that the H2 has been treated like a pariah is because it's based on the 3/4 ton Suburban chassis. Its GVWR is over 8500 lb, so the gov't doesn't even bother to test its fuel economy, and it doesn't get factored into GM's CAFE ratings.
The Landcruiser still gets tested, and it does get factored into Toyota's CAFE ratings, so if they sell too many of them, then they either have to sell enough fuel-efficient trucks to offset that, or pay a fine.
FWIW, I think the H2's economy has been estimated at 11/14. I'm ashamed to admit it, but that's about all my aging Silverado gets.
I think that is the only reason they sell as many as they do. For those that feel the need to stick out. They are not as practical as a Suburban in any type usage. Maybe they are better off road.
That is why I did not think the Land Cruiser was in that mix. I was under the impression that 6000 lbs was the cut-off for CAFE & EPA testing. That is confusing as to which vehicles are exempt and which are not.
I was wondering about that. No one ever referred to it as the Land Cruiser exemption. Only the Hummer tax break. Yet they are both in the same gas guzzling class. I think when that tax loophole came out in 2004 the Land Cruiser was rated lower in FE and worse emissions than the Hummer 2. I guess it is more politically correct to slam domestics than it is foreign auto makers.
I agree. The media and so called politically correct public would slam any domestic car...but kowtow to any Japanese car.....
maybe having a civic in their lineup makes them elegible for the camouflage exemption ?
I am a physician and am interested in purchasing an SUV that fits this tax deduction category. Is it very complicated to be able to get the deduction or straightforward? Also, could you tell me what exactly are the requirements to qualify for the deduction. Thanks.
Very interesting debate, but can someone please explain the current policy on tax deductions for business vehicles? I will be leasing or purchasing a new vehicle for business use in less than 2 months, and am having trouble finding the policy for this. Can someone point me to the right place for this info? Thank you!
Another SUV that qualifies is the Range Rover, it's over the 6000 pound requirement.....the LandRover.com site has a whole section devoted to the small business use tax break
If I had a small business, I'd love to buy a Range Rover!
Comments
Of course, it could just be a media conspiracy!
The Landcruiser still gets tested, and it does get factored into Toyota's CAFE ratings, so if they sell too many of them, then they either have to sell enough fuel-efficient trucks to offset that, or pay a fine.
FWIW, I think the H2's economy has been estimated at 11/14. I'm ashamed to admit it, but that's about all my aging Silverado gets.
I think that is the only reason they sell as many as they do. For those that feel the need to stick out. They are not as practical as a Suburban in any type usage. Maybe they are better off road.
I agree. The media and so called politically correct public would slam any domestic car...but kowtow to any Japanese car.....
maybe having a civic in their lineup makes them elegible for the camouflage exemption ?
Is it very complicated to be able to get the deduction or straightforward? Also, could you tell me what exactly are the requirements to qualify for the deduction.
Thanks.
If it is used for business, section 179 may still apply....
But your accountant may elect to do standard business deductions and then depreciate it in 5 years....
depends on how you do it.
Or you can lease it, and writeoff the lease payments.
don't forget to keep a detailed notebook of all the mileage and work events that you go to...
If I had a small business, I'd love to buy a Range Rover!