Selling the car - taking the plunge into car-lite
08-17-15, 10:15 AM
#26
Banned
Join Date: Jun 2015
Location: Sonoran Desert-U.S.A.
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Bikes: Old rusty bucket of bolts
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Hard to believe.
A stripped Ford Mustang probably cost at most $20,000, new. One year old car, even with high mileage, would be worth thousands, unless you wrecked it.
Five sets of tires? You must have been buying the cheapest ones, or have a lead foot.
The other expenses do not compute to $67,500 in such a short time, unless you were driving 10k miles a month in and out of Manhattan and parking in commercial lots while making numerous stops in NYC or SF everyday. Of course it would seem difficult to find the time to park anywhere driving that much.
Bottom line, how could you have conducted this commercial business without a motor vehicle? And at a lower cost?
A stripped Ford Mustang probably cost at most $20,000, new. One year old car, even with high mileage, would be worth thousands, unless you wrecked it.
Five sets of tires? You must have been buying the cheapest ones, or have a lead foot.
The other expenses do not compute to $67,500 in such a short time, unless you were driving 10k miles a month in and out of Manhattan and parking in commercial lots while making numerous stops in NYC or SF everyday. Of course it would seem difficult to find the time to park anywhere driving that much.
Bottom line, how could you have conducted this commercial business without a motor vehicle? And at a lower cost?
I drove Tempos, & Mustangs as they were cheap, dependable, and for the most part did not break down with frequest oil changes.
Retired so no more worring about a schedule C.
08-17-15, 05:21 PM
#27
Been Around Awhile
Join Date: Oct 2004
Location: Burlington Iowa
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