Quote:
Originally Posted by ZPrime
No AAA loans in Ohio either, sadly. I'd love to go through AAA instead of a giant bank or some credit union I've never heard of.
Paying off a car over 6-7 years is not my idea of fiscally prudent... Especially when a huge chunk of that value is instantly flushed down the toilet the second it drives off the lot.
How are you deducting the car? Can't imagine it's Section 179 since that loophole has been closed for a while... (Or did you just mean that the interest on the loan is deductible?)
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If I'm not mistaken, you can still deduct up to $25k as a vehicle expense. Don't take my word for it tho. Got to check with the accountant.