Excellent advice, Phimosis (appropriate name for my profession as well). You're the second person who has recommended the 1099 route for the tax benefits. Will definitely find a way to make that happen.
I've found there are three types of doctors. 1) Those who drive shitty cars because they don't know better. 2) Those who drive shitty cars
only to the hospital so they stay under the malpractice radar and keep their nice rides at home. 3) Those who drive their Maserati to the hospital because they just don't give a f*%&.
Oh, and I demand many many videos after your SC is installed. I'm still waiting for RCZ to post some shortly!
The SC will come for me. Right now my agenda is Hotchkis sways, custom oil cooler, Stillen power steering cooler, and spacers. Should keep me busy for the next weekend or two
Quote:
Originally Posted by Phimosis
Haha! One of my radiologist colleagues drives a '98 Camry with a missing hubcap. The hubcap has been missing for the 3 years I worked with her! OMG. I'm sure she's got mad money though.
On the CTS-V, either get in a group that offers you a car as part of the employment package or do some consulting or per diem work that gets paid as 1099 income rather than as W-2 income. Then you can get the CTS-V on lease and write it off as well as a fraction of your mortgage or rent for your home office. Better yet, Find a CPA with a good reputation for being...well....creative.... then pay him for a one hour consultation to get advice on what to buy/lease to maximize your tax benefits, then start spending that cash!
For myself, I have a Toyota yaris as my daily driver and the 370 as my weekend car. Because my cost of living is low, I sits on big piles o' cash. Took my car to Stillen in Orange County yesterday and dropped it off to get the supercharger, lightened flywheel, clutch, canards and splitter installed. After install, tax and whatnot it's $9,500. Nice to write a check for the total, not stress over it and not worry that I might blow the engine and need a whole new vq37. If you own an R8 or GT3 it'll run what.... $30,000 for a new engine?
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