djillusion

it does still exist. however in the 1st year you can deduct $25,000 + accelerated deprecation + the 1st year deprecation on an SUV with GVWR of 6,000 lbs or more.

the $25,000 used to be $100,000, but it ended CY2004. not sure how much longer even the $25,000 is going to stick around either.

the question is: is it worth dumping a large down-payment to even buy one of those 6,000 lb SUVs, when knowningly the SUV is going to depreciate (ie why tie a large sum of of cash into a business vehicle?).

im thinking i rather lease the car, and give it back when its done with term, then move onto something else new & exciting in 36 months (if i did this, i dont have to get a 6000 lb SUV - it can be any vehicle that is to be used for "business").

dealing with a monthly payment with no money down is probably a better scenario. since i rather not make a large down-payment and instead invest into a higher yield initiative.

i hope i made sense.

mdwsta4â„¢uroslut

right! like living in the city isn't expensive enough already