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Ok, I am starting to see what you are saying. In addition to Tax benefits, due to inflation the $60k would be worth less in real terms in 5 years too. Still dont think its something I would be doing though.

If I understand your concept correctly the flaw in your plan is that new cars depreciate dramaticly, especially expensive ones. If you have an interest only loan in 5 years you will owe $60K and the car will be worth $20K if you are lucky. I drive a nice 5 yo car that when new was $50k. Have...