Re: What is Taxable (long) - Saab 9-5 Bulletin Board - Saabnet.com
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Re: What is Taxable (long)
Posted by Purple (more from Purple) on Thu, 23 Aug 2001 10:59:34
In Reply to: Re: What is Taxable (long), KP, Thu, 23 Aug 2001 10:20:40
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Thanks KP! You're right about a down payment being taxed--since my lease was $0 down, I didn't have to deal with this...
To clarify my reasoning on putting little or nothing down: The lease is charging you 1-2% on any money financed--if you put any down payment in a money market account instead of upfront you will come out ahead. By rolling your $2500 into the lease, you will have the opportunity to earn higher interest than you are being charged...
posted by 209.178.1...
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