đź“° Auto News The average new car price is now $40,573
- Thread starter Mook
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Prices are ridiculous
Fuckin a. I've been shopping 2nd gen Escalades for the 6.2/6L80E and not fugly Denali headlights...one with under 100k that's not a pos is gonna run mid 20's. These are 10-15 year old trucks. Wtf!
Yeah, they're about 5k above a similar Denali Yukon.
I just can't get my head around the ridiculous headlights and taillights on the Yukon's but I might quick if I can't snag a decent Escalade.
All the big expensive 6k pound trucks are used for tax writes off now. Try and find a new diesel dually anywhere.
I’ll stick with my dads old 08 F150 and run it into the ground. Just rebuild the front end this weekend and rides like a dream.
I’ll stick with my dads old 08 F150 and run it into the ground. Just rebuild the front end this weekend and rides like a dream.
The 6,000-pound vehicle tax deduction is a rule under the federal tax code that allows people to deduct up to $25,000 of a vehicle's purchasing price on their tax return. The vehicle purchased must weigh over 6,000 pounds, according to the gross vehicle weight rating (GVWR), but no more than 14,000 pounds.
The IRS provides a deduction when a business owner purchases a vehicle that weighs more than 6,000 pounds. Section 179 of the IRS tax code essentially allows businesses to deduct the full purchase price of certain equipment and vehicles purchased before December 31st of a given tax year.
Quick googles, losta small business owners use this hence why thier wife gets a new Escalade every year.
So >6k GVWR...yep, Escalade will fall under that.
Now I just need a business to write if off through - or can I do it against my regular income via 1040?
New and have to have a business.So >6k GVWR...yep, Escalade will fall under that.
Now I just need a business to write if off through - or can I do it against my regular income via 1040?
Think it was intended to help farmers and heavy equipment bros but now all the Insta Hoes and OF thots can prob use it.
Not only are prices insanely high, but now we have high interest rates too. Gonna try and keep my cars for a long time.
I plan on a new one like next year. Yolo
Yeah, prices on used cars have fallen, C6Z's are back in the mid-30's. C7Z's are in the 50's. If the interest rates weren't sky high I'd probably jump on a C7GS, or C6Z.
There’s definitely a price correction in progress. The big car dealerships (IE Carmax, Carvana) are already noting it in their earnings guidance.
That new shit sucks. No love for the lightly but gently used market bums me out.
Do you think the $1000.00 Is due to business owned vehicles? As in ranching?
Create a LLC and get a good tax guy. You do IT help out of your house, right?So >6k GVWR...yep, Escalade will fall under that.
Now I just need a business to write if off through - or can I do it against my regular income via 1040?
For sure, and I think it'll be significant. I also think the "fun" cars that we're all interested in have a lot more room to correct than SUV's, trucks and sedans. Nobody is going to buy something they don't need for top dollar at 7% and IMO there are very few cash buyers in the performance market, despite what some people think. Can't wait to see how far c8's drop lol
Make 911 turbos depreciate 15%/year again
For new vehicles, who knows. My guess is msrp's stay high but the OEM's spend a lot of money buying low interest loans for their customers.
I'm so glad I bought the atlas CS when I did. 2k off msrp and 0x72 in april 2021, and I got carvanabucks for my accord and just pocketed the cash.
I'll keep this zero down $600/mo payment for a looong time. Has room, tows, looks good, cheap to own
I'll keep this zero down $600/mo payment for a looong time. Has room, tows, looks good, cheap to own
I bought my wife's SUV in April of 2021. I sent my brother over to the sales guy that I used and he told him that I bought (got lucky too) at the absolute best time as all "deals" dried up in late April/Early May 2021.
I was talking with my mom last night as she runs a chevy dealer in the burbs, she said the used car market is tanking, all the dealers had to pay high prices for the cars at auction, and now stuck with cars that are deprecating quickly and they cant move them fast enough, said they will be writing off the losses shortly, and the used car interest rates are climbing as they are using a number close to 6% as a base on deal.
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