u/WasntBornTomorrow

NOT AN ACCOUNTANT NOT A LAWYER— Thoughts?:

Generating $108,000 worth of deductions across 6 years & offsetting $25-30-35-40,000 worth of tax expenses over the 6 years

ASSUMING YOU DRIVE 25,000 MILES EACH YEAR

Vs itemizing the exact bill & only having $25-40,000 worth of deductions/cost associated with vehicle after 6 years

But essentially,, If you can offset your $30-40,000 spent,, & only technically be “out” $1-4,000-12,000 on the car—

$18,125x.24=$4,350.00 saved in taxes each year over 6 years

$4,350x6=$26,100

4,350/12=$362.5/mo back into your pocket

With about $400-500-550-600 average cost per month for everything revolving around the car,,

Effectively costing you $188-287/mo to insure, fuel, maintain, & drive your car 120,000 miles

Car in theory could get 30-40-50 mpg

Then $1,000/120,000=$0.01 (per mile)
$2,000/120,000=0.0167
$3,000/120,000=$0.03
4,000/120,000=0.0333
5,000/120,000=0.0417
6,000/120,000=0.05
7,000/120,000=0.0583
8,000/120,000=0.0667
9,000/120,000=0.075
10,000/120,000=0.0833
11,000/120,000=0.0917
12,000/120,000=0.10

I’m scatterbrained here so probably leaving out important details & also ,, my apologies for poorly structuring. Did my best.

Tune in any way you can. If not,, I’ll reword it & again later.

Also with the acquisition of the vehicle,, pay cash or finance/structure self-repayment for it over 3-6 years,, & on year 1 you’re deducting 18,000 for 7,500 (the earlier years should average about $600-650/mo,, but if you can get CHEAP insurance,, & own the car outright,, you could be looking at closer to $400/mo

Obviously if you drive 25,000 miles,, 25,000mi/30mpg=833.333gal

833.333x4.50=$3,749.999 per year in gas (national average)

3,749/12=$312.417/mo on gas alone

Thought process is,, pay cash from profits to repair,, or structure a $2,500-3,000 repairs over 6-36 months to keep monthly outlay LOW while still writing off 2-3-4x more than actually spending. Handle most maintenance and simple repairs myself.

Of course I could be wrong,, I’m not an accountant or tax professional. Just thought this might be good for tiny businesses & average Americans traveling for business. Looking for some opinions/insight.

(Was doing the math on how a 60,000 vehicle can turn into $1-1.11+ per mile over 6 years & 120,000-150,000 miles if you aren’t careful about your structuring,, & from a networth standpoint that would be life changing for many if they successfully pulled off the polar strategy)—(saves cash to go to real profit/growth,, not maintaining BS)

Legitimate business travel,, not commuting

NOT AN ACCOUNTANT NOT A LAWYER— Thoughts?:

Generating $108,000 worth of deductions across 6 years & offsetting $25-30-35-40,000 worth of tax expenses over the 6 years

ASSUMING YOU DRIVE 25,000 MILES EACH YEAR

Vs itemizing the exact bill & only having $25-40,000 worth of deductions/cost associated with vehicle after 6 years

But essentially,, If you can offset your $30-40,000 spent,, & only technically be “out” $1-4,000-12,000 on the car—

$18,125x.24=$4,350.00 saved in taxes each year over 6 years

$4,350x6=$26,100

4,350/12=$362.5/mo back into your pocket

With about $400-500-550-600 average cost per month for everything revolving around the car,,

Effectively costing you $188-287/mo to insure, fuel, maintain, & drive your car 120,000 miles

Car in theory could get 30-40-50 mpg

Then $1,000/120,000=$0.01 (per mile)
$2,000/120,000=0.0167
$3,000/120,000=$0.03
4,000/120,000=0.0333
5,000/120,000=0.0417
6,000/120,000=0.05
7,000/120,000=0.0583
8,000/120,000=0.0667
9,000/120,000=0.075
10,000/120,000=0.0833
11,000/120,000=0.0917
12,000/120,000=0.10

I’m scatterbrained here so probably leaving out important details & also ,, my apologies for poorly structuring. Did my best.

Tune in any way you can. If not,, I’ll reword it & again later.

Also with the acquisition of the vehicle,, pay cash or finance/structure self-repayment for it over 3-6 years,, & on year 1 you’re deducting 18,000 for 7,500 (the earlier years should average about $600-650/mo,, but if you can get CHEAP insurance,, & own the car outright,, you could be looking at closer to $400/mo

Obviously if you drive 25,000 miles,, 25,000mi/30mpg=833.333gal

833.333x4.50=$3,749.999 per year in gas (national average)

3,749/12=$312.417/mo on gas alone

Thought process is,, pay cash from profits to repair,, or structure a $2,500-3,000 repairs over 6-36 months to keep monthly outlay LOW while still writing off 2-3-4x more than actually spending. Handle most maintenance and simple repairs myself.

Of course I could be wrong,, I’m not an accountant or tax professional. Just thought this might be good for tiny businesses & average Americans traveling for business. Looking for some opinions/insight.

(Was doing the math on how a 60,000 vehicle can turn into $1-1.11+ per mile over 6 years & 120,000-150,000 miles if you aren’t careful about your structuring,, & from a networth standpoint that would be life changing for many if they successfully pulled off the polar strategy)—(saves cash to go to real profit/growth,, not maintaining BS)

Have one in a 2002

Acquired 2002 suburban, getting old but engine runs great. Can anyone help with ideas towards a master list? Looking to do a lot of preventative maintenance ,, & I’m curious what OEM parts I should be looking to replace or check after ~24 years.

2002 Chevy suburban

backseat air blows (on different controls from back)

front air doesn’t , only the defroster

I can hear it blow harder and slower but nothing comes out The front vents

Troubleshooting help?