Well its car buying season.

Discussion in 'Trading' started by wxytrader, Oct 14, 2024.


  1. upload_2024-10-14_10-57-2.png
     
    #21     Oct 14, 2024
  2. deaddog

    deaddog

    I'll try one more time :)
    If you borrow to buy a car, the interest is not tax deductable.
    To make the interest deductable.
    Pay cash for your car.
    Use the car as collateral for an investment loan.
    Now your interest is deductable.
     
    #22     Oct 14, 2024
  3. poopy

    poopy

    #23     Oct 14, 2024
  4. S2007S

    S2007S

    So what are we looking at?

    Kia, fiat? Volkswagen
    MB

    What 2 cars and trims?
     
    #24     Oct 14, 2024
  5. You can't get a loan using your car as collateral lol...I mean maybe at one of those car loan places at 40%...if I ever want to move it to be tax deductible, I could just roll it into a mortgage. Do they not teach economics where you went to school? :)
     
    #25     Oct 14, 2024
  6. mervyn

    mervyn

    #26     Oct 14, 2024
  7. S2007S

    S2007S


    I don't think many regular people are using their cars as collateral....
     
    #27     Oct 14, 2024
  8. S2007S

    S2007S

    #28     Oct 14, 2024
  9. deaddog

    deaddog

    I guess I have a better credit rating than you do. Actually I haven't had to borrow in the last 20 years.
     
    #29     Oct 14, 2024
  10. deaddog

    deaddog

    You think wxy is a regular people? :)
    2008 lambo should be pretty good collateral.
     
    #30     Oct 14, 2024