Ask Unkie Trunkie Again!
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UnkieT,
Does this thread die without me?
Real question: Do you think my insurance would go down from my S2000 if I were to lease a new SC?
I was crunching numbers--and since leases don't have much APR (since my uncles has +++ credit), that my payments would be maybe $50 more if I were to lease a NEW SC, as opposed to Financing a USED one.
What do you think?
Does this thread die without me?
Real question: Do you think my insurance would go down from my S2000 if I were to lease a new SC?
I was crunching numbers--and since leases don't have much APR (since my uncles has +++ credit), that my payments would be maybe $50 more if I were to lease a NEW SC, as opposed to Financing a USED one.
What do you think?
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Originally Posted by INTJ,May 14 2009, 01:28 PM
Right now, he's dispensing good adviice. I'm thinking that chatter doesn't mean value
I ask him questions before any of my other peers/family. He's my unofficial "mentor" remember?
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Originally Posted by espelirS2K,May 14 2009, 01:58 PM
UnkieT,
Does this thread die without me?
Real question: Do you think my insurance would go down from my S2000 if I were to lease a new SC?
I was crunching numbers--and since leases don't have much APR (since my uncles has +++ credit), that my payments would be maybe $50 more if I were to lease a NEW SC, as opposed to Financing a USED one.
What do you think?
Does this thread die without me?
Real question: Do you think my insurance would go down from my S2000 if I were to lease a new SC?
I was crunching numbers--and since leases don't have much APR (since my uncles has +++ credit), that my payments would be maybe $50 more if I were to lease a NEW SC, as opposed to Financing a USED one.
What do you think?
<been there, done that with leasing and personally, financing is the way to go.
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From: SJC
Originally Posted by espelirS2K,May 14 2009, 09:58 AM
UnkieT,
Does this thread die without me?
Real question: Do you think my insurance would go down from my S2000 if I were to lease a new SC?
I was crunching numbers--and since leases don't have much APR (since my uncles has +++ credit), that my payments would be maybe $50 more if I were to lease a NEW SC, as opposed to Financing a USED one.
What do you think?
Does this thread die without me?
Real question: Do you think my insurance would go down from my S2000 if I were to lease a new SC?
I was crunching numbers--and since leases don't have much APR (since my uncles has +++ credit), that my payments would be maybe $50 more if I were to lease a NEW SC, as opposed to Financing a USED one.
What do you think?
No, it does not die. . . but it does wither badly. People aren't taking the link in my sig seriously. There again, there's no real reason to take it seriously.
Answer to Question The Second:
Unless you have a business license, you can't write off the lease (AFAIK). If you do have a business license, you can write off the lease, and the (cheaper than S2000) insurance. Moreover, your ledger should look reasonable against your profits (which is a good thing).
If you do NOT have a business license, then you should finance as little as possible of the used E. You want to hold that asset. Even with the debt against it, it's something of value that's (kinda sorta in this economy) liquid. Also, you want to bump your credit record up, and track record of consistent payments is just the thing to make that happen.
Answer to Quetion The Third:
I try not to think, except in regards to work stuff. Okay, that, and trying to politely dismantle GPMike's inane ramblings in Politics and Current Events.
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Originally Posted by 8D_In_Trunk,May 14 2009, 02:16 PM
Answer to Question The First:
No, it does not die. . . but it does wither badly. People aren't taking the link in my sig seriously. There again, there's no real reason to take it seriously.
Answer to Question The Second:
Unless you have a business license, you can't write off the lease (AFAIK). If you do have a business license, you can write off the lease, and the (cheaper than S2000) insurance. Moreover, your ledger should look reasonable against your profits (which is a good thing).
If you do NOT have a business license, then you should finance as little as possible of the used E. You want to hold that asset. Even with the debt against it, it's something of value that's (kinda sorta in this economy) liquid. Also, you want to bump your credit record up, and track record of consistent payments is just the thing to make that happen.
No, it does not die. . . but it does wither badly. People aren't taking the link in my sig seriously. There again, there's no real reason to take it seriously.
Answer to Question The Second:
Unless you have a business license, you can't write off the lease (AFAIK). If you do have a business license, you can write off the lease, and the (cheaper than S2000) insurance. Moreover, your ledger should look reasonable against your profits (which is a good thing).
If you do NOT have a business license, then you should finance as little as possible of the used E. You want to hold that asset. Even with the debt against it, it's something of value that's (kinda sorta in this economy) liquid. Also, you want to bump your credit record up, and track record of consistent payments is just the thing to make that happen.
I do have a license, and insurance, etc. But I was talking mainly about the new E-SC. You think my insurance (car insurance) will go down from the S2000, even though it's a brand new car?
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From: SJC
Originally Posted by espelirS2K,May 14 2009, 01:51 PM
I do have a license, and insurance, etc. But I was talking mainly about the new E-SC. You think my insurance (car insurance) will go down from the S2000, even though it's a brand new car?
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From: Bay Area
UnkieT,
If I got a follow up call 10 days after submitting an application saying they're still trying to get a hold of references, that's a good thing right?
Side note: keeping the s2000, as I REALLY, REALLY don't want to roll $8k of negative equity into another car...
If I got a follow up call 10 days after submitting an application saying they're still trying to get a hold of references, that's a good thing right?
Side note: keeping the s2000, as I REALLY, REALLY don't want to roll $8k of negative equity into another car...