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Old 02-09-2019, 05:49 PM
  #21  
wlittle49
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OK, thanks to the tax cuts and deregulation of industry the economy has boomed more in the past two years than in the previous 8 or 16. Therefore, I leveraged the good times, paid my house off and bought a vette.
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Old 02-09-2019, 07:16 PM
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Mike1320
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Originally Posted by Vette_Pilot
Congrats!!!! Now pay off those Plastic Loan sharks!!!!!!!
Paid in full every month. Nothing outstanding but the house. It's a good feeling.
Old 02-09-2019, 08:47 PM
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MHE-Plex
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Congrats!!
Old 02-10-2019, 03:59 PM
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Skid Row Joe
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Originally Posted by wlittle49
Thanks to the Trump economy I paid my house off and then bought the vette. Will knock it out by the end of the year with the mortgage payment I no longer have.
Congratulations on your achievements!

The proof is overwhelming that our new President has changed the Economy dynamically, effectively doubling the APR+ of our GDP! #MAGA!

Last edited by Skid Row Joe; 02-10-2019 at 04:00 PM.
Old 02-10-2019, 04:14 PM
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Foosh
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Not to mention the more steeply expanding deficit and trade wars. Good to make hay before the next mis-engineered crash.

Last edited by Foosh; 02-10-2019 at 04:42 PM.
Old 02-10-2019, 08:02 PM
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Skid Row Joe
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Originally Posted by wlittle49
OK, thanks to the tax cuts and deregulation of industry the economy has boomed more in the past two years than in the previous 8 or 16. Therefore, I leveraged the good times, paid my house off and bought a vette.
The tax cuts alone, were what saved me a good portion of what paid for my new C7 purchase too. Plus, my new C7 is a 100% tax write off. Win-Win! Thanks for sharing in your new Corvette purchase too! #LUVTHESECARS!
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Old 02-11-2019, 08:06 AM
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wlittle49
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Originally Posted by Foosh
Not to mention the more steeply expanding deficit and trade wars. Good to make hay before the next mis-engineered crash.
Cow gas.
Old 02-11-2019, 08:48 PM
  #28  
AaronZ51
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Congratulations! I remember that awesome feeling of no more car payments - was that way for a long time with my '08 C6. But I couldn't resist getting a Z06 so back to a car payment but it is most definitely worth it to me!

Enjoy the feeling and save the wave!
Aaron
Old 02-11-2019, 11:44 PM
  #29  
Sixgun95
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Originally Posted by Skid Row Joe
The tax cuts alone, were what saved me a good portion of what paid for my new C7 purchase too. Plus, my new C7 is a 100% tax write off. Win-Win! Thanks for sharing in your new Corvette purchase too! #LUVTHESECARS!
How is your C7 a 100% tax writeoff? Just curious to what I am missing!!
Old 02-12-2019, 12:09 PM
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Jimbob26
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I paid off my C7 last September, and now that the payments are gone I am pining for a new SUV to put next to it in the garage. My wife thinks I am out of my mind.
Old 02-12-2019, 09:13 PM
  #31  
AaronZ51
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Originally Posted by Sixgun95
How is your C7 a 100% tax writeoff? Just curious to what I am missing!!
As a CPA who's specialized in tax for the last 18 years (including IRS audits & audit resolution), be wary of statements like that... If you drive the car for personal purposes, it is NOT a 100% write-off. The only way it could be 100% is if it is ONLY used for business and never driven personally (including commuting to/from home).



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