@garronterrell · Garron Terrell
Saved 2026-07-02 · Posted 2026-06-30 · Status: New
The goal isn’t to buy expensive cars. The goal is to understand how debt, taxes, and depreciation actually work. I didn’t put a penny down, captured the deduction, and if the resale market stays decent, the car could end up making me money.
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Comments (15)
I own a $220k Land Rover and I think it’s funny he thinks the G wagon will depreciate $10k a year. Must be his first time doing this… lol
On the positive side, nobody is taking this guys advice
I’m a real advisor. 4.5% spread is nonsense for most investors without 8 figures in savings . SOFR is 3.7% so you’re never going to see that low of a spread. Oftentimes the dealer offers better rates for 99% of investors.
Using the power of debt leverage to role around in a G wagon is not the flex you think it is. Better off buying a 20 year old Toyota truck and using that leverage to grow your assets.
Love this! Let’s talk tax strategy and depreciate 💪🏽
I’ve done this 5 times. I made money 2 times, broke even 2 times, and because I put 38k miles I “lost” 10k. Has to be a G63, when you take delivery it’s best to order the next one, rinse and repeat.
It’s a good strategy as long as you understand the risks The dangerous combination is rising rates + declining portfolio value simultaneously. That’s when a PAL can force a liquidation at the worst possible time by selling depreciated assets to cover a growing loan balance. Also note that if this is a personal use vehicle, the investment interest expense deduction doesn’t apply. (Only biz use) The $200K “write-off” scenario is good for 2026 but only if it clears the 50%+ business use test and is titled & used through the business. Strategies like this are great even used for short term financing and liquidity needs
Yeah but how much is Charles Schwab portfolio worth?
Schwab’s PAL loan rates are SOFR + 2.5-4.5%. So it’s def not 4.5% annual interest rate.
Yet you still have to pay for it 🤦♂️
How do you write off a line against your assets? S blocks or Security back line. Also it would be awesome to hear you talk about the fact that your assets remain vested and continue to grow.
You definitely did not get a 4% rate on a pledge asset. That is false
Smart!!! Love this.... 🔥
Big brain activities
How much did you have in your Charles Schwab account? That allowed you to do this, or instead of the full amount, was it greater than the price of the vehicle that would help. Thank you