The Pass Pub: The High-End Off Topic Thread

In Canada it's 30% per annum from a tax point of view.

Same here.
Standard is buying the car from your company after three years, to drive or sell.

An employer I had long time ago, bought a car himself, most expensive Saab 9000 model.
Then he sold it on paper to an automobile shop, leased it from them for three years, then bought it back on paper.
 
My Father will never retire. At 85 he still has his hand in the pot. Every year he buys a bunch of one year old cars from the big car rental companies when they purchase current model years and then leases them to smaller rental companies for 3 years. He then sells them to the same companies for the residual. Because of the 30% depreciation, he is able to make a rather tidy sum. He owns about 200 - 250 cars at any given time.
 
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