I get that depreciation is a useful tool for business accountants but my point is that if a business has to sell the Teslas, it would be better for them to get a good resale price over more depreciation.
Depreciation is good for “oh well, at least we don’t have as much tax” as opposed to “let’s sell these assets at a loss to get more depreciation”.
The article implied it was the depreciation driving (you see what I did there?) the decision to sell. It’s more complicated that that. Of course a good sale price would be nice, all things being equal. It’s just that it’s not a binary choice.
I’ve been hearing ads to buy a Tesla from Hertz soon after they added them to their fleet. I suspect they have many other reasons why they’re going this route and this isn’t a short term play.
I get that depreciation is a useful tool for business accountants but my point is that if a business has to sell the Teslas, it would be better for them to get a good resale price over more depreciation.
Depreciation is good for “oh well, at least we don’t have as much tax” as opposed to “let’s sell these assets at a loss to get more depreciation”.
The article implied it was the depreciation driving (you see what I did there?) the decision to sell. It’s more complicated that that. Of course a good sale price would be nice, all things being equal. It’s just that it’s not a binary choice.
I’ve been hearing ads to buy a Tesla from Hertz soon after they added them to their fleet. I suspect they have many other reasons why they’re going this route and this isn’t a short term play.