Grant Cardone is a millionaire investor and author with a large online presence.<\/p>\n
That\u2019s why people generally want to know what he has to say when it comes to finance.<\/p>\n
And when they asked if he\u2019d ever buy a car as an investment, his answer was quite shocking.<\/p>\n
READ MORE:<\/strong> This ex nutrition trainer became a millionaire stock trader at just 26 years old<\/strong><\/a><\/p>\n As you can imagine, his answer was 100 percent strategic.<\/p>\n So those waiting to hear the words \u2018passion\u2019 and \u2018cars\u2019 in the same sentence may be disappointed.<\/p>\n However, what he says does make sense.<\/p>\n Grant Cardone wouldn\u2019t buy a coveted classic that appreciates with value or a rare exotic supercar.<\/p>\n Nope, the only car he\u2019d buy, rather than lease, is a Range Rover<\/a>.<\/p>\n <\/p><\/a>\n A post shared by Grant Cardone (@grantcardone)<\/a><\/p>\n<\/div>\n The Range Rover, according to Cardone, is the best type of vehicle if we only consider those that qualify as a Section 179 vehicle.<\/p>\n Section 179 is a specific section in the IRS (Internal Revenue Service) tax code, which allows for immediate depreciation write-offs for qualifying vehicles\u200b\u200b\u200b\u200b depending on size and weight and other factors.<\/p>\n According to Cardone, you can buy it near the end of the fiscal year and immediately write it off that very same year.<\/p>\n Even if you didn\u2019t drive it.<\/p>\n Cardone says he owns has a Rolls-Royce Cullinan, but he leases that car because that way he can write off the lease against his income.<\/p>\n <\/a>RoCars \/ YouTube<\/a>AUTOGESPOT<\/p>\n Generally speaking, the vast majority of new cars lose value when you buy them.<\/p>\n According to online lending marketplace Lendingtree.com<\/a>, a car can lose up to 20 percent of its value in its first year.<\/p>\n This obviously vary depending on the vehicle.<\/p>\n A generic sedan loses value way faster than, say, a Porsche 911.<\/p>\n But with the exception of some limited-edition supercars, no car is exempt.<\/p>\n Mind you, speaking of those exceptions, some cars can indeed become more valuable with time.<\/p>\n Sometimes to an extent that may blow your mind.<\/p>\n That\u2019s definitely the case with the Mercedes SLR 300<\/a>, which sold for a whopping $142 million.<\/p>\n The post Millionaire investor reveals the only car he would buy instead of lease<\/a> appeared first on Supercar Blondie<\/a>.\u00a0<\/p>","protected":false},"excerpt":{"rendered":" Grant Cardone is a millionaire investor and author with a large online presence. That\u2019s why people generally want to know what he has to say when it comes to finance. And when they asked if he\u2019d ever buy a car as an investment, his answer was quite shocking. READ MORE: This ex nutrition trainer became …<\/p>","protected":false},"author":0,"featured_media":43762,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[82,72],"tags":[],"class_list":["post-43761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-society","category-entertainment"],"_links":{"self":[{"href":"https:\/\/vietvalley.com\/en\/wp-json\/wp\/v2\/posts\/43761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vietvalley.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vietvalley.com\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vietvalley.com\/en\/wp-json\/wp\/v2\/comments?post=43761"}],"version-history":[{"count":0,"href":"https:\/\/vietvalley.com\/en\/wp-json\/wp\/v2\/posts\/43761\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vietvalley.com\/en\/wp-json\/wp\/v2\/media\/43762"}],"wp:attachment":[{"href":"https:\/\/vietvalley.com\/en\/wp-json\/wp\/v2\/media?parent=43761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vietvalley.com\/en\/wp-json\/wp\/v2\/categories?post=43761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vietvalley.com\/en\/wp-json\/wp\/v2\/tags?post=43761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}