lease M5
09-13-2005 | 05:43 PM
#1
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My Ride: 2003 X5 3.0----->gone
2004 Porsche Cayenne S : Gemballa front and back bodykit, fabspeed bypass pipes, Gemballa exhaust pipes, full option, 20" factory sport design rims------>gone
2005 545i 6-spd manual---->de-badged, CDV removal, Autosolutions short shift kit, resonator removal, premium package, PDC, xenon, almost full options, hardwire V1 install ....looking for mods...
2007 550i 6-spd----> Premium package, sport package, Logic7, heated everything, Rogue Engineering SSK, CDV removal, hardwire V1 install, aFe cold air intake, Custom Magnaflow exhaust....
Just wondering....I just leased my 545 this April. Now that the M5 is out....do you think I can upgrade and lease the M5?
09-13-2005 | 05:50 PM
#2
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Originally Posted by Jeffs' date='Sep 13 2005, 08:43 PM
Just wondering....I just leased my 545 this April. Now that the M5 is out....do you think I can upgrade and lease the M5?
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Not to mention, you'll pay through the nose to get one of the first M5s. Even if you were on the list at MSRP, a leased M5 is going to be big coin.
09-13-2005 | 10:58 PM
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I would if it can be tax write-off. Lease would be better if you have a business.
Let's say M5 is $100K out the door, you need to make at least $130K to pay for that $100K due to paying tax on your paychecks of $30K.
If you lease, and if your business makes $130K, you pay out $100K, and pay tax on $30K which is about $10K (assuming 30% tax).
Therefore, having a business is a good way to plug the tax leaks from your hard earn money.
Let's say M5 is $100K out the door, you need to make at least $130K to pay for that $100K due to paying tax on your paychecks of $30K.
If you lease, and if your business makes $130K, you pay out $100K, and pay tax on $30K which is about $10K (assuming 30% tax).
Therefore, having a business is a good way to plug the tax leaks from your hard earn money.
09-14-2005 | 07:31 AM
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I have a hard time understanding that. Can you explain where the 30k for tax comes up for paychecks on an M5? 
Originally Posted by my530i' date='Sep 14 2005, 02:58 AM
I would if it can be tax write-off. Lease would be better if you have a business.
Let's say M5 is $100K out the door, you need to make at least $130K to pay for that $100K due to paying tax on your paychecks of $30K.
If you lease, and if your business makes $130K, you pay out $100K, and pay tax on $30K which is about $10K (assuming 30% tax).
Therefore, having a business is a good way to plug the tax leaks from your hard earn money.
Let's say M5 is $100K out the door, you need to make at least $130K to pay for that $100K due to paying tax on your paychecks of $30K.
If you lease, and if your business makes $130K, you pay out $100K, and pay tax on $30K which is about $10K (assuming 30% tax).
Therefore, having a business is a good way to plug the tax leaks from your hard earn money.
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09-14-2005 | 08:05 AM
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My Ride: 2008 550, Carbon Black Metallic, Natural Brown Dakota Leather, Sport Package, Sport Automatic Transmission, Cold Weather Package, Power Rear and Manual Side Sun Shades, etc.
Retired - 2004 545 SMG, Black Sapphire Metallic, Auburn Dakota Leather, Cold Weather and Sports Packages, Power Rear and Manual Side Sun Shades
Originally Posted by tomwid' date='Sep 14 2005, 10:31 AM
I have a hard time understanding that.? Can you explain where the 30k for tax comes up for paychecks on an M5?? ?
09-14-2005 | 04:03 PM
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From: Boston,MA
My Ride: 2003 X5 3.0----->gone
2004 Porsche Cayenne S : Gemballa front and back bodykit, fabspeed bypass pipes, Gemballa exhaust pipes, full option, 20" factory sport design rims------>gone
2005 545i 6-spd manual---->de-badged, CDV removal, Autosolutions short shift kit, resonator removal, premium package, PDC, xenon, almost full options, hardwire V1 install ....looking for mods...
2007 550i 6-spd----> Premium package, sport package, Logic7, heated everything, Rogue Engineering SSK, CDV removal, hardwire V1 install, aFe cold air intake, Custom Magnaflow exhaust....
ummmm....i don't really care about tax because I am just a foreign student. I have good credit and a co-signer in the form of my dad's manager who is american and have good credit too! I am paying 730 dollars for 2 years with (5k + 3K in fees) 8K downpaynemt and if an M5 is 90K, I should not be paying too much right? Correct me please but I am thinking I will be paying about 400 bucks more a month, right???
09-14-2005 | 08:17 PM
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Originally Posted by Jeffs' date='Sep 14 2005, 08:03 PM
ummmm....i don't really care about tax because I am just a foreign student. I have good credit and a co-signer in the form of my dad's manager who is american and have good credit too! I am paying 730 dollars for 2 years with (5k + 3K in fees) 8K downpaynemt and if an M5 is 90K, I should not be paying too much right? Correct me please but I am thinking I will be paying about 400 bucks more a month, right???
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