Steppenwolfe
Super Member
- Joined
- Apr 11, 2012
- Messages
- 6,374
- Location
- The Blue Ridge Mountains
- Tractor
- Kubota MX5400, 1140 RTV
Here's what I do.
1) Buy new truck ( I only buy Fords) try and pay cash if possible, or put down large down payment
2) Keep two years
3) Put about 30,000 miles on truck
4) Take around $15,000 business tax deduction for the mileage
5) Trade truck in for around $ 10 to 12 grand less than I paid, pay difference on new truck
6) Come out pretty much even after driving the truck for two years, never pay for new brakes, tires, batteries, etc.
I have done this consistently for the last 10 years, and now on my sixth truck. My accountant says I pretty much drive a free truck and has started urging other clients to do the same.
1) Buy new truck ( I only buy Fords) try and pay cash if possible, or put down large down payment
2) Keep two years
3) Put about 30,000 miles on truck
4) Take around $15,000 business tax deduction for the mileage
5) Trade truck in for around $ 10 to 12 grand less than I paid, pay difference on new truck
6) Come out pretty much even after driving the truck for two years, never pay for new brakes, tires, batteries, etc.
I have done this consistently for the last 10 years, and now on my sixth truck. My accountant says I pretty much drive a free truck and has started urging other clients to do the same.