Thread: up market cars
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Old 07-11-2008, 10:43 AM
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Quote:
Originally Posted by 207 de
Leasing I would guess. Its tax effective and allows you to be flexible depending on your financial situation.

Also, if you are involved in a successful family business it probably makes even more sense and is quite cost effective and good for the business.

Personally, if you or your family can do it and it makes financial sense then you would be mad not to, especially if you had an interest in cars and motorsport.
When I have investigated leasing these cars, the costs to have them are through the roof. For instance FBT on average kms per year is 20% (and I doubt you could really claim bulk business usage of a Ferrari).

Maybe one of the accounting guys could explain it a bit better?
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