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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. |
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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 |
| 13. Was this your first purchase of a luxury car? ___ YES ___ NO
If not, were your other car(s) of the same brand? ___ YES ___ NO
14. Are you leasing your car? ___ YES ___ NO
15. Did you buy your car new or used?___ NEW ___ USED |
|
Thank you for inquiring about Five Star Auto Club’s lease alternative
program; the program that! has people excited nationwide. At first I thought
it was “too good to be true,” but I was wrong. The more I checked it out,
the better it looked. You do not have to have any of your cash invested in
another vehicle – ever! The day of the two and three car family is almost
over, due to the high price of vehicles, the price of high-tech vehicle
repairs, and the cost of insurance. You can drive a new family mini van,
full sized luxury car, truck, racy sports car, rugged 4x4, or even a
motorcycle or plush motor home. There is no contest, no catch, no drawing, or
no multi-level marketing – it’s a fact! Formed in 1984, Five Star Auto
Leasing has an honest, no gimmick offer for you through their new division –
Five Star Auto Club. Members helping members! |
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