Author Topic: Car dilemma - new client facing job and thinking of downgrading car cos of MMM  (Read 9605 times)

MBot

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I work in the medical field. I know a doctor - competent, but rather unremarkable. He drives a 1992 Corolla with tape holding the headlight in and a cracked windshield. Factory paint, or what's left of it. Seriously, his car makes him look like a meth head.

I know a doctor - competent, but rather unremakable - with a shiny 2015 BMW 7 series ($140k).
The optimal car for a doctor is probably a 10year old Subaru/Volvo station wagon, spotlessly clean and flawlessly maintained with lots of National Park permits on the windshield. There should be a service that creates these and leases them to doctors.

The 10 year old Subaru is the vehicle of choice for a LOT of doctors where I live. Hilarious.

gimp

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lots of National Park permits on the windshield.

Please, a year-long every-national-park-ever pass is $80, just get one of those!

nobodyspecial

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lots of National Park permits on the windshield.

Please, a year-long every-national-park-ever pass is $80, just get one of those!
But you would still have every previous year's permit since the car was made !

SwordGuy

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Hi

Yes, included in my compensation is a $1k per month car allowance which to be honest I am disinclined to spend as I have a nice car already.

FB

Set up a car leasing company with just one car in its inventory.  Then lease the car to yourself for $1k a month.
You can file the incorporation papers yourself for free.   It might cost you a few hundred dollars for taxes and fees a year.

But for $11,500+ in profits, I think that's probably one of the best investments you could make. :)

jinga nation

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Hi

Yes, included in my compensation is a $1k per month car allowance which to be honest I am disinclined to spend as I have a nice car already.

FB

Set up a car leasing company with just one car in its inventory.  Then lease the car to yourself for $1k a month.
You can file the incorporation papers yourself for free.   It might cost you a few hundred dollars for taxes and fees a year.

But for $11,500+ in profits, I think that's probably one of the best investments you could make. :)

Told my self-employed uncle to do this years ago. He was too lazy, said it was complicated. Told him to tell his accountant to set it up. He didn't. Nothing ventured... Then he wonders why some of his buddies are always driving the latest models. I know them, running the self-leasing deal. And buying residential real estate, etc. They tell me my uncle is a fool who's too scared to make legal side money and use the rules to his advantage.
Signature worthless. I'm worth more dead than alive. Wife and kids will collect. Or Uncle Sam will, you can rely on Him.

jinga nation

  • Pencil Stache
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  • Location: 'Murica's Wang
  • Left, Right, Peddlin' Shite
I work in the medical field. I know a doctor - competent, but rather unremarkable. He drives a 1992 Corolla with tape holding the headlight in and a cracked windshield. Factory paint, or what's left of it. Seriously, his car makes him look like a meth head.

I know a doctor - competent, but rather unremakable - with a shiny 2015 BMW 7 series ($140k).
The optimal car for a doctor is probably a 10year old Subaru/Volvo station wagon, spotlessly clean and flawlessly maintained with lots of National Park permits on the windshield. There should be a service that creates these and leases them to doctors.

The 10 year old Subaru is the vehicle of choice for a LOT of doctors where I live. Hilarious.

Lexuses/Lexii sedans among Indian doctors around here. And wives drive Toyota minivans and Lexus SUVs.
Signature worthless. I'm worth more dead than alive. Wife and kids will collect. Or Uncle Sam will, you can rely on Him.

gimp

  • Handlebar Stache
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  • Posts: 2360
lots of National Park permits on the windshield.

Please, a year-long every-national-park-ever pass is $80, just get one of those!
But you would still have every previous year's permit since the car was made !

The permits actually come in a little green plastic permit holder; they don't adhere to your windshield. So if you had ones for multiple years, they'd just be bobbing around on your rear view mirror, being annoying.

Here's the credit-card-sized pass that goes into the permit holder (which is also plastic and slides onto your rear view mirror, and just as easily slides off.)