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  #601  
Old 07-03-2013, 11:38 AM
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Re: 2014 GC Totally $#@% dead

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Originally Posted by Bretto View Post
Do you guys get tax perks when you lease over in the states?
If you can write part of the use off for business, you can get a Section 179 write off - immediate depreciation of up to $500,000 for % Biz use - of the total purchase cost. Check it out if you haven't heard of it. Leasing you can only write off % Biz use of each lease payment.

[I am not a tax expert, your taxes may vary!]
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  #602  
Old 07-03-2013, 02:56 PM
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Originally Posted by bill_de View Post

Each state has their own tax laws, but typically you only pay sales tax on the cost of the lease, not the cost of the car.

It's really a one time savings, because if you buy a car and the trade it in, you only pay tax on the difference. My trade in was $35,000 so my sales tax on the Jeep was only based on about $12,000.

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Oh wow guys, State by state taxes must get somewhat confusing lol

A Benefit down under is the jeep would be tax deductible the entire lease. They take payments out of your gross salary and then calculate tax on the lower amount (your tax home weekly/fortnightly/monthly salary), thus lowering your tax due each pay cycle, saving many thousands each year over the life of the lease, plus you're not paying initial gst (purchase tax) which is 10%, again saving dime. Needless to say that's why leasing is pretty popular here when they work out how to make the figures work
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  #603  
Old 07-03-2013, 03:05 PM
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Re: 2014 GC Totally $#@% dead

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Originally Posted by Bretto View Post
Oh wow guys, State by state taxes must get somewhat confusing lol

A Benefit down under is the jeep would be tax deductible the entire lease. They take payments out of your gross salary and then calculate tax on the lower amount (your tax home weekly/fortnightly/monthly salary), thus lowering your tax due each pay cycle, saving many thousands each year over the life of the lease, plus you're not paying initial gst (purchase tax) which is 10%, again saving dime. Needless to say that's why leasing is pretty popular here when they work out how to make the figures work
It's not too confusing, we only have fifty states. Seriously, most people know what the tax is where they live. We don't have a national tax on purchases.

In my case, with the decent trade in, and living in a low tax state, my total tax bill for the Overland was $458.


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  #604  
Old 07-03-2013, 03:13 PM
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Well that's pretty tidy!


Assuming one bought a petrol overland here for 70k, your up for 7k in purchase tax alone .. Then luxury car tax and stamp duty and probably breathing tax too, just for breathing these days lol
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  #605  
Old 07-07-2013, 10:42 PM
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Originally Posted by marosenb View Post

No money down, lower monthly payments, and after the experience I just had, the peace of mind that I can just turn it in after 3 years. <-- that last part is the kicker.
Precisely why I leased, and glad now that I did. If you look at residuals on GC leases ending now, it looks like we might even be able to buy at lease end and just flip them and make a little cash. And the big thing is all the liability is borne by the leasing company. I like that.
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  #606  
Old 07-07-2013, 10:55 PM
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Originally Posted by acilate View Post
AMC - It's been a while since you've given us an update... hows the GC?
I hate to jinx it, so I am knocking on wood right now... But golden. We took it 400 miles today to the White Mountains, NH and it was awesome. Nice to have some extra room. Nav was loads better than my Acura was, although I don't know about the seats. Maybe I haven't found the right position yet but I started to get uncomfortable by the end of the day. My neck and shoulders are a bit sore. Probably the seating position.

I am amazed how great the 6-cyl is, even in the mountains. Eco mode is fine, we averaged 24mpg from CT to the end of the trip, but when I needed to punch it to pass, wow. Who needs the eight unless you need to tow heavier stuff?

It was HOT today and in contrast to the reports I see about the weak AC, it was fine for us in humid 90s. Maybe if it was even hotter...

Voice recognition is way cool. First time I used it was today. Worked great every time.

Mechanically, I am hoping all my issues are resolved. If the Jeep remains solid through this trip, I think I will feel satisfied that it is all behind us. A couple times the shifting seemed weird (held 3rd while going down a steep mountain pass and sometimes seemed to hit 8th way too early, and other times under similar conditions it was in 6th), bit I guess not out of ordinary.

The lawyer heard back from Chrysler and left me a message, so I have to call him tomorrow and see what's up.

Overall, if I can just find a good seating position, I'm nearly ready to call this my favorite vehicle of all the ones I have had over the years. My USAA bill says I'm up to car #20 or so.

I tend to like to sit lower, but in this vehicle that makes visibility more difficult. And sitting higher also helps with GC A-pillar blindness it seems. So I will have to experiment some more...

But over all, knock knock.
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  #607  
Old 07-08-2013, 01:10 PM
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Re: 2014 GC Totally $#@% dead

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Originally Posted by amc2002 View Post
I hate to jinx it, so I am knocking on wood right now... But golden.

So glad to hear that, amc. You've been through enough with this thing, you should be able to have some time to actually enjoy it.
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  #608  
Old 07-09-2013, 05:17 PM
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Re: 2014 GC Totally $#@% dead

Sweet... I am picking up an Overland; Cherry Red with Brown/ light frost interior on Thursday. Very pumped up to have a new, working JGC.

In the Meantime, ISG is working on paying off my bank loan and returning the money I paid out of pocket. That should happen early next week.
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  #609  
Old 07-09-2013, 05:25 PM
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That's great to hear! No one deserves a working GC more than you I think.

Interesting about the seat position. I tend to like sitting lower as well, and I remember getting comfortable on my test drive being a little difficult. The pedals were a lot closer than I expected though, which should make sitting higher easier.
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  #610  
Old 07-09-2013, 07:48 PM
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What was finally decided with regards to what your pick of vehicle could or would be once the process played out marosen???
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  #611  
Old 07-09-2013, 08:25 PM
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Re: 2014 GC Totally $#@% dead

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What was finally decided with regards to what your pick of vehicle could or would be once the process played out marosen???
Hey Challenger, I got ISG to agree to get me out of my current loan, and give me back ALL of the money I put into it. I was then free to start car shopping over from scratch. I could go to any dealer, negotiate, etc. They did ask that I stick with a Chrysler vehicle, and I agreed.

After that, I just told the my dealer what I was looking for. He found one, and we settled on a price I was ok with.

It would have been nice if Chrysler offered me a little something extra for my troubles, but that does nto seem like it is going to happen. At least I get to start over with a brand new vehicle though, so I can live with that.
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  #612  
Old 07-09-2013, 08:56 PM
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Originally Posted by marosenb View Post

Hey Challenger, I got ISG to agree to get me out of my current loan, and give me back ALL of the money I put into it. I was then free to start car shopping over from scratch. I could go to any dealer, negotiate, etc. They did ask that I stick with a Chrysler vehicle, and I agreed.

After that, I just told the my dealer what I was looking for. He found one, and we settled on a price I was ok with.

It would have been nice if Chrysler offered me a little something extra for my troubles, but that does nto seem like it is going to happen. At least I get to start over with a brand new vehicle though, so I can live with that.
Great to hear! I hope this one is stellar for you!
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