{"id":43761,"date":"2023-12-27T03:13:46","date_gmt":"2023-12-27T11:13:46","guid":{"rendered":"https:\/\/sweet-pascal.52-27-215-206.plesk.page\/millionaire-investor-reveals-the-only-car-he-would-buy-instead-of-lease\/"},"modified":"2023-12-27T03:13:46","modified_gmt":"2023-12-27T11:13:46","slug":"millionaire-investor-reveals-the-only-car-he-would-buy-instead-of-lease","status":"publish","type":"post","link":"https:\/\/vietvalley.com\/millionaire-investor-reveals-the-only-car-he-would-buy-instead-of-lease\/","title":{"rendered":"Millionaire investor reveals the only car he would buy instead of lease"},"content":{"rendered":"<p>Grant Cardone is a millionaire investor and author with a large online presence.<\/p>\n<p>That\u2019s why people generally want to know what he has to say when it comes to finance.<\/p>\n<p>And when they asked if he\u2019d ever buy a car as an investment, his answer was quite shocking.<\/p>\n<p><strong>READ MORE:<\/strong> <a href=\"https:\/\/supercarblondie.com\/tay-sweat-day-trading-vantage-markets\/\" target=\"_blank\" title=\"\" rel=\"noopener\"><strong>This ex nutrition trainer became a millionaire stock trader at just 26 years old<\/strong><\/a><\/p>\n<p>As you can imagine, his answer was 100 percent strategic.<\/p>\n<p>So those waiting to hear the words \u2018passion\u2019 and \u2018cars\u2019 in the same sentence may be disappointed.<\/p>\n<p>However, what he says does make sense.<\/p>\n<p>Grant Cardone wouldn\u2019t buy a coveted classic that appreciates with value or a rare exotic supercar.<\/p>\n<p>Nope, the only car he\u2019d buy, rather than lease, is a <a href=\"https:\/\/supercarblondie.com\/range-rover-sport-p530-review-luxury-suv\/\" target=\"_blank\" title=\"\" rel=\"noopener\">Range Rover<\/a>.<\/p>\n<div> <a href=\"https:\/\/www.instagram.com\/reel\/C1HbWS8rEsQ\/?utm_source=ig_embed&amp;utm_campaign=loading\" target=\"_blank\" rel=\"noopener\"> \n<div>\n<div><\/div>\n<div>\n<div><\/div>\n<div><\/div>\n<\/div>\n<\/div>\n<div><\/div>\n<div><\/div>\n<div>\n<div>View this post on Instagram<\/div>\n<\/div>\n<div><\/div>\n<div>\n<div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n<\/div>\n<div>\n<div><\/div>\n<div><\/div>\n<\/div>\n<div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n<\/div>\n<\/div>\n<div>\n<div><\/div>\n<div><\/div>\n<\/div>\n<p><\/p><\/a>\n<p><a href=\"https:\/\/www.instagram.com\/reel\/C1HbWS8rEsQ\/?utm_source=ig_embed&amp;utm_campaign=loading\" target=\"_blank\" rel=\"noopener\">A post shared by Grant Cardone (@grantcardone)<\/a><\/p>\n<\/div>\n<p>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<p>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<p>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<p>Even if you didn\u2019t drive it.<\/p>\n<p>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<p><a href=\"https:\/\/supercarblondie.com\/wp-content\/uploads\/Range-Rover-Sv-2024-Mansory-designed-to-look-like-a-Stormtrooper-costs-over-six-figures-1.png\"><\/a>RoCars \/ YouTube<a href=\"https:\/\/supercarblondie.com\/wp-content\/uploads\/Black-Cullinan-AUTOGESPOT.jpg\"><\/a>AUTOGESPOT<\/p>\n<p>Generally speaking, the vast majority of new cars lose value when you buy them.<\/p>\n<p>According to online lending marketplace <a href=\"https:\/\/www.lendingtree.com\/auto\/how-much-do-new-cars-depreciate\/\" target=\"_blank\" title=\"\" rel=\"noopener\">Lendingtree.com<\/a>, a car can lose up to 20 percent of its value in its first year.<\/p>\n<p>This obviously vary depending on the vehicle.<\/p>\n<p>A generic sedan loses value way faster than, say, a Porsche 911.<\/p>\n<p>But with the exception of some limited-edition supercars, no car is exempt.<\/p>\n<p>Mind you, speaking of those exceptions, some cars can indeed become more valuable with time.<\/p>\n<p>Sometimes to an extent that may blow your mind.<\/p>\n<p>That\u2019s definitely the case with the <a href=\"https:\/\/supercarblondie.com\/mercedes-benz-300-slr-silver-arrow-most-expensive-classic-car\/\" target=\"_blank\" title=\"\" rel=\"noopener\">Mercedes SLR 300<\/a>, which sold for a whopping $142 million.<\/p>\n<p>The post <a href=\"https:\/\/supercarblondie.com\/grant-cardone-car-investment\/\">Millionaire investor reveals the only car he would buy instead of lease<\/a> appeared first on <a href=\"https:\/\/supercarblondie.com\/\">Supercar Blondie<\/a>.\u00a0<\/p>","protected":false},"excerpt":{"rendered":"<p>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 &hellip;<\/p>\n","protected":false},"author":0,"featured_media":43762,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[82,72],"tags":[],"class_list":["post-43761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-society","category-entertainment"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v24.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Millionaire investor reveals the only car he would buy instead of lease - VietValley<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vietvalley.com\/millionaire-investor-reveals-the-only-car-he-would-buy-instead-of-lease\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Millionaire investor reveals the only car he would buy instead of lease\" \/>\n<meta property=\"og:description\" content=\"Grant Cardone is a millionaire investor and author with a large online presence. 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