That's horrible. What kind of dealer or bank would charge a 20k interest finance cost???...weird.
Finance vs paying cash?
Discussion in 'Ask An Owner Operator' started by magellan, Feb 17, 2016.
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redoctober83, SL3406, Terry270 and 1 other person Thank this.
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As for the earlier question about writing off the lease payments, that will all depend on how the lease is structured. If it is a straight up lease then yes you can. If you acquire portions of the asset then no you write off the interest and depreciate the asset.Lone Ranger 13 Thanks this. -
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What interest rate have you been seeing for equipment? -
Sometimes I think if I liquidated everything I could live a pretty nice life with no worries. This isn't the first time I have felt this way over the years, but in the past you always "knew" that things would turn around again, today, I am just not so sure I am willing to make that bet, jmho.Lone Ranger 13 Thanks this. -
Just for comparison Terry, the small balance I have left on equipment is at 5.9 percent, through my local bank, if I don't buy anything this year loan will be paid off by Jan. 1 2017.Last edited: Feb 19, 2016
Terry270 Thanks this.
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