C7 General Discussion General C7 Corvette Discussion not covered in Tech
Sponsored by:
Sponsored by:

It's ours!!!

 
Old 02-09-2019, 05:49 PM
  #21  
wlittle49
CF Senior Member
 
wlittle49's Avatar
 
Member Since: Apr 2018
Location: Chiggerbranch, MS
Posts: 161
Thanked 37 Times in 25 Posts
Default

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.
wlittle49 is offline  
The Following User Says Thank You to wlittle49 For This Useful Post:
kenownr (02-12-2019)
Old 02-09-2019, 07:16 PM
  #22  
Mike1320
CF Senior Member
Thread Starter
 
Mike1320's Avatar
 
Member Since: Apr 2015
Location: Clarksville Tennessee
Posts: 347
Thanked 96 Times in 64 Posts
Default

Originally Posted by Vette_Pilot View Post
Congrats!!!! Now pay off those Plastic Loan sharks!!!!!!!
Paid in full every month. Nothing outstanding but the house. It's a good feeling.
Mike1320 is offline  
Old 02-09-2019, 08:47 PM
  #23  
MHE-Plex
CF Senior Member
Support Corvetteforum!
 
Member Since: May 2017
Location: Indianapolis Indiana
Posts: 383
Thanked 107 Times in 91 Posts
Default

Congrats!!
MHE-Plex is offline  
Old 02-10-2019, 03:59 PM
  #24  
Skid Row Joe
CF Senior Member
 
Skid Row Joe's Avatar
 
Member Since: Sep 2010
Location: Dallas, Texas - Make America Great Again!
Posts: 14,288
Thanked 1,054 Times in 836 Posts
Default

Originally Posted by wlittle49 View Post
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.
Skid Row Joe is offline  
Old 02-10-2019, 04:14 PM
  #25  
Foosh
CF Senior Member
 
Foosh's Avatar
 
Member Since: Oct 2004
Location: Maryland/DC Metro
Posts: 15,976
Thanked 6,673 Times in 3,838 Posts
Default

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.
Foosh is offline  
Old 02-10-2019, 08:02 PM
  #26  
Skid Row Joe
CF Senior Member
 
Skid Row Joe's Avatar
 
Member Since: Sep 2010
Location: Dallas, Texas - Make America Great Again!
Posts: 14,288
Thanked 1,054 Times in 836 Posts
Default

Originally Posted by wlittle49 View Post
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!
Skid Row Joe is offline  
The Following User Says Thank You to Skid Row Joe For This Useful Post:
wlittle49 (02-11-2019)
Old 02-11-2019, 08:06 AM
  #27  
wlittle49
CF Senior Member
 
wlittle49's Avatar
 
Member Since: Apr 2018
Location: Chiggerbranch, MS
Posts: 161
Thanked 37 Times in 25 Posts
Default

Originally Posted by Foosh View Post
Not to mention the more steeply expanding deficit and trade wars. Good to make hay before the next mis-engineered crash.
Cow gas.
wlittle49 is offline  
Old 02-11-2019, 08:48 PM
  #28  
AaronZ51
CF Senior Member
Support Corvetteforum!
 
AaronZ51's Avatar
 
Member Since: Jan 2008
Location: Kent WA
Posts: 1,476
Thanked 285 Times in 158 Posts
Default

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
AaronZ51 is offline  
Old 02-11-2019, 11:44 PM
  #29  
Sixgun95
CF Senior Member
 
Sixgun95's Avatar
 
Member Since: Feb 2004
Location: Scottsdale AZ
Posts: 790
Thanked 53 Times in 38 Posts
Default

Originally Posted by Skid Row Joe View Post
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!!
Sixgun95 is offline  
Old 02-12-2019, 12:09 PM
  #30  
Jimbob26
CF Senior Member
 
Member Since: Jul 2013
Location: Danville California
Posts: 959
Thanked 74 Times in 59 Posts
Default

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.
Jimbob26 is offline  
Old 02-12-2019, 09:13 PM
  #31  
AaronZ51
CF Senior Member
Support Corvetteforum!
 
AaronZ51's Avatar
 
Member Since: Jan 2008
Location: Kent WA
Posts: 1,476
Thanked 285 Times in 158 Posts
Default

Originally Posted by Sixgun95 View Post
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).
AaronZ51 is offline  
 


Thread Tools
Search this Thread
Quick Reply: It's ours!!!


Sponsored Ads
Vendor Directory

Contact Us - About Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

© 2019 MH Sub I, LLC dba Internet Brands

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.
 
  • Ask a Question
    Get answers from community experts
Question Title:
Description:
Your question will be posted in: