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1/5/2009
Monday morning
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| Masami Iwasaki, Vice Chairman of Toyota Motor Corp, says that the trade
tensions between the US and Japan could be eased by increasing the number
of cars and trucks built in the US by Japanese companies. However this
does not satisfy Americas desire to get the Japanese to open their car
market, and it would make Japanese companies more competitive with American
automakers. The proposal would reduce imports to the US and reduce the US
trade deficit with Japan, while allowing Japanese automakers to avoid
currency exchange rates. With Japanese companies building more vehicles in
the US, new businesses could be generated for US auto parts suppliers.
Auto parts make up 20% of the US trade deficit with Japan. Toyota and
Honda Motor Co Ltd already have plans for increased production in North
America, with a combined growth of more than 300,000 vehicles by 1998. By
1998, Japanese automakers reportedly could expand production in the US by
400,000 units. Executives for Toyota in the US ha. |
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i am planning to lease 2000 E320 for 3 years(45kmiles) with purchase option
at the end of the lease. because that way i can save and invest more. i m
planning to put down about $10,000 and take $600/month for 36months. do u
think its a good idea? also what percentage of new luxury car owners lease
rather than finance?? |
| On cars, the average millionaire spent less than 1% of their net worth on an
automobile. They also tended to buy domestic luxury cars, and a surprising
number
purchased one or two year old used cars. They look at cars as transportation,
and
focus their time and energies on accumulating and maintaining wealth. |
| 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. |
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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 |
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