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 new automobile thread in Modul 4 Digest

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Date: March 29, 2007, Number of Replies: 26


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I'm in the market for a new car to get for real estate. Any suggestions
about SUV's or cars that you think are great for clients as well as gas
concerns?

The Acura MDX is an excellent car for real estate.
I have owned Acura sedans which are great cars but
the HUV is roomy and my clients love it. There is
a third bench seat so it comfortably holds 6 people.
The intown miles per gallon is 18 and the Blue Book
holds its value at approximately $22,000 after 3.5 years.

Bonnie Slothower,Slothower & Co
Metro Brokers Marina Square
8101 E. Belleview Ave., #F
Denver, CO 80237,303-796-7000(O)
303-888-0918(C) bonslothower1@msn.com
http://www.sunsetterrace.com

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Catherine Myers Licensed Real Estate Agent,  Walnut Creek,  CA

Date: March 30, 2007

I have an Acura MDX and have never gotten better than 14-15 mpg in town. I do a lot of in town driving, in fact, it shows my trip information and my average speed is typically around 22 mpg. I'm actually thinking of trading it in for a Lexus RX hybrid.  It shows to get closer to 30mpg in the city.  I need an SUV for my clients and for my kids, dog, etc. etc. I just need to know how the Lexus SUV compares to the MDX in the snow because the MDX has done quite well in the snow and we have a house in a snowy place so that is a must for me.  So I'd say check into the Lexus RXHybrid.

Catherine Myers, REALTOR
GRI, CRS, e-PRO, ABR, SRES, QSC
Alain Pinel Realtors
Walnut Creek, California 94596
Website: http://www.DiabloValley.net
Direct: 925-627-3027

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Betsy Tyler Licensed Real Estate Broker,  Lake City,,  FL

Date: March 31, 2007



Bonita Slothower said:

I'm in the market for a new car to get for real estate.  Any suggestions
about SUV's or cars that you think are great for clients as well as gas
concerns?

The Acura MDX is an excellent car for real estate.
I have owned Acura sedans which are great cars but
the HUV is roomy and my clients love it.  There is
a third bench seat so it comfortably holds 6 people.
The intown miles per gallon is 18 and the Blue Book
holds its value at approximately $22,000 after 3.5 years.

Bonnie Slothower,Slothower & Co
Metro Brokers Marina Square
8101 E. Belleview Ave., #F
Denver, CO 80237,3 03-796-000(O)
303-888-0918(C) bonslothower1@msn.com
http://www.sunsetterrace.com
I love my Honda Pilot......seats 8 comfortably. 18.5 miles per gallon....no service problems.  Our Honda Dealership Mechanics are like the Maytag repairmen......kind of loafing around because there are no cars that NEED repair.  Holds the road well, good handling.  Suggest you give one a test drive.
Betsy Tyler  Broker  e-Pro
Hallmark Real Estate of Lake City, Inc.
Serving the Suwannee River Valley
386-755-6600  386-365-4434
btyler@atlantic.net  hallmark@bizsea.rr.com
www.hallmark-realestate.com

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Christopher Cassidy Licensed Real Estate Agent,  Medford,  MA

Date: April 1, 2007

We're expecting our fist baby, so my wife had to trade in her Accord coupe (I drive a mint-condition 2001 Chrysler LHS, and planning to replace it with a Chrysler 300C SRT-8 later this year). My wife really wanted an MDX, but when we test-drove one, both of us were really unimpressed by just about everything about it. She ended up buying a Chrysler Pacifica crossover, and believe it or not, it's a seriously impressive vehicle. VERY well-appointed, VERY luxurious, rides great, nav, AWD, and gets 23 mpg highway. Seriously, it's much nicer than the MDX or the Lexus RX. I'm a long-time gearhead, I love cars, and I'm really impressed with it so far. Someone else mentioned the Honda Pilot - her sister has one, it's nice too (seats 8 while the Pacifica seats 6), but I think the Pacifica is much more luxury-oriented, which I know I appreciate.
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Don Fabrizio-Garcia Licensed Real Estate Agent,  New Fairfield,  CT

Date: April 1, 2007

I have a Honda Pilot.  It wasn't what I wanted to buy, but for the money it was worth it. Rides well, is great in the snow, and the third row is great for kids.

My only complaint is that it's not as comfortable as I would like on long drives.  After about an hour, I find myself wishing it had better seats.  With a mix of highway and local driving, I average only 15 MPG.

