Chevrolet Corvette Stingray C7 Forum - View Single Post - Proposed Bill to give New car buyers tax break

dayvedayve · 01-20-2009, 07:00 AM

I really hope that they do pass that bill. It might just help out the Big 3 some more. The only bad thing is having to explain to customers that it isnt $7500 off the purchase.
Either way it is still a good deal. Keep them coming congress!

For me it doesn't matter. I originally planned on buying in first quarter 2010. Then I got excited because my wife approved and I could was going to but around Sept. Now thanks to Hurricane Ike it has been pushed back to 2010. The only good thing is now I will have taxable income of zero for the next 2 years since I can claim the damage as a loss and use it as a deduction. My down payment will be my refund since I have and will be using my "Camaro money" to repair my home. On the flip side, my down payment will be 1/3 of the MSRP of what I am getting. And maybe I can get some more "Stimulus" money from BHO.

01-20-2009, 07:00 AM	#50
dayvedayve Drives: 2006 Chevy Avalanche Join Date: Aug 2008 Location: Gulf Coast of Texas Posts: 386	I really hope that they do pass that bill. It might just help out the Big 3 some more. The only bad thing is having to explain to customers that it isnt $7500 off the purchase. Either way it is still a good deal. Keep them coming congress! For me it doesn't matter. I originally planned on buying in first quarter 2010. Then I got excited because my wife approved and I could was going to but around Sept. Now thanks to Hurricane Ike it has been pushed back to 2010. The only good thing is now I will have taxable income of zero for the next 2 years since I can claim the damage as a loss and use it as a deduction. My down payment will be my refund since I have and will be using my "Camaro money" to repair my home. On the flip side, my down payment will be 1/3 of the MSRP of what I am getting. And maybe I can get some more "Stimulus" money from BHO.