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Originally Posted by Paq
not really
finance long term, get the tax write off offhand, put it under 'bidness expense' and there ya go
and no, i knew you were gonna chime in when i said free, but it's not free, it's just 'free' you pay the money, but you get it back one way or another.
either way, it's a nice writeoff for gas guzzlers and an incentive for car makers to make even bigger guzzlers.
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A $60,000 writeoff doesn't mean you get $60,000 back off your taxes, it means you don't pay tax on $60,000 of your income. You are only getting back 25%-35% of that $60,000.