Latest news with #depreciation
Yahoo
21-07-2025
- Automotive
- Yahoo
398-Mile VW ID.Buzz 1st Edition Sold At Huge Loss
398-Mile VW 1st Edition Sold At Huge Loss originally appeared on Autoblog. Trendy VW sheds 15% of its value in five months In case you didn't know, fully electric vehicles depreciate at a rate that's 30% faster than gas-powered cars. Vehicles like the Jaguar I-Pace, Tesla Model S, and Nissan Leaf are some of the worst performers. Based on a recent Bring A Trailer sale of a Volkswagen we may have to add VW's cheerful electric van to that list. A 2025 version of the just sold for almost $11,000 less than its sticker price. To make matters worse, it was a highly desirable 1st Edition model with barely any miles on the clock. New Buyer Lucks Out The new buyer of this 1st Edition spent $61,500 on the EV, way down from its original MSRP of $69,995. However, it actually cost the original owner $72,385, once you take into account the destination charge ($1,550) and some options. The extras were an auto-dimming rearview mirror with HomeLink ($405), a 2-in-1 mobile EV charging cable ($350), and an $85 charge for prepaid scheduled maintenance services. This fully loaded EV has covered only 398 miles, which means the original owner got almost zero use of it before taking the loss of nearly $11k. It's possible that the owner expected to make a healthy profit by snagging a rare 1st Edition model and selling it again quickly, but the outcome here is precisely the opposite. It doesn't help that the hasn't been nearly as successful as one might have expected, given the nostalgic ties to VW's bus. Its limited range, high base price, and a poor infotainment interface are just a few of the reasons it hasn't found more buyers, with only 564 examples finding homes in Q2 of this year. In February, VW was already offering big discounts on the What Does A $61k Van Get You? View the 4 images of this gallery on the original article This 1st Edition model has a great spec, starting with the Mahi Green and Candy White paint, which works well with the retro 1st Edition wheels. Inside, it has Dune leatherette upholstery, and if that's not enough to brighten up the cabin, there's also a fixed electrochromic glass roof. The side doors and tailgate feature hands-free operation, and the front seats have massaging and heating. This van also enjoys heated second-row seats, three-zone climate control, a 12.9-inch touchscreen, and a Harman Kardon sound system. Dual electric motors produce 335 horsepower combined, and that goes to all four wheels. As per the window sticker, the EV returns 87/74/80 MPGe city/highway/combined, but the total range is poor at just 231 miles. Even so, the new buyer has paid almost exactly the same for this 1st Edition as what you'll pay for a new base model including destination ($61,545).398-Mile VW 1st Edition Sold At Huge Loss first appeared on Autoblog on Jul 21, 2025 This story was originally reported by Autoblog on Jul 21, 2025, where it first appeared.
Yahoo
21-07-2025
- Automotive
- Yahoo
398-Mile VW ID.Buzz 1st Edition Sold At Huge Loss
398-Mile VW 1st Edition Sold At Huge Loss originally appeared on Autoblog. Trendy VW sheds 15% of its value in five months In case you didn't know, fully electric vehicles depreciate at a rate that's 30% faster than gas-powered cars. Vehicles like the Jaguar I-Pace, Tesla Model S, and Nissan Leaf are some of the worst performers. Based on a recent Bring A Trailer sale of a Volkswagen we may have to add VW's cheerful electric van to that list. A 2025 version of the just sold for almost $11,000 less than its sticker price. To make matters worse, it was a highly desirable 1st Edition model with barely any miles on the clock. New Buyer Lucks Out The new buyer of this 1st Edition spent $61,500 on the EV, way down from its original MSRP of $69,995. However, it actually cost the original owner $72,385, once you take into account the destination charge ($1,550) and some options. The extras were an auto-dimming rearview mirror with HomeLink ($405), a 2-in-1 mobile EV charging cable ($350), and an $85 charge for prepaid scheduled maintenance services. This fully loaded EV has covered only 398 miles, which means the original owner got almost zero use of it before taking the loss of nearly $11k. It's possible that the owner expected to make a healthy profit by snagging a rare 1st Edition model and selling it again quickly, but the outcome here is precisely the opposite. It doesn't help that the hasn't been nearly as successful as one might have expected, given the nostalgic ties to VW's bus. Its limited range, high base price, and a poor infotainment interface are just a few of the reasons it hasn't found more buyers, with only 564 examples finding homes in Q2 of this year. In February, VW was already offering big discounts on the What Does A $61k Van Get You? View the 4 images of this gallery on the original article This 1st Edition model has a great spec, starting with the Mahi Green and Candy White paint, which works well with the retro 1st Edition wheels. Inside, it has Dune leatherette upholstery, and if that's not enough to brighten up the cabin, there's also a fixed electrochromic glass roof. The side doors and tailgate feature hands-free operation, and the front seats have massaging and heating. This van also enjoys heated second-row seats, three-zone climate control, a 12.9-inch touchscreen, and a Harman Kardon sound system. Dual electric motors produce 335 horsepower combined, and that goes to all four wheels. As per the window sticker, the EV returns 87/74/80 MPGe city/highway/combined, but the total range is poor at just 231 miles. Even so, the new buyer has paid almost exactly the same for this 1st Edition as what you'll pay for a new base model including destination ($61,545).398-Mile VW 1st Edition Sold At Huge Loss first appeared on Autoblog on Jul 21, 2025 This story was originally reported by Autoblog on Jul 21, 2025, where it first appeared.
