Do we have any channel to discuss vehicle ownership? Does anyone own a luxury car?

No dedicated channel, from what I've seen. I would certainly be interested if anyone has any advice on leased cars. Folks in some companies get the option of car leasing. I wonder how it stacks against leasing a car as an individual. I certainly would be interested in hearing any options to lease a luxury car without burning a hole in my pocket!

When I looked at leasing cars a few years ago via Leaseplan, it comes to about 1.5x your EMI for a similar car. It is more expensive to lease — atleast when I checked. And at the end of your lease, you can opt to buy-back the car. It make sense in very few cases where it is beneficial because the entire lease amount gets deducted from your books as a “service” versus owning the car as a depreciating asset. The guy said that they would purchase any car for you (that you can afford to pay the lease for) — and take care of insurance + maintenance, tyre changes, etc.

@loud-glass-33663

It make sense in very few cases where it is beneficial because the entire lease amount gets deducted from your books as a “service” versus owning the car as a depreciating asset.

This is a great idea. I'm going to talk to my CA. I'm looking at vehicles right now and am frankly waiting for some longer range EV to become available. So a 2-year transition vehicle lease that allows the entire amount to be deducted from income makes a lot of sense.