Don Fabrizio-Garcia
Prudential Connecticut Realty
Danbury, Connecticut
203.746.1199
don@FabRealEstate.com
www.FabRealEstate.com

 

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Al Napier Licensed Real Estate Broker,  CT

Date: April 4, 2007

>>>She ended up buying a Chrysler Pacifica crossover, and believe it or not, it's a seriously impressive vehicle. VERY well-appointed, VERY luxurious, rides great, nav, AWD, and gets 23 mpg highway. Seriously, it's much nicer than the MDX or the Lexus RX.>>>
 
I am not surprised in the least, American name badge companies have many nice offerings and have had for some time.
 
Plus they get as good as or better mileage that many offshore name brands.  For instance GM has 23 different car models that get 30 MPG or more and their full size luxury models such as Cadillac is rated at something like 27 MPG itself with the V-6 engine. 
 
Ford and Chrysler have similar offerings, in fact about 5 weeks ago I bought a new 2008 Dodge Avenger for wifeypoo and not only is it quite peppy, it is also comfortable and gets great mileage too.
 
My 2003 Dodge 2500 tax deduction...errr I mean pick up truck (already) has 75,000 miles on it and other than front brake pads at 54,000 miles and a set of tires it hasn't cost me anything other than Oil & Filter changes.  Same deal with the past 8 (American) cars I've owned.
 
For disclosure purposes, I was an auto mechanic for 16 years before going into real estate full time in 1993 and my father still is one.  I have even bought a foreign car or two so this isn't strictly a flag waving Buy American deal for me, I have some experience with this stuff.
 
BUT - Buy American, there's no good reason not to.  The job you save might be your own as unemployed auto industry people can't buy houses...........
 
Al in CT, JIM
 
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Date: April 4, 2007

My 2003 Chevy TrailBlazer (Extended) just went over 100,000 miles and I just had to replace the rear brake pads. Normal maintenance and a battery at about 70,000 miles. Really great vehicle and I have used it for three hunting seasons, towing and real estate. Still looks new. I wanted to buy another one but they dropped the extended version for 2007. The longer wheel base gives it a great ride and a nice third row seating. My oldest daughter was with child and had a 2003 Lincoln Navigator loaded 4x4 that she swapped with my wife for her nice low entry Dodge Van. My wife drove the Lincoln for months and did not like it for its size, gas milage and height. She suddenly decided she liked my old Trailblazer so I relented to letting her drive it for awhile. The Lincoln Nav. rides good but I miss my old Chevy.

--
Ron Henderson
Century 21 Properties Plus
843-553-0908
www.CharlestonExpert.com
Ron@CharlestonExpert.com

-------------- Original message ----------------------
From: Al Napier <al@NapierRealty.com>
> >>>She ended up buying a Chrysler Pacifica crossover, and believe it or not,
> it's a seriously impressive vehicle. VERY well-appointed, VERY luxurious,
> rides great, nav, AWD, and gets 23 mpg highway. Seriously, it's much nicer
> than the MDX or the Lexus RX.>>> I am not surprised in the least, American name
> badge companies have many nice offerings and have had for some time. Plus they
> get as good as or better mileage that many offshore name brands.  For instance
> GM has 23 different car models that get 30 MPG or more and their full size
> luxury models such as Cadillac is rated at something like 27 MPG itself with the
> V-6 engine.  Ford and Chrysler have similar offerings, in fact about 5 weeks ago
> I bought a new 2008 Dodge Avenger for wifeypoo and not only is it quite peppy,
> it is also comfortable and gets great mileage too. My 2003 Dodge 2500 tax
> deduction...errr I mean pick up truck (already) has 75,000 miles on it and other
> than front brake pads at 54,000 miles and a set
> of
> tires it hasn't cost me anything other than Oil & Filter changes.  Same deal
> with the past 8 (American) cars I've owned. For disclosure purposes, I was
> an auto mechanic for 16 years before going into real estate full time in 1993
> and my father still is one.  I have even bought a foreign car or two so this
> isn't strictly a flag waving Buy American deal for me, I have some
> experience with this stuff. BUT - Buy American, there's no good reason not
> to.  The job you save might be your own as unemployed auto industry people
> can't buy houses........... Al in CT, JIM 
>

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Lindy Hall Licensed Real Estate Agent,  Houston,  TX

Date: April 5, 2007

Yeah Al, Halle-blankin-lullyah, I totally agree! If it's even close to a toss-up, buy American.

