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In Reply to: RE: According to J. Paul Getty... posted by Ivan303 on December 10, 2015 at 11:00:18
If it depreciates, lease it.
Do you lease your audio gear?
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but I'm NOT J. Paul Getty.
That said, I paid about $750 for the 300B tube amp kits about 12-15 years ago and thought the WE 300B's in them are well used they are likely holding their value well.
Custom Cocobolo wood veneer Edgarhorns might be close to what I paid for them(used). Most of my stuff is kits and the rest vintage or used, so who knows? What I'd guess is that the stash of tubes I have in storage has likely gone up in value, but everything else I own, probably not. :-(
Beachfront home in San Francisco might make up for it though.
I'm NOT J. Paul Getty.
you don't buy his advice either.
How many of these folks lease their vehicles? :)
to do me much good.
But I did lease vehicles over the years, but mostly for tax purposes.
Now retired, I pay cash for a car and hope it outlives me. :-(
I like Warren Buffett's take:
"Buy a business, don't rent stocks."
But I did lease vehicles over the years, but mostly for tax purposes.
Being able to expense lease payments for business use is a different story!
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