Home Forums Articles How To's FAQ Register
Go Back   Xoutpost.com > BMW SAV Forums > X5 (E70) Forum
Arnott
User Name
Password
Member List Premier Membership Today's Posts New Posts

Xoutpost server transfer and maintenance is occurring....
Xoutpost is currently undergoing a planned server migration.... stay tuned for new developments.... sincerely, the management


Reply
 
LinkBack Thread Tools Display Modes
  #1  
Old 11-27-2009, 06:21 PM
Member
 
Join Date: Dec 2007
Location: Dallas, TX, USA
Posts: 91
Texas5 is on a distinguished road
From the IRS website:

************
The American Recovery and Reinvestment Act permits taxpayers to take a deduction for state and local sales and excise taxes paid on the purchase of new cars, light trucks, motor homes and motorcycles. The deduction is available on new vehicles purchased from Feb. 17, 2009, through Dec. 31, 2009. In states that don't have a sales tax, the law provides a deduction for other taxes or fees paid. This deduction is available whether or not a taxpayer itemizes deductions on Schedule A.
The deduction is limited to the taxes and fees paid on up to $49,500 of the purchase price of an eligible vehicle. The deduction is reduced for joint filers with modified adjusted gross incomes (MAGI) between $250,000 and $260,000 and other taxpayers with MAGI between $125,000 and $135,000. Taxpayers with higher incomes do not qualify.
***********

Plus it doesn't matter if you pay it upfront or include the tax in your financing (but not lease, apparently).

Back to the PGAX5's original question.... I get the same crap from dealers in the Dallas area. For some reason, they don't want to mess with MSDs, and they are very reluctant to come off the max money factor mark up of 0.0004. It's a fight for everything. I had to go to a dealer almost 200 miles away (Garlyn Shelton in Bryan) to get a decent lease deal on my current vehicle. Don't be afraid to look outside of your area. Houston has a bunch of BMW dealers.
__________________
2008 X5 4.8i, Jet Black, Tobacco Nevada leather & just about everything else (no vent. seats, no 3rd row)
Reply With Quote
Reply

Bookmarks


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On





All times are GMT -4. The time now is 03:51 PM.
vBulletin, Copyright 2026, Jelsoft Enterprises Ltd. SEO by vBSEO 3.6.0
© 2017 Xoutpost.com. All rights reserved. Xoutpost.com is a private enthusiast site not associated with BMW AG.
The BMW name, marks, M stripe logo, and Roundel logo as well as X3, X5 and X6 designations used in the pages of this Web Site are the property of BMW AG.
This web site is not sponsored or affiliated in any way with BMW AG or any of its subsidiaries.