Likely a lease in that case. Common practice for people that like always driving the newest cars. It’s a bit more expensive than buying, and you don’t end up owning a car. But significantly cheaper than renting. So you do have to be in a position where it’s worth the cost to you.
Comment on Apple says BMW wireless chargers really are messing with iPhone 15s
xthexder@l.sw0.com 8 months agoI hope you’re talking about a second vehicle and not replacing your car every 2 years. I replace my phone less frequently than that.
Tarquinn2049@lemmy.world 8 months ago
ryannathans@aussie.zone 8 months ago
Well, you claim all the fuel and service costs as business expense when leased, so if you drive a lot it can be significantly cheaper
Alexstarfire@lemmy.world 8 months ago
I’m not a tax expert but that sounds wrong. If you arent using it for business you don’t get to claim business expenses on it. I don’t see how owning or leasing makes a difference.
Feel free to correct me.
xthexder@l.sw0.com 8 months ago
Yeah, you can only claim fuel and service costs if it’s used for business purposes. You can do the same with a privately owned vehicle though if you also use it for business, you just need to claim based on % usage.
ryannathans@aussie.zone 8 months ago
Leasing the car comes from pre-tax salary, as does all servicing and fuel. It’s the same as salary packaging a phone or laptop, only the majority of use should be business - not all. Obviously this doesn’t apply to every country but it is the case here
abhibeckert@lemmy.world 8 months ago
For example, I have a friend who’s job is to have meetings with other people all day.
Most days, she drives to the office, then gets out of her personal car and gets in the company car, then drives the company car to the meeting, then to the next meeting, and the next one, then back home. The car is leased by the company, all of the servicing is paid for by the company, all of the fuel goes on the company credit card. It’s absolutely a business expense.
Her company doesn’t allow it, but she could totally park the car at home overnight instead of at the office. And then she probably wouldn’t even need to own her own car.
ccunix@lemmy.world 8 months ago
Why? I love being able to buy a 2 year old BMW for the same price as an equivalent Renault
fuckwit_mcbumcrumble@lemmy.world 8 months ago
Someone’s gotta make all those 2-3 year old certified pre owned vehicles.
CmdrShepard@lemmy.one 8 months ago
Plus nobody wants to be caught dead driving a 3 year old BMW. It’s already on its last leg by that point.
Socsa@sh.itjust.works 8 months ago
Lol, around here badge shoppers driving 5+ year old cars are like half the BMW driving population.