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I'm in the same boat..... I bought my truck in 2004 for cash and took my depreciation already. I have owed around $10,000 the last few years but this year is going to be BAD. I cleared $255k already this year. I'm seriously thinking about getting a brand new truck just so i don't have to spend $20k for nothing, I can put it as the down-payment :)
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also Tracer..... is this guy willing to take over your payments from the finance company, freeing you from it or is he wanting to lease it from YOU????
I personally would sell it to him or let him take over the burden, but no way in hell would I lease it to him. And get rid of that damn car!!! I sold my 2005 Ram 2500 and saved me $650 a month. I got a 1990 Olds Delta 88 that I bought back in 2000 for $800 and it's still running strong. Too bad they don't make cars like that anymore :( |
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That can be a possibility. Here in Canada I can write off 30% of the cost of the trailer every year. I could get one of those ultra-light Fontaine Revolution steps with the wicked floor :)
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That's my delima..... 20k as a downpayment or give it to Uncle Sam in April. Then again, I'm sure Uncle Jagerbomber3.0 would take it too |
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