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1/5/2009
Monday 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.
| If you use your automobile for business purposes, a portion of your
lease expense (based on the percentage of business to personal use)
will be deductible. Theres also an addition to income for the lease
inclusion amount thats meant to put leases on an even footing with
purchasers (who have their depreciation limited by the luxury auto
rules). |
|
AutoSmart USA can meet any automotive needs. We provide auto leasing and
auto financing for all makes and models of new and used vehicles. Cars,
trucks, vans, sport utility vehicles (SUV), sports cars, exotic cars,
antique and vintage cars, pre-owned luxury cars, compact, mid-size, economy
and full-size cars are all available at wholesale, discount prices. |
| Why is it that if you purchase a luxury auto you are
limited in depreciation to between 1500-5000 per year
BUT IF YOU LEASE THE SAME CAR YOU CAN TAKE LEASE PMT
DEDUCTIONS TOTALLING MUCH MORE THAN THAT. |
| 1. Type of Car: Make: Model: Year:
2. Marital Status: ___ Single ___ Married ___ Divorced ___ Widowed
3. Age: ___ 20-30 ___ 31-40 ___ 41-50 ___ 51-60 ___ 60+
4. Income range: ___ 0-50,000 ___ 50,001-100,000
___ 100,001-200,000 ___ 200,000+
5. How long did it take you to come to a decision to buy your luxury car
(from researching to making your final decision)? |
| Alternatively, most owners of expensive luxury cars are actually quite poor.
They
may have strong incomes, but most have little or no net worth. Theres a
connection
between the two. |
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