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1/6/2009
Tuesday morning
This topic is closed off and you will be taken directly to the website.
Topics taken from open source list. I hope you find this useful.
This site is for our clients only as an information resource.
| One significant difference in favor of leasing is that
the luxury auto limits for leased cars implemented
through an income addback give a much more generous
deduction than the corresponding depreciation limits for
cars owned. The table of income addback is prescribed
through IRS regulations. For example, the addback for a
$30,000 car initially leased in 1996 for the second year
is only $259. Contrast that with the second year
depreciation limit of any car which is $4900. The MACRS
depreciation would be $9,000 in the absence of the
dollar limit, for a $4100 disallowance. |
| Im a student doing a marketing plan on Mercedes. I need luxury car owners
to fill out a survey. The survey is below and only takes about 5 minutes.
If you own a luxury car, could you fill it out and email back to
aisrani@yahoo.com? Feel free to omit or elaborate on any question. Thank
you for your help. |
| In a Sales Satisfaction Index survey by JD Power and Associates of 55,000
car and truck owners, Saturn ranked number one. In 1994, Lexus took the
title but dropped to number four in 1995. Infiniti earned second place in
both years. Saturn was number one in salesperson performance, delivery
activities, and initial product conditions -- the three subsections of the
survey. According to the survey, 90% of Saturn customers were very
satisfied with the sales and delivery of their 1995 cars. In the truck
category, Oldsmobile was number one. Oldsmobile was number one in 1993,
but lost its title in 1994 to Land Rover, which dropped to number six in
1995. Saturn and Oldsmobile are divisions of General Motors Corp. JD
Power and Associates noted that Saturn has the largest percentage of female
salespeople at 26%, which easily beats the industry average of 8%. For the
first time in the surveys 9 year history, domestic automakers did not win
as a group, as a result of five of the ten name. |
| This is the shocker! You only have to fill out a
Membership Application (everyone qualifies to become a
Member) and pay $395 annual dues. Hey, how hard is that?
Note: In the unlikely event that Five Star Auto Club fails
to find a leasing company that will approve your lease,
Five Star Auto Club will promptly refund all dues that you
have paid as a Member. After all, a luxury car with a
$40,000 M.S.R.P could cost you $1,500 or more down plus
$600 to $800 in monthly payments on a twenty-four month
lease. As a Five Star Auto Club Member you would pay $-0-
down payment and only $100 monthly Membership dues - no
more ever - regardless of what the M.S.R.P is on your
Dream Vehicle.
Please E-mail your postal mail address and I will send you a full color
brochure and an application. |
|
I WAS WONDERING IF ANYONE HAD ANY INFORMATION ABOUT THE DIFFERENCE
IN THE EXCLUSION FOR LUXURY AUTOS BETWEEN LEASING AND PURCHASE.
ONE OF MY CLIENTS HAS A 67,000 AUTOMOBILE FIRST LEASED IN 1996.
THE MONTHLY PAYMENTS ARE 1057.00/MONTH WHICH AMOUNTS TO 12684.00/YEAR
OVER A FOUR YEAR LEASE TERM WHICH ALLOWS FOR THE FOLLOWING DEDUCTIONS
FROM HIS TAX RETURN 1996 12684.00 MINUS LEASE EXCLUSION OF 402.00
1997 12684.00 MINUS LEASE EXCLUSION OF 880.00
1998 12684.00 MINUS LEASE EXCLUSION OF 1305.00
1999 12384.00 MINUS LEASE EXCLUSION OF 1565.00 |
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