I also have had a few non-American cars, before I knew any better..... but ever since becoming aware of the lay-offs in Michigan many years ago, which filled me with sadness and sympathy, I would never consider buying a car not made in America and with an America company name on it..... (IOW, I don't care that they build foreign cars here, I wouldn't buy them..... and I wasn't real happy about some of our American companies putting foreign motors in their cars either, so those are "out" too....).

Sure, buy a Toyota or a Honda or Benz, but only as a 2nd or 3rd car.... Main car should be American.

And many customers DO notice stuff like that..... I only ever had two clients actually make comments, and one was quite reprimanding....  and that was my LAST non-American car.

Lindy in Houston

 

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Lindy Hall Licensed Real Estate Agent,  Houston,  TX

Date: April 5, 2007

Bonita, I'm not sure where I got this article, probably here on RT, but maybe elsewhere.... it is a GREAT article about cars and IRS deductions.... I am including the main exerpt, and also including the link, so you can check it out..... actually this IRS deduction makes me insanely angry, but since it exists, you may as well utilize it.....

Jan 07...from SmartMoney website (which has lots of great ideas)...
http://www.smartmoney.com/tax/workbusiness/index.cfm?story=taxideas
click on the link later, the main thing (about cars) is copied for you below......

Congress & IRS certainly are looking out for us (!!!).....
This has been the butt of many
comedian jokes, and commentary on many shows.... and if you
didn't know what they were talking about, now you do....  I had already heard about this in a
real estate class.... IRS gives great deductions to people that can afford a $60K car, and yet
gives people grief when they don't even make $30K a year.... and the $60K car needs to be a
gas-guzzler, so it shows a direct connection to the politicians with oil company connections.....
I try so hard to believe that our gov't is "good" & honest & fair & ethical, and that any corruption
is minimal, but every day I have to question that.... thanks to deductions like this!

This is an INCREDIBLE $32K deduction....

 

Buy a Heavy SUV and Save Taxes
Congress imposed a reduced $25,000 limit on Section 179 deductions for heavy SUVs. This restriction applies only to SUVs. Not to worry! The idea of buying a heavy SUV still works quite well. Why? Because the tax law allows you to claim the $25,000 Section 179 writeoff plus the "regular" first-year depreciation writeoff. For example, say you spend $60,000 in 2007 to buy a new Cadillac Escalade that is used 100% in your business. You can generally claim the following first-year deductions on your business's 2007 federal return: the $25,000 Section 179 writeoff plus $7,000 worth of regular depreciation [20% x ($60,000 - $25,000)]. So your first-year depreciation deductions add up to $32,000, or about 53% of the new Escalade's cost. This is a far better deal than if you spent the same $60,000 on a new BMW used 100% for business (in that case, your first-year depreciation writeoff would be limited to about $3,000 under the so-called luxury auto depreciation limitations).

Okay, that's the end of the excerpt....
The $32K deduction blows my mind..... it's like giving people a $60K car for $28K.... nice. Some people only make $30K a year, but IRS just gives that away like it's nothing.

My opinions aside, I hope this article helps you..... looks like could be a big SUV in your future!
Lindy in Houston

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Steven Hong Licensed Real Estate Agent,  minneapolis,  MN

Date: April 5, 2007

Does my Chevrolet Silverado pick up truck count? I generally think Chevrolet as as American as apple pie. But my truck is made in Canada, not America. While my Honda is made in America.

 

So is my American pick-up truck less American than my Honda car? I don’t know… Food for thought.

 

Steven Hong, e-PRO Realtor

RE/MAX Associates Plus

Minneapolis, MN

612-990-9009 cell

952-915-2252 direct

952-884-3021 fax

http://www.SearchingMinneapolis.com

 

From: RealTalk [mailto:tx-lindy@houston.rr.com]

I also have had a few non-American cars, before I knew any better..... but ever since becoming aware of the lay-offs in Michigan many years ago, which filled me with sadness and sympathy, I would never consider buying a car not made in America and with an America company name on it..... (IOW, I don't care that they build foreign cars here, I wouldn't buy them..... and I wasn't real happy about some of our American companies putting foreign motors in their cars either, so those are "out" too....).

Sure, buy a Toyota or a Honda or Benz, but only as a 2nd or 3rd car.... Main car should be American.

And many customers DO notice stuff like that..... I only ever had two clients actually make comments, and one was quite reprimanding....  and that was my LAST non-American car.

Lindy in Houston

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