Originally posted by Mr. I-MAN
Thanks for the info Bob, so what do ya think Yay or Nay
Depends on your business income & Tax Bracket. If you earn a $100K + and are in the 33% + tax bracket. You are paying 100 %for the vehicle say $55000 + with tax deductible interest.You now owe the $55,000 + for the vehicle but can deduct say $30K ( Depreciation for 100%) business use) from your business taxable income possibly putting you in a lower tax bracket as well as reducing the amount ( 13.3 %) you have to pay for social security.

Give it a lot of thought, factor in the 5 or whatever years of payments etc

If I were to purchase a new vehicle I would look at the GMC Denali AWD Fully equipped with Navigation- Sun roof -second row buckets- rear DVD MSRP 56K + but going for about 46K.

Never a Hummer unless it was a H1.

http://www.edmunds.com/new/2004/gmc/...header..2.GMC*

Gross wt 7200 lbs & the 2004 models are going for 10K off of MSRP