Que
aʒɑ̃ prɔvɔkatœr
- Joined
- Dec 3, 2009
- Posts
- 39,882
In another thread it came up that Luke seems to have a lot of misconceptions about how one acquires, maintains and pays for cars specifically in a business realm.
I don't think he's necessarily looking for advice on for example of what kind of personal car impresses "the wimminz" (He self-reports great success with his new Kia Sorento despite the off-putting off-gassing of all the various synthetic materials.)
He isn't exactly clear on the number of vehicles he needs to maintain but he has bragged about buying several Kia Souls, which is not a particularly bad choice since I don't know California prices but you can usually pick them up for about 14 Grand give or take. It doesn't sound like he's done the math though on what kind of mileage he's getting and what sort of Maintenance costs he might expect in the future. Especially concerning was that apparently he's financing these cars which just seems like throwing money down the rat hole.
I don't have any experience with leasing or so I don't really understand all the tax ramifications by wondering if he might not have been better off going that route if he was expanding beyond what his working capital would enable him to buy.
Does anyone with a little more experience on that subject care to chime in on what Luke ought to do about his future transportation needs. He hasn't really specified things like how many miles he racks up for how many boxes of copy paper he might need to transport at any given time and that sort of thing but it sure looks like he could use some help and I know there's some business owners here who could probably give him a lot better advice that I could.
I don't think he's necessarily looking for advice on for example of what kind of personal car impresses "the wimminz" (He self-reports great success with his new Kia Sorento despite the off-putting off-gassing of all the various synthetic materials.)
He isn't exactly clear on the number of vehicles he needs to maintain but he has bragged about buying several Kia Souls, which is not a particularly bad choice since I don't know California prices but you can usually pick them up for about 14 Grand give or take. It doesn't sound like he's done the math though on what kind of mileage he's getting and what sort of Maintenance costs he might expect in the future. Especially concerning was that apparently he's financing these cars which just seems like throwing money down the rat hole.
I don't have any experience with leasing or so I don't really understand all the tax ramifications by wondering if he might not have been better off going that route if he was expanding beyond what his working capital would enable him to buy.
Does anyone with a little more experience on that subject care to chime in on what Luke ought to do about his future transportation needs. He hasn't really specified things like how many miles he racks up for how many boxes of copy paper he might need to transport at any given time and that sort of thing but it sure looks like he could use some help and I know there's some business owners here who could probably give him a lot better advice that I could.