Yahoo
19-07-2025
- Automotive
- Yahoo
4 Luxury Cars Over $45K That Are Worth the Money
High-end automobiles or luxury vehicles often come with large price tags that risk faster depreciation than these prime cylinder engines can accelerate. However, research from multiple industry observers indicates that certain models better retain their value over time while still delivering on performance and quality. Check Out: Read Next: Below are four vehicles with price tags over $45,000 that many seasoned reviewers deem prudent choices if you want a luxury car worth the money. Acura RDX MSRP: $46,050 to $55,800 A popular choice in the compact luxury brand SUV field, this model uses a turbocharged four-cylinder that leads to 272 horsepower. Owners cite its comfortable cabin, pleasant driving experience and all-wheel drive. Reviews characterize the RDX as an excellent value because it includes numerous standard features at a lower initial cost than many European rivals, luxury models or even some economy cars. It also typically achieves above-average depreciation rates. Consider This: Lexus RX 350 MSRP: $50,475 to $62,870 This crossover SUV has earned a strong following for its blend of reliability and comfort performance. It uses a 2.4-liter inline-four engine, which provides adequate power without excessive consumption, giving you the added benefit of decent fuel economy. Interiors typically come with user-friendly controls and comfortable seating arrangements. The brand has a reputation for longevity, and owners often encounter fewer mechanical headaches. As a result, used values remain higher than average, appealing to those seeking an upscale family vehicle that's not a major money pit down the road. Cadillac CT5-V Blackwing MSRP: $99,190 Occupying the mid-size sport luxury sedan category, this choice blends a spirited twin-turbo V-6 with a comfortable ride. Many owners enjoy advanced features like semi-autonomous driving aids, which can elevate daily commutes. The model typically fares better than some of its rivals in resale. While it might not top every ranking, it gets singled out as a respectable balance of performance and value. Although few high-end cars can sidestep depreciation entirely, the models listed above typically retain a higher percentage of their purchase prices. Luxury car buyers still benefit from premium interiors, advanced tech and satisfying performance. Car and Driver rates it a 10/10. Porsche 911 MSRP: $122,095 to $187,995 This iconic sports car stands out for delivering top-tier performance while avoiding the steep depreciation typically associated with exotics. Even older models often sell for strong prices on the pre-owned market. Whether you prefer a base Carrera or more powerful GTS and Turbo trims, the 911's driving dynamics and heritage of mechanical robustness account for its enduring appeal. Buyers must accept a higher sticker price, but the car's retained value helps balance the cost. Car and Driver gives it a 10/10 rating, which is good to know when buying a luxury car that offers you everything you want on wheels. Caitlyn Moorhead contributed to the reporting for this article. More From GOBankingRates The 10 Most Reliable SUVs of 2025 This article originally appeared on 4 Luxury Cars Over $45K That Are Worth the Money
The National
18-07-2025
- Business
- The National
How UAE's decision on property depreciation charge lowers tax burden
The UAE Ministry of Finance's decision to help businesses make depreciation tax adjustments for investment properties will provide a 'short-term tax and cash benefit', experts have said. The ministry issued Decision No 173 of 2025 on Thursday, allowing certain businesses to deduct depreciation from their taxable income on investment properties accounted for at fair value – but only if they elect the realisation basis for capital gains and losses. It is applicable for tax periods starting January 1, 2025. The deduction will be limited to the lower of the tax written down value of the investment property, or 4 per cent of its original cost for each 12-month tax period, or a pro-rated amount if the tax period is shorter or longer than 12 months, or if the property was held only for part of the tax year, the ministry said. Fair value is the estimated price an asset would sell for on the open market, while realisable value is the estimated amount that can be obtained from an asset after deducting any costs necessary to make the sale or completion. Written down value is the net value after deduction of depreciation, said Anurag Chaturvedi, chief executive of financial advisory Andersen UAE. He said this was 'a welcome clarification' for taxpayers holding investment property at fair value under the International Financial Reporting Standards. Businesses opting for the realisation basis must 'carefully compute' depreciation deductions in line with the new rules, he added. 'In simple terms, many companies own investment properties that increase or decrease in value over time. These values are updated in their books [fair value accounting] but, until now, they could not deduct any depreciation for tax purposes – meaning higher taxable profits and more tax to pay,' said Thomas Vanhee, founding partner of boutique tax advisory services firm Aurifer. 