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HOME EQUIRY AUTO LEASE PROGRAM (archive)
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Posted by John on April 29, 2001 at 23:37:26:

In Reply to: Please help on lease and price here.... posted by JRB on April 29, 2001 at 23:30:06:

MY bank just began offering this program.

Car is titled in YOUR name.

The interest is Tax deductible, within IRS guidelines, VERY nice program if you can lease.

I still went with a home equity loan, higher $300 more per month for 48 months, but at the end I own the car. Residual was $25,000 at 4 years. Still tax deductible

NOTE: since the car is titled in your name, if you buy hte vehicle at the end of the lease, there is no "re-sales" tax.


I have the numbers if interested

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