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Comments
Jeremy
A house, while it has a tendency to appreciate, is usually not an investment per se, unless you are comfortable with running a "rooming" house. In a fairly conventional deal, you can not expense your ownership portion. So say you have 3 renters with you as the fourth, you can only declare 75%. Unless your house is GENERATING INCOME, a house is one of three things: 1 someplace to live 2. a speculation 3. a money pit.
Income properties, properly bought, generate income. (first requirement of an "investment") There is also an expense side, which in nexus with this thread, you can write off partially the expenses to your "Jetta." If you did that with your "house" you would increase greatly your chance of the IRS inviting you to a "money" party and of course you would BE the hors d'oeuvres. As you accumulate income properties, you can of course take a great % expense deduction to your "Jetta". Of course that is in "service" to your investment. Investment properties also give you the ability to borrow more money. So the question is what can a 18-20k amount (what you would spend for a "Jetta", buy in your area? If you do from 5-20% down, 100,000 to a high of 400,000.
Depending on the area, naturally. But even without appreciation you get a tax deduction. Of course, if he attended a CA school, the property would appreciate.
So say if you have 3 renters with you as the fourth, you can only declare 75%. Unless you do this a house is one of three things: 1 someplace to live 2. a speculation 3. a money pit.
Say you have 1100 a month mortgage payment. That means you've got a 13k+ tax deduction (not including tax write-offs on your taxes too). Now say you're renting to two people for $400 each. At this moment you've got $300 a month, plus taxes, going out and you're looking at a fat tax break that never would come as a renter.
Even assuming the townhome, condo, home doesn't appreciate over 5 years you still had tax breaks of over 50k in that time. Can someone save 50k on taxes with a Jetta?
Of course if he starts a business and leases a jetta he can write-off the whole of his expenses on the lease...
So many fun options to skirt the IRS.
Oh and because he has an $1100 a month house payment, school grants and scholarships and student loans will come far easier. It's a great deal, he shows almost no income, yet has people paying him to make his mortgage and the school will hand him extra cash.
Now who would buy a jetta when they can get free money instead?
For my two cents ALA CONTRARE !!!
If anything, the rules are MADE to be followed !
To follow them "CORRECTLY" you must INTERPRETE them!!!!!!
(for example, see how "JETTA" can be weaved into this)
Don't you JUST LOVE AMERICA !!!!
Any problems have been worked out of a properly selected used vehicle and you are purchasing a KNOWN ENTITY. Three of my VWs were purchased with over 50K miles and they all went well over 120K miles. I considerd the occasional repairs as "car payments" and they were well under an average of $50 month. Perhaps some tires this month, several months later an alternator, next year brakes...JUST WEAR ITEMS, NO BIG DEAL!
A used vehicle may have more trips to the repair shop... but the total cost of ownership is less than a new one in almost every case.
I have worked in the electronics industry on million dollar computer equipment, a NEW part was always 'suspect' because it was an unknown. A part that has perhaps been repaired but has been running flawlessly for 6months was considerd FAR more valuable than that stinkin "new" unknown part.
"NEW" does not equate to "PROBLEM FREE" by any means. You are purchasing an 'unknown'... all brand new problems.
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kirstie_h
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CED
And yes, newcar, pat is experiencing some Isabel issues, but should be in the clear later today. In the meantime, I'll be making sure the winds stay calm in Sedans
kirstie_h
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kirstie_h
Roving Host & Future Vehicles Host
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i myself am considering a 2003 wolfsburg edition jetta with auto, monson, ect. and it is black which looks pretty cool. anyway, after reading your post about your jetta and all the years and miles you got out of it,although iam sure that you would be the first to admit that through the years it was not exactley trouble free, i just might consider one myself.
ect. are they still haveing problems with the windows falling in and the coil problems
its a late 2003 jetta so i would think that they would have resolved some of these issues already.
The window problems are more than likely fixed, as are the coil problems. That doesn't mean everything will be perfect. But little problems can happen with any car. It's just a matter of being able to handle them.
Whatever you decide to buy, don't get a car that you don't really like as much, you will be sorry.
Also, I agree with Blueguy. Why the bashing then more questions? Kinda weird...
don't get a Jetta, okay!? or an Accord. they are awful horrible wretched cars! go get a Mazda6.
BTW, did you drive the coupe with the V6 manual? Man that's a smooth engine and nice tranny. Much smoother than a Jetta GLI's six speed. I simply adore Honda's trannies. Wish my car had a shifter as silky as the TSX's...
nope, never driven a 6 speed Accord. i could see the 6 speed being offered in the CL and TSX, but in an Accord?
check fluids,top them off if necesary,and tire pressure check as well.
Anyway, back to the topic at hand - If there is record of the timing belt being changed and she runs good, then I'd say get it.
Jeremy
I was wondering if you guys can tell me what would be the most common problems that I can come across with a 2000 1.8T jetta. I just put a downpayment on a 39K mile car and if the VW dealer that will inspect it approves the car I will go forward with the purchase.
Any tips would be appreciated. This is the first time I am buying a used car, and a lot of people are rolling their eyes when I told them that I am going for a used Jetta.
Thanks a lot.
All US sold Jettas are made in Mexico.
All the sedan are made in Mexico including the Wolfsburg edition.
If you are interested in the 1.8t, I would make sure you check these 2 items and make sure they have been taken care of.
1) Make sure the Jetta has new Coils Packs(engine)
2) Make sure the window clips have been replaced. Windows falling into the door is/was a major problem with Jettas.
If the Dealer can assure you that these have been taken care of, go for it....and enjoy
i might be a wagon owner at some point in my life. make so much sense.
Sounds like you have some rose collored glasses when viewing the Jetta.
Fakis, Jetta's are much more fun to drive, and more nicely appointed than their japanese counterparts, but that said, their reliability is VERY suspect.
I'm considering purchasing a new, 2003 model 1.8T. But I'm worried about the reliability problems...does anyone know if the coils, window regulators, air flow sensor issues have finally been ironed out?
I currently own a '92 Acura Integra, and before that drove an '81 Honda Accord -- both were relatively free for 10+ years. So perhaps I'm a fool for even thinking about VW, but the Jetta has a mix of style, features, and fun that keeps tempting me...
I may be wrong, but I would guess you are off base with the in significance of the Jetta.
What kind of car do you currently drive?
Also, why are you so beligerent? If you don't like Vw's/Jettas then don't buy them.
So, you're saying that VW has two different quality control processes? That just doesn't make any sense. Both vehicles are made in Mexico, have been for about 15 years. News Flash, Golf owner, but the quality of the golf is in the same league with the Jetta, just view Consumer Reports do not buy list, they are both on there.
Methinks the early frosts up north have addled your brain.
Who cares what the demographics are in Germany - they use Mercedes E-class sedans for taxis, and in Sweden Volvos are police cars...Drive what you want, enjoy it, and be thankful we have so many choices in reliability, style, etc...