what happens if you crash a leased car and get it fixed?

 

Thanks for the info! Now if you would be so kind as to share whether your monthly payment is on the low side of $3xx or on the high side of $3xx?

 

kevin,

congrads on your evo X, i have been thinking about the same with my 9. Please let me know if it is faster on the track than your 9. FYI for those who can use a tax deduction for 2008. For those who can use an Evo X for a delivery car.

New guidance on Stimulus's Act increased expensing and bonus deprecation
Rev Proc 2008-54, 2008-38 IRB
A new revenue procedure provides guidance on the 2008 Stimulus Act's enhanced expensing under Code Sec. 179, and 50% bonus first year depreciation for most types of depreciable personal property as well as qualifying software. The guidance explains how the new rules interact with GO Zone and Kansas disaster area incentives. It also provides rules for making expensing elections on amended returns.
Enhanced expensing. Under the Stimulus Act, a qualifying business can expense up to $250,000 of Code Sec. 179 property purchased by the taxpayer in a tax year beginning in 2008. That's a significant boost from the $128,000 expensing limit that otherwise would have applied. The $250,000 amount is reduced if the cost of all Code Sec. 179 property placed in service by the taxpayer during the tax year exceeds $800,000 (a big jump from the $510,000 ceiling that otherwise would have applied). The Stimulus Act does not alter the $25,000 expensing limit on heavy sport utility vehicles used for business.
For details on enhanced expensing under the Stimulus Act, see article in Federal Taxes Weekly Alert Newsletter 02/14/2008.
50% bonus depreciation. Under the Stimulus Act, businesses may claim a bonus depreciation allowance equal to 50% of the adjusted basis of qualifying property during the year the property is placed in service. In general, the property must be new, bought after Dec. 31, 2007 and before Jan. 1, 2009, and must be placed in service after Dec. 31, 2007, but generally before Jan. 1, 2009.

 

..as opposed to not getting it fixed?

 

Get the alignment checked ASAP. Mine had toe out from the factory on the pass front tire, caused severe tire damage.

 

I recently had an opportunity to drive someone else's 10 from NJ to Connecticut. It was equipped with intake, exhaust, and a tune I think. I gotta say 10 definitely impressed me with its handling. As others mentioned, it definitely understeered less than the 9. I was quite surprised about its acceleration however. I knew going in 10 was going to be slightly slower than the 9 but I was quite dissappointed to say the least. I'm assuming I got used to my modded 9. I guess nothing a few more mods can't take care of.

As an extremely happy IX owner, I would not trade my car for X any time soon. But I would say I was pleasantly surprised.

 

Now why would I go get the alignement checked on a car that steers and handles perfectly?