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In Reply to: HOME EQUIRY AUTO LEASE PROGRAM posted by John on April 29, 2001 at 23:37:26:
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
jrb222@pacbell.net