FYI....the Section 179 deduction of up to $100k only applies to vehicles 6,000 - 14,000 GVW purchased prior to October 22, 2004. If you purchased one October 23 or later, you can only write off up to $25K this year. If you want the $100k deduction you'll need an SUV with a GVW of 14,000 LB's ++

Glad I didn't buy that Range Rover I had my eye on last week, now now rush and may as well wait for the 2006 with the supercharged engine....

 

seriously?

when did that happen? do you have a link for that info?

i test drove the cayenne turbo this weekend, the weight was 6700lbs!

bummer....

 

OOPS! f**k it, still want it!

 

You forgot the 50%bonus depreciation is still available through Dec 31, so you can deduct more than $25K when used in business.

See your tax accountant for details.

 

Ha Ha Arling. CT...there is no SUV substitute...

 

Oops guess this should've been in "off topic"

I read it on MSN, but can't find the article. Here it is again

http://taxguru.org/incometax/Rates/Sec179.htm

 

IMO the BMW 4.4 is a better engine than the Ford/Jag 4.2 s/c. JMO

 

Ahh, that's true, so for a new $85k (total) Range Rover used 100% for business, you could still write off $25k + $42.5K = $67.5k. Still not bad! This (currently) is supposed to go through the end of 2005 at least, so will probably still wait for the '06 Rover.

 

Is this engine currently used in any other cars? you may be right, I may prefer the beemer engine also.

 

yes. E39 540 & E53 X5 4.4. better yet the E52 Z8 ALPINA is using the modified version of this engine as well.

 

Thank god they got rid of this tax loop hole...

 

Hummer H1.

Enough said.

 

Its still in effect for trucks over 6000lbs and SUV's $25,000 + the bonus depreciation...Just bought myself a new "Work truck" (Chevy Silverado SS) that I modded the **** out of and just last week got my wife (of her choosing) A new Denali XL...And yes we own our own company. Hey, we're stimulating the economy...whats wrong with that???? You have to have some breaks in place to get things back on track and this was just one of many that in my mind was helping.....

 

Actually I meant is the Jag engine in any current cars, would like to check it out

 

it's in the "R" series jag cars.