Buying 4 X5M's for work. Please help me figure out what to pay!

BrooklynG87 · 12-20-2016, 12:38 PM

Quote:

Originally Posted by mswaz

No 21's" on the white one?

Oof yeah! The guy with the white one got shafted! Haha.

t1blackout · 12-20-2016, 09:42 PM

Nope, it was the dealers mistake and they are giving him new 21" in a week or so at no charge. Originally he was settling for a white one that was on a lot that had 20" but he definitely wanted the 21" on the custom order... The dealership was very fair to us through this process and I'm definitely willing to work with them again.

Here we are!

BrooklynG87 · 12-21-2016, 10:28 AM

Wow incredible! Awesome success story fellas. I'm not gonna lie, I had my doubts about this. The feasibility, the validity, and even whether or not this was true. You guys proved me wrong. A pretty sick fleet you have there! Congrats to you guys. Drive them in good health.

arrivederci · 12-21-2016, 10:43 AM

Quote:

Originally Posted by t1blackout

Nope, it was the dealers mistake and they are giving him new 21" in a week or so at no charge. Originally he was settling for a white one that was on a lot that had 20" but he definitely wanted the 21" on the custom order... The dealership was very fair to us through this process and I'm definitely willing to work with them again.

Here we are!

Not sure about the push for 21" wheels. The only advantage I see is looks. Disadvantages of 21s? Ride quality. Durability. Replacement tire availability. 20s are the best choice in my opinion.

t1blackout · 12-21-2016, 11:57 PM

Quote:

Originally Posted by BrooklynX6M

Wow incredible! Awesome success story fellas. I'm not gonna lie, I had my doubts about this. The feasibility, the validity, and even whether or not this was true. You guys proved me wrong. A pretty sick fleet you have there! Congrats to you guys. Drive them in good health.

Haha I don't blame you, honestly. This is all a dream to us. We are lucky to be in this position and it's great to share it with other BMW enthusiasts. Thanks for following the story!!!

t1blackout · 12-22-2016, 12:07 AM

Quote:

Originally Posted by arrivederci

Not sure about the push for 21" wheels. The only advantage I see is looks. Disadvantages of 21s? Ride quality. Durability. Replacement tire availability. 20s are the best choice in my opinion.

That's why they are both the same price!!! I think that part of it is that we want to all have the same look.

Roundown · 12-22-2016, 07:46 AM

Quote:

Originally Posted by arrivederci

Quote:

Originally Posted by t1blackout

Nope, it was the dealers mistake and they are giving him new 21" in a week or so at no charge. Originally he was settling for a white one that was on a lot that had 20" but he definitely wanted the 21" on the custom order... The dealership was very fair to us through this process and I'm definitely willing to work with them again.

Here we are!

Not sure about the push for 21" wheels. The only advantage I see is looks. Disadvantages of 21s? Ride quality. Durability. Replacement tire availability. 20s are the best choice in my opinion.

I have 20" and you're right, they're more practical... but man those 21" look good...and let's be honest v little about a >$100k, 575hp SUV is practical to begin with. Why draw the line at the wheels? Get the 21"!!

P1 · 12-22-2016, 10:32 AM

Quote:

Originally Posted by arrivederci

Not sure about the push for 21" wheels. The only advantage I see is looks. Disadvantages of 21s? Ride quality. Durability. Replacement tire availability. 20s are the best choice in my opinion.

Really? I had OEM 20s with P Zeros and upgraded to OEM 21s with Michelin Pilot Super Sports. The X5 definitely rides better with 21s.

t1blackout · 12-22-2016, 11:18 AM

Quote:

Originally Posted by P1et

Really? I had OEM 20s with P Zeros and upgraded to OEM 21s with Michelin Pilot Super Sports. The X5 definitely rides better with 21s.

great to know!

griz31 · 01-04-2017, 10:27 AM

Are you hiring? Seems like your company has great benefits!

Congrats and enjoy

caneaddict · 01-04-2017, 02:00 PM

Would you please explain what happens if you sell the car at a higher price than the remaining undepreciated value?

So if you buy a $120k car, depreciate $60k + $25k first year, your basis is $35k. What happens if you sell the car for $80k, do you have to pay income tax on the difference between $35k and $80k?

Also, is this available for 2017? And does the vehicle need to be an SUV or can it be a very heavy sedan?

MRCUR · 01-04-2017, 07:59 PM

Quote:

Originally Posted by caneaddict

So if you buy a $120k car, depreciate $60k + $25k first year, your basis is $35k. What happens if you sell the car for $80k, do you have to pay income tax on the difference between $35k and $80k?

Also, is this available for 2017? And does the vehicle need to be an SUV or can it be a very heavy sedan?

Recapture is explained here: http://webapp1.dlib.indiana.edu/virt...s/p9460205.htm

The SUV deduction (up to $25,000) is for vehicles with a GVWR above 6,000lbs but without a large cargo area (X5).

12-20-2016, 09:42 PM	#68
t1blackout Enlisted Member 100 Rep 42 Posts Drives: Ordering 2017 X5M Join Date: Dec 2016 Location: Charlottesville, VA iTrader: (0)	Nope, it was the dealers mistake and they are giving him new 21" in a week or so at no charge. Originally he was settling for a white one that was on a lot that had 20" but he definitely wanted the 21" on the custom order... The dealership was very fair to us through this process and I'm definitely willing to work with them again. Here we are! Attached Images
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12-21-2016, 10:28 AM	#69
BrooklynG87 Major 1360 Rep 1,188 Posts Drives: 2023 BMW M2 Join Date: Feb 2009 Location: Manhasset, NY iTrader: (3) Garage List 2018 BMW i3s REX [10.00] 2021 Audi SQ5 [0.00] 2020 BMW M2 CS [10.00] 2018 Audi SQ5 [0.00] 2020 BMW X3M Compet ... [10.00] 1999 BMW M3 [10.00]	Wow incredible! Awesome success story fellas. I'm not gonna lie, I had my doubts about this. The feasibility, the validity, and even whether or not this was true. You guys proved me wrong. A pretty sick fleet you have there! Congrats to you guys. Drive them in good health. __________________ 2024 Acura Integra Type S White/Red 2021 Audi SQ5 Black/Red(wife's car) Instagram: Bklyngarage Follow me!
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01-04-2017, 10:27 AM	#76
griz31 Second Lieutenant 174 Rep 254 Posts Drives: 2020 BMW 330xi Join Date: May 2016 Location: Northern Virginia iTrader: (0)	Are you hiring? Seems like your company has great benefits! Congrats and enjoy
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01-04-2017, 02:00 PM	#77
caneaddict Enlisted Member 4 Rep 46 Posts Drives: M4 Join Date: Jul 2013 Location: United States iTrader: (0)	Would you please explain what happens if you sell the car at a higher price than the remaining undepreciated value? So if you buy a $120k car, depreciate $60k + $25k first year, your basis is $35k. What happens if you sell the car for $80k, do you have to pay income tax on the difference between $35k and $80k? Also, is this available for 2017? And does the vehicle need to be an SUV or can it be a very heavy sedan?
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Buying 4 X5M's for work. Please help me figure out what to pay!