Lease. Take the tax deduction. Repeat every three years.
only self-incorporated people can deduct their car lease payments. that should be eliminated by the way, its a major abuse in the tax code. these people lease a car for personal use and get to write it off, while regular wage earners have to pay for it with after tax dollars.
When I see price tags on a vehicle reaching 50 and 60 thousand plus, I just scream out, AreYou Out Of YOur Mind? I can't believe people are going so far in to debt for a vehicle. I'm sorry, but my mind just can't grasp it. I drive the same vehicle for a min of 7 years. I never buy new. Why should I? This is just insane. The newest vehicle sitting in my yard right now is a 91 Prelude. Which I will probably start driving soon because of the price of gas. The vehicle sitting in my yard right now that will fetch us the most money is the 68 camaro. Go Figure.