|
I just bought an 03 Expedition, the closeout prices on the last model year were too good to pass up.
Whatever you buy, make sure it is over 6,000 lbs so you can use the SUV loophole in your taxes. Whatever % you use for business can be taken of the car's value in depreciation for the first year--up to 100%.
Personally, I love my $30k tax write-off!
(for those who aren't aware, search for info on the SUV loophole - vehicles with a combined weight rating over 6,000 lbs are classified as "light trucks" and can be deducted fully as equipment).
|