Buy a Hummer H2 and get an instant $38,000 deduction

[Zebo]

Text

 

[Brutuskend]

Thats just WRONG!

 

[Evadman]

This is also so old.

 

[kh3443]

This should be in the Hot deal forum

 

[Tallgeese]

Have to ask the accountants tomorrow at work if this is true...

 

[yowolabi]

You have to already me in a high tax bracket though.

 

[rufruf44]

A Land Cruiser will be of a better value IMHO. You can actually use it for something usefull instead of just showing off.
Note: only apply to Business Owner.

 

[T2T III]

Thank goodness it's only a tax deduction and not a tax credit.

 

[Zebo]

Originally posted by: Tallgeese
Have to ask the accountants tomorrow at work if this is true...

Ask if you only put 20K down and finance the rest (~35K) if you can still get the full deduction....I know normal depreciation over five years rules still apply...But 38K in one year!!

 

[Anubis]

id rather have a G55 AMG

 

[Zebo]

I test drove one today for about 2 hours and take back all I ever said about it's being a red headed step child to the H1. It's freken awesome and very comfortable, I was a little disappointed by the fuel mileage of only 12MPG since my truck gets over 20 (diesel) but it's like driving a caddy and nothing is el cheapo GM plastic like so many GMs are.

 

[Brutuskend]

And it takes up two and a half lanes...

 

[Evadman]

Originally posted by: Brutuskend
And it takes up two and a half lanes...

 

[SherEPunjab]

i'm going to talk to my cpa regarding this. SeP may be cruisin in a hummer soon!

will keep you guys posted if it works.

hehe.

 

[boyRacer]

the new range rover cost more than that?

 

[etech]

This story sounds sort of familar.

Shipwrecked in New Jersey

or this one with a Kennedy theme

1999, Washington Post Writers Group

H2 made in Mishawaka, Ind

 

[T2T III]

I think our government should make a revision -

Now: "Buy a Hummer and get a tax deduction equal to the purchase price."

Should be: "Buy a Hummer and get a Hummer." :Q :Q

 

[gopunk]

Originally posted by: wje
I think our government should make a revision -

Now: "Buy a Hummer and get a tax deduction equal to the purchase price."

Should be: "Buy a Hummer and get a Hummer." :Q :Q

from janet reno!

 

[Zebo]

the new range rover cost more than that?

?? Whats your point and yes it does plus no deduction other than 5 year maxiums in depreciation which don't even come close to purchase price. The H2 is cheaper than a loaded escalade and about the same as a loaded tahoe or yukon XL but with those you don't get the break it appears...
Plus what americans are you employing buying a RR but a couple of sales weasles.

 

[Spac3d]

My mom want's a bright Yellow H2. I showed my dad this same article, and we are gonna go test drive em this week

I am hoping my mom won' notice if I try to get them to sign off on 24"s for the beast (28"s would be better tho)

Spac3d

 

[tcsenter]

And it takes up two and a half lanes...

Its no bigger than a full-sized passenger van. I saw one in person today and I have to say it made a much better impression on me than it did just seeing photos. I'm not saying that I've become an H2 convert but it wasn't nearly as ugly as I previously thought it was. But the 10MPG, yeah, we can do better than that for crying out loud.

As for the topical nature of the tax deduction, I think it is a "loophole" in every sense of the world and it should be closed. As the article points out, the intent of the exclusion was so that business owners who needed large heavy-duty vehicles like Crew Cab dually pickups or large delivery vans would not be penalized for buying them. If you're just driving yourself around town, as 98% of those buying luxury SUV's for "business purposes" are doing, then a Chevy Cavalier will serve that purpose just as well as a Cadillac Escalade or Hummer H2.

But if you need to haul five men, several hundred pounds of tools or supplies in the bed, and tow a trailer carrying equipment for your business, then you need something more than a Chevy Cavalier and you're not going to use your luxury Hummer H2 or Cadillac Escalade.

 

[Zebo]

am hoping my mom won' notice if I try to get them to sign off on 24"s for the beast (28"s would be better tho)

:frown::frown:

:frown::frown:

You will "taco" the rims if you ever go off road, the vechile is waaay to heavy for 24's and off-roading plus I might shoot you as a profile violation.

 

[boyRacer]

Originally posted by: Carbonyl

the new range rover cost more than that?

?? Whats your point and yes it does plus no deduction other than 5 year maxiums in depreciation which don't even come close to purchase price. The H2 is cheaper than a loaded escalade and about the same as a loaded tahoe or yukon XL but with those you don't get the break it appears...
Plus what americans are you employing buying a RR but a couple of sales weasles.

Jesus Christ... it was just an honest question... i didn't know the H2 cost more or less $50k... i thought it cost more and i didn't know the new Range Rover cost so much. Sorry if i went off-topic...

 

[Hammer]

hmm this is worth looking into

 

[Spac3d]

Originally posted by: Carbonyl
am hoping my mom won' notice if I try to get them to sign off on 24"s for the beast (28"s would be better tho)

:frown::frown:

:frown::frown:

You will "taco" the rims if you ever go off road, the vechile is waaay to heavy for 24's and off-roading plus I might shoot you as a profile violation.

It will never ever see off roads I don't give a fvck if it goes off road or not. No one cares in my family cares about the mileage or insurance, we just want a nice big SUV.

Spac3d