'With this new decision, companies that choose the realisation basis [ie, they only pay tax when a property is sold, not every year based on value changes] can now deduct a portion of the property's cost [up to 4 per cent annually] from their taxable income.' It provides a short-term tax and cash benefit for businesses through the depreciation granted, something which did not exist under the regime applicable up to the end of 2024. It also better aligns with the property's economic life, Mr Vanhee said. The decision impacts businesses, not people, and further strengthens the UAE's tax framework, he said. This is 'a significant change from prior practice', where depreciation was not permitted on such properties if fair value accounting was used, he added. For example, if a UAE company owns an investment property that originally cost Dh10 million ($2.7 million), recorded at fair value under the IFRS, and it chooses the realisation basis for tax purposes, the allowable depreciation would be 4 per cent of the original cost, or Dh400,000, Mr Chaturvedi said. The UAE introduced the federal corporate tax with a standard statutory rate of 9 per cent starting from the financial year beginning on or after June 1, 2023. It took the income of companies exceeding Dh375,000 within the taxable bracket. Business owners in the country would be subject to corporate tax only if their turnover in a calendar year exceeds Dh1 million, the ministry said at the time. Abu Dhabi's biggest listed developer, Aldar Properties, welcomed the 'progressive and well-calibrated' decision and said it ensured 'tax neutrality and equity', with deductions available to businesses that hold investment properties on a historical cost basis. The decision also provides clarity on how tax depreciation applies in cases of property transfers (between related or third parties), developments and claw-back scenarios – ensuring businesses have a clear view of their compliance obligations and financial planning, the developer said in a statement on Friday. Aldar operates two business divisions: Aldar Development and Aldar Investment. The latter's portfolio of income-generating properties had a gross asset value of Dh25.8 billion as of December 31, 2024. Faisal Falaknaz, group chief financial and sustainability officer of Aldar, said the decision 'creates parity' between different accounting treatments and helps companies plan long-term capital deployment 'more effectively'. Gaurav Keswani, founder and managing director of Dubai-based financial consulting firm JSB, said it's not a decision to be taken lightly. "Once a business opts in, it's irreversible and if the property is later transferred, there's the potential for a claw-back of the tax benefit. So, careful planning is essential," he warned.
Yahoo
17-07-2025
- Automotive
- Yahoo
Dave Ramsey Says Don't Buy A New Car Unless You're Worth $1 Million
Renowned financial advisor Dave Ramsey has offered valuable advice to Americans considering buying a new car, highlighting the importance of making a well-informed and financially sound decision. What Happened: Ramsey advises against the pursuit of the perfect car, instead urging buyers to focus on practical needs and financial constraints, reports The Street. He also suggests that buyers ask themselves essential questions such as the type of vehicle needed for daily routines, the number of passengers typically carried, and the importance of fuel economy and storage capacity. Trending: GoSun's Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — He also encourages buyers to be patient and explore various options, both online and in showrooms, before making a decision. Ramsey warns against the rapid acceptance of the first appealing offer, emphasizing the importance of finding the best fit for individual needs. However, Ramsey also offers a sobering reminder about the steep depreciation of new cars, warning that unless your net worth exceeds $1 million, opting for a used vehicle is the wiser financial move. 'Brand-new cars drop in value like a bag of rocks, losing 60% of their value in the first five years,' he said in a post last year. The financial guru also recommends that buyers narrow their options to a handful of vehicles that align with both their budget and daily needs. He asked people to assess key factors like safety ratings, acceleration, fuel efficiency, and overall comfort, urging shoppers to prioritize practicality over simply choosing the cheapest It Matters: The advice from Ramsey comes at a time when the cost of car ownership is a significant concern for many Americans. A January 2025 report from Edmunds reveals a troubling trend in auto financing. In the fourth quarter of 2024, about 24.9% of trade-ins used for new car purchases involved negative equity, up from 20.4% during the same period in 2023. The average amount borrowers owed beyond their vehicle's value hit a record high of $6,838, exceeding the previous record of $6,458 set just a quarter earlier. Alarmingly, nearly a quarter (24.6%) of those with negative equity were more than $10,000 underwater on their auto loans. Ramsey's advice also aligns with his previous stance on car payments, where he advocated for avoiding the middle-class trap of perpetual car payments, stressing the importance of making financially prudent decisions when it comes to car ownership. Meanwhile, legendary investor Warren Buffett once opted to wait on buying a new car for years. The Oracle of Omaha drove his 2006 Cadillac DTS for eight years before finally upgrading — but only after General Motors CEO Mary Barra personally convinced him. After hearing about dozens of improvements during a brief conversation, Buffett agreed to trade it in for a 2014 Cadillac XTS. Read Next: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — And You Can Invest At Just $6.37/Share These five entrepreneurs are worth $223 billion – they all believe in one platform that offers a 7-9% target yield with monthly dividends Photo courtesy: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Dave Ramsey Says Don't Buy A New Car Unless You're Worth $1 Million originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
