Drove a Tesla this week....seriously thinking of getting the model X....

[Tedim]

Due for a new car.....

[Irongrip400]

Roll off containers must be booming? Lotta residential building in your neck of the woods?

[Tedim]

Roll off containers must be booming? Lotta residential building in your neck of the woods?

It's OK....but not my primary business. I develop coin laundries and distribute industrial laundry equipment. Also broker existing units.....and business is picking up again, 2 units sold and going into construction in Louisiana and 1 in Mobile AL.

Plus some others.

[avxo]

Due for a new car.....

I haven't drive the Model X but I did drive the Model S and it was a great car - it exceeded all my expectations. I don't think you'll be disappointed if you do get it. I am seriously contemplating a decked-out P85 Model S.

[Tedim]

I haven't drive the Model X but I did drive the Model S and it was a great car - it exceeded all my expectations. I don't think you'll be disappointed if you do get it. I am seriously contemplating a decked-out P85 Model S.

I drove the S as well....a close friend bought one, weird feeling no noise and fast as crap. We swapped for a day.....he got o play with my 2012 F150 x4 SCREW

X is only due to be delivered in 14'

[ESFitness]

It's OK....but not my primary business. I develop coin laundries and distribute industrial laundry equipment. Also broker existing units.....and business is picking up again, 2 units sold and going into construction in Louisiana and 1 in Mobile AL.

Plus some others.

not much to say about the Tesla, but the coil laundry sounds interesting.

what kinda overhead am I looking at? water/electric? how many units (washers and dryers) would you say is the minimum? more cost effective to buy an existing coinop biz or build my own? (obviously an existing laundry would have an established customer base already, so that'd be priced in).

[Tedim]

not much to say about the Tesla, but the coil laundry sounds interesting.

what kinda overhead am I looking at? water/electric? how many units (washers and dryers) would you say is the minimum? more cost effective to buy an existing coinop biz or build my own? (obviously an existing laundry would have an established customer base already, so that'd be priced in).

Utilities run 20-25% of gross sales......plus your fixed expenses rent, insurance, note, payroll if attended but then you can sell items behind the counter and do wash dry and fold. New is good, existing is good if the deal is right, customer base is not a significant characteristic.....coin laundries are destination spots so as soon as they open within 6 months they hit 90% market saturation. Need to be liquid for 100k to get in and make it.....ROI 20% on a good buy I have had them produce 70%....but rarely norm is 30-40. A new build 2500 sq ft store I sell for 450-550K but that's the high end construction and equipment.....I don't do discount stores, never had a failure. We've built over 60 units in the last decade....the last 4 years being shit years 70% decline in our development, people are broke.

With the 179 deduction up to 500k tax deduction so no taxes, for some a 40% return day 1.

[Tedim]

A 25x60 foot "shotgun store" usually carries 22 washers front load and 10 stack dryers...cost to build 1500sqft store 300k give or take.....turn key.

[MikMaq]

elon musk is my hero my cousin works for him at spacex.

Superior autistic genes found there.

[Coach is Back!]

Got to admit, for an electric car (any car for that matter) its a beautiful car. I see why they made a profit.

[Tedim]

Got to admit, for an electric car (any car for that matter) its a beautiful car. I see why they made a profit.

Price points a bit high.....but they say the X model will be a bit less ouchie on the pocketbook around 60k....for the upgraded battery but not the 4x

[BIG ACH]

My dad JUST ordered the Model S two weeks ago... Can't wait to go visit him and borrow it for a few hours (if he lets me LOL).  0 - 60 in 4.1 seconds.

And that 17" screen inside is SICK!

Too bad he got it in the ugly grey color like in this picture.

[Parker]

My dad JUST ordered the Model S two weeks ago... Can't wait to go visit him and borrow it for a few hours (if he lets me LOL).  0 - 60 in 4.1 seconds.

And that 17" screen inside is SICK!

Too bad he got it in the ugly grey color like in this picture.

What, he got rid of the E350 with AMG sport kit?
I see the Model S a lot outside of DC...and stop light drag racing as well.

[BIG ACH]

What, he got rid of the E350 with AMG sport kit?
I see the Model S a lot outside of DC...and stop light drag racing as well.

