This integral part of a lease remains a mystery to most If you decide to lease a vehicle, you will probably want to understand how the lease payment is calculated. When you purchase a vehicle and they say that you can get a 4-year loan at
If you buy a car with low gas mileage there is an extra tax you must pay. The Energy Tax Act of 1978 established a Gas Guzzler Tax on the sale of new model year vehicles whose fuel economy fails to meet certain statutory levels. The
A consumer guide provided by the Federal Reserve The information in this section is provided by the Federal Reserve. This section gives an overview of the most common type of vehicle lease -- a closed-end lease. With this type of lease, you may return the vehicle
In most states, the vehicle's full price is taxed before the rebate goes to the buyer By Albert B. Crenshaw / The Washington Post Saturday, August 27, 2005 WASHINGTON -- The recent explosion of cash-back coupons and rebates on the sale of cars and trucks has done great
As an employee there are quite a few business expenses that you can deduct. You can deduct any unreimbursed expenses or the difference between your actual expenses and any amounts that you have been reimbursed for. Check the list below for possible deductions, make sure
In a Private Letter Ruling the IRS ruled that passenger cars and sport utility vehicles (SUVs) are like-kind property. The two vehicles are merely different in grade or quality. They are not different in character or nature, the two concepts that would prohibit their like-kind
We have put together a list of helpful items to consider when your are considering purchasing or leasing a business use vehicle. This list works hand in hand with the 10 Questions to Ask Yourself Prior to Acquiring Business Use Vehicles. Car depreciation is limited by
If you ask yourself the 10 questions below, you will have a good feel on whether you should lease or purchase your next business use vehicle. You will also have a good idea on the best way to maximize the business write off of the
Quick Highlights Tax Deduction of $2,000 for new hybrids purchased prior to December 31 , 2010. Tax Credit of up to $3,400 for new hybrids purchased or leased after December 31, 2005. Basis must be reduced by the amount of the credit taken. There will