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Allowing car loan interest to be tax deductible “will encourage people to take out more debt on an expensive depreciating asset by stimulating demand for cars,” Lincicome explained, adding ...
Former President Donald Trump shows off a story in the Oakland Press talking about how the Oakland County GOP named him Man of the Year in 2023 to the Detroit Economic Club crowd at MotorCity ...
Student loan calculator. If you’re considering a student loan to pay for college or trade school, you can use a student loan calculator to estimate how much you’ll pay when you graduate. The ...
It was based in Farmington Hills, Michigan, with a final total of 3,600 employees, and a global contract of $75 billion as of 2007. In January 2009, Chrysler Financial was the recipient of $1.5 billion from the Troubled Asset Relief Program (TARP). The company said that it used the money to fund 85,000 loans to purchase Chrysler automobiles
Usually, car leases allow the lessee to drive the car for a certain number of miles for a certain number of years. The lessee pays a fixed monthly payment for the privilege of driving the vehicle, and when the lease ends, the lessee returns the vehicle to the lessor. The lessee pays only for the value of the vehicle for the term of the lease.
The tax credit will only be given to the original purchaser of the vehicle, and not to a secondhand owner. If the vehicle is being lease, the tax credit can be claimed by the leasing company alone. The vehicle must be used mostly in the United States. The vehicle must be placed in service by the taxpayer by 2010 or later.
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