<VV> Trade in time

[J R Read]

There was a period in the 70's - maybe the 60's as well - where a car used 
in business got a better tax break during the first 3 years than it did in 
later years.  It became pretty normal to trade at the 3 year mark and keep 
the better tax break.  As I recall, that went away somewhere in the 90's - 
maybe even the late 80's.

Any tax accountants on VV?

Later, JR


----- Original Message ----- 
From: "Ron" <ronh at owt.com>
To: "Harry Yarnell" <hyarnell1 at earthlink.net>
Cc: <virtualvairs at corvair.org>
Sent: Saturday, December 25, 2010 12:21 PM
Subject: Re: <VV> Spyder/Corsa turbo -- fast & furious


> Every four years is the number I have in mind from over sixty years ago.
> You must've from a more affluent area.
> RonH
>
> ----- Original Message ----- 
> From: "Harry Yarnell" <hyarnell1 at earthlink.net>
> To: <jvhroberts at aol.com>; <tony.underwood at cox.net>
> Cc: <virtualvairs at corvair.org>
> Sent: Saturday, December 25, 2010 10:07 AM
> Subject: Re: <VV> Spyder/Corsa turbo -- fast & furious
>
>
>> One rough rule of thumb 'back then', was you bought a new car every three
>> years. I think the idea was, most car loans were 36 months (3 years), and
>> most cars were getting long in the tooth by then.
>> This way, since you were used to making monthly car payments, you never
>> stopped; but got a new car.
>>