Its an S-550, and he still owns that as well lol.

Funny, when he told me he bought the Tesla I was like "I didn't even think you knew what the hell Tesla was"
and he was like "oh yeah, of course, the company is owned by the guy who owns PayPal"
Then I go "I didn't even think you know what PayPal is!!!"
And he responds, "Do you think I live in a cave or something?  One's gotta keep up with all the new technology coming out son!"

[Parker]

Its an S-550, and he still owns that as well lol.

Funny, when he told me he bought the Tesla I was like "I didn't even think you knew what the hell Tesla was"
and he was like "oh yeah, of course, the company is owned by the guy who owns PayPal"
Then I go "I didn't even think you know what PayPal is!!!"
And he responds, "Do you think I live in a cave or something?  One's gotta keep up with all the new technology coming out son!"

Your pops is right. And good for him.

[Tedim]

For me it will get rid of the 3 car 2 drivers.....dead battery issue 

[BIG ACH]

For me it will get rid of the 3 car 2 drivers.....dead battery issue  

The Model X doesn't come out until next year I think, right?


The dealer told my dad if when the X comes out, he likes it better they'll let him exchange it.  I like the Model S better, but this is up in Toronto, so the X may be more useful for him in the snow!

[Tedim]

The Model X doesn't come out until next year I think, right?


The dealer told my dad if when the X comes out, he likes it better they'll let him exchange it.  I like the Model S better, but this is up in Toronto, so the X may be more useful for him in the snow!

Yes in 2014....

That's perfect timing for me I try to space my vehicles out 2-4 years so I'll have an 2008, 2012, 2014.... And in 16 the Sequoia will get refreshed with a new Sequoia 

[BIG ACH]

Yes in 2014....

That's perfect timing for me I try to space my vehicles out 2-4 years so I'll have an 2008, 2012, 2014.... And in 16 the Sequoia will get refreshed with a new Sequoia 

If you don't mind me asking, since you change cars regularly, do you usually lease or buy?

[Tedim]

If you don't mind me asking, since you change cars regularly, do you usually lease or buy?

I buy, actually my LLC's buy and then depreciate the vehicle so the tax deduction passes to me....all LLC gains or losses pass to the taxpayer.

A dear friend sell the old vehicle on his lot. The realized amount is applied to the new vehicle plus 10k is added. The balance financed for 24 month with a duel title LLC and me, when last payment is made, the vehicle is sold to me for $100.......then rinse repeat rinse repeat. Because we have always 3 vehicles for two drivers we have very low mileage on them....example the sequoia 2008 has just over 40k.

Edit.....I do the same thing with iPhones

[BIG ACH]

I buy, actually my LLC's buy and then depreciate the vehicle so the tax deduction passes to me....all LLC gains or losses pass to the taxpayer.

A dear friend sell the old vehicle on his lot. The realized amount is applied to the new vehicle plus 10k is added. The balance financed for 24 month with a duel title LLC and me, when last payment is made, the vehicle is sold to me for $100.......then rinse repeat rinse repeat. Because we have always 3 vehicles for two drivers we have very low mileage on them....example the sequoia 2008 has just over 40k.

Edit.....I do the same thing with iPhones

Oh that's awwsome!  Good deal.

I was under the impression that an LLC would benefit more from the tax breaks that come from leasing. But sounds like you have the formula all figured out :-)

[Ronnie Rep]

Due for a new car.....

Beautiful car! Electric or not What is the milieage range before it needs to be charged?

[Tedim]

Oh that's awwsome!  Good deal.

I was under the impression that an LLC would benefit more from the tax breaks that come from leasing. But sounds like you have the formula all figured out :-)

With a lease you get to write off the entire lease payment as an expense....while the lease holder depreciates the asset.....people who will lose on resale and don't know how to sell vehicles might be better off with a lease....we do not suffer from this limitation

Plus I get to list it on a balance sheet....while a leased vehicle cannot be.

[Tedim]

Beautiful car! Electric or not What is the milieage range before it needs to be charged?

150-180 miles on standard battery....but they have an option for a 300 mile

[El Diablo Blanco]

Fucking Betas discussing electric cars.  Real men drive gas or diesel sucking American made automobiles.  Not toy cars that run on batteries.