:34 PM
#22
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I'M 28 OWN MINE FULLY AND ARE NOW ABLE TO INVEST MY MONEY ON OTHER THINGS WITHOUT THE BANK SAYING WELL YOU OWE MONEY ON YOU CAR AND BECAUSE O FTHAT WE CANNOT LEND YOU THE MONEY
02-20-2004, 09:45 PM
#23
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Originally posted by KIMBA
I'M 28 OWN MINE FULLY AND ARE NOW ABLE TO INVEST MY MONEY ON OTHER THINGS WITHOUT THE BANK SAYING WELL YOU OWE MONEY ON YOU CAR AND BECAUSE O FTHAT WE CANNOT LEND YOU THE MONEY
I'M 28 OWN MINE FULLY AND ARE NOW ABLE TO INVEST MY MONEY ON OTHER THINGS WITHOUT THE BANK SAYING WELL YOU OWE MONEY ON YOU CAR AND BECAUSE O FTHAT WE CANNOT LEND YOU THE MONEY
Kimba,
I sense much tension and anger in your wording.
Chill out mate, stop yelling!
02-20-2004, 09:53 PM
#24
rock-->o<--hard place
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Originally posted by takahashi
i THINK i AM always 25.
i THINK i AM always 25.
I lease my car (or rather my company does). I used to pay cash, too, but then kids came along, followed by school fees… money has to speak different languages at different stages of your life :o
