Re: Agreed - Saab 9-5 Bulletin Board - Saabnet.com
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Re: Agreed
Posted by KP [Email] (more from KP) on Thu, 23 Aug 2001 12:52:08
In Reply to: Re: What is Taxable (long), Purple, Thu, 23 Aug 2001 10:59:34
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My tax comments should apply in most states but I remember reading that VA and/or MD may tax the whole Capital Cost even for a lease .... bummer! Agree with you, Purple, that one should minimize any up-front money and finance at these heaven-sent rates. Another reason is that in the event of a total loss, the Saab lease provides Gap Insurance which will cover any deficiency should your collision coverage fail to cover what you owe on the lease. If you put $0 down, you're home free. If you paid $??? up front to reduce Capital Cost, you will stand in line behind Saab until it is fully reimbursed and does not have to call on the Gap Insurance. In my opinion, that is not going to happen and you will be out of luck!
posted by 146.222.1...
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