Hi all,
Apologies in advance for the long post.
I have always purchased my cars in the past and am new to leasing. Currently I have a 2010 E550, Kelly blue book says it should be worth anywhere from $25k-$33k. It is paid off.
Here's my question:
Is it better to sell the car separately (like to car max, don't have time or energy to deal with private party sales). And then put the smallest down and use the cash left over for the monthly payments?
Or can I trade the car in and effectively reduce my monthly substantially? Is there risk to that if it gets stolen or wrecked? I also have started consulting and am looking for write-offs. Can I write off the entire down payment this year or does it get amortized or something?
I know with the time value of money, I am tempted to sell the car and make payments, however, if I can take a big tax write-off this year for the amount of the down, that would definitely weigh in the decision.
Never thought I would even consider a Maserati, but the Ghibli is a sweet car. (haven't even test drove it yet, but the look and sound of it def makes me consider it). Plus my friend has a GT and it is super sweet.
I live in Anaheim Hills, but it looks like they only have 1 2014 SQ4 left in stock. Newport Beach and Westlake look to still have a fair amount of 2014's. Do the dealers do trades with each other or will I basically have to go to NB or Westlake to get the one I want?
It looks like there are no new features, options, packages or exterior/interior upgrades on the 2015's. Please let me know if there is any good reason to pay more for a 2015. I am assuming the dealers are not going to make the same deal on a 15 as a 14.
Sorry for the long post, any help would be greatly appreciated.
Apologies in advance for the long post.
I have always purchased my cars in the past and am new to leasing. Currently I have a 2010 E550, Kelly blue book says it should be worth anywhere from $25k-$33k. It is paid off.
Here's my question:
Is it better to sell the car separately (like to car max, don't have time or energy to deal with private party sales). And then put the smallest down and use the cash left over for the monthly payments?
Or can I trade the car in and effectively reduce my monthly substantially? Is there risk to that if it gets stolen or wrecked? I also have started consulting and am looking for write-offs. Can I write off the entire down payment this year or does it get amortized or something?
I know with the time value of money, I am tempted to sell the car and make payments, however, if I can take a big tax write-off this year for the amount of the down, that would definitely weigh in the decision.
Never thought I would even consider a Maserati, but the Ghibli is a sweet car. (haven't even test drove it yet, but the look and sound of it def makes me consider it). Plus my friend has a GT and it is super sweet.
I live in Anaheim Hills, but it looks like they only have 1 2014 SQ4 left in stock. Newport Beach and Westlake look to still have a fair amount of 2014's. Do the dealers do trades with each other or will I basically have to go to NB or Westlake to get the one I want?
It looks like there are no new features, options, packages or exterior/interior upgrades on the 2015's. Please let me know if there is any good reason to pay more for a 2015. I am assuming the dealers are not going to make the same deal on a 15 as a 14.
Sorry for the long post, any help would be greatly appreciated.