Tax Credit Available for Purchase of New Chevy Truck
Here is the skinny on the earlier email I sent on the Tax savings for our customers due to the 2009 American Recovery and Reinvestment Act (ARRA):
If a small company/business purchases one truck for $40,000, they can fully depreciate that truck in 2009 for a tax benefit of $16,000 (assuming a 40% tax bracket and [...]
Trading Your Vehicle With Negative Equity
Negative equity or being “upside-down” can be common in the early stages of vehicle ownership. This just means the payoff on yur vehicle is higher than the current market value. For instance, you buy a new Chevy Tahoe and owe $35,000, then 1 year later the market value on your Tahoe is [...]