Somebody stop me!

[Mr. I-MAN]

Im seriously considering buying a H2 SUT. Am I losing it.

However it is one helluva Tax Write OFF!

any reasons why I shouldn't?

Please help I think Im losing my VX Religion

[Dallas4u]

I guess it would help to know why you ARE considering it... you know, to help with your insanity!

[Mr. I-MAN]

I can fit more sh*t into it ie. 160lbs dog, camping gear,and wife maybe. My tax guy said I can write 80-100% off and since I am an independent small owner and pay quarterly taxes, that really sparked my interest.

[Joe_Black]

Ummmm, maybe because it's just a gussied-up Silverado? If you want a complimentary set of knee-pads that bad from the oil company, at least get a real Hummer and snag an H1.

[Mr. I-MAN]

Actually it has the same kind all wheel drive tranfer case and transmission set up we have. Except one extra thing 4 lo w/locking diff. I dont see to many Silverados with that.

[autox-racer]

11 mpg

[Dallas4u]

It's up to you... I'm assuming you're considering it mostly because you like its looks. I say this because I'm sure you'd be able to find something else with better gas mileage, not as heavy, and with similar storage capabilities, but you may not think it looks as cool.

[Mr. I-MAN]

To Qualify for the tax break a.k.a loophole the vehicle has to have a GVRW of 6000 or more lbs

[VXMAN]

What about the H3?

[Mr. I-MAN]

I dont think its heavy enough plus I run into the same prob no room for clients!

[Green Dragon]

According to IRS regulations, a truck, van, or SUV is not a passenger auto when it has a Gross Vehicle Weight Rating (GVWR) (the manufacturer's maximum weight rating when loaded) above 6,000 pounds. always verify the GVWR for yourself before making a buying decision. The GVWR can normally be found on a label attached to the inside edge of the driver's side door.

When such a vehicle is used more than 50% for business, you may be able to deduct up to $24,000 this year. The remaining cost can then be recovered over five years and may be eligible for the 30% first-year bonus depreciation.

For example, if you spend $40,000 on a new heavy SUV that has a gross vehicle weight above 6,000 pounds and is used 100% for business, the entire $40,000 cost can be depreciated over several years; however, by claiming the maximum $24,000 Section 179 deduction and the special 30% first-year bonus depreciation on the vehicle, your total deduction in the first year can be more than $31,000. The remaining $9,000 of cost is depreciated over a five-year period. That is a significant tax advantage when compared to the rules that apply to normal passenger vehicles.

Been there but have not done that.

Bob F

[Jungalbutt]

Sup ya'll yeah i'm a noobie.. just a note ..mah boy got a H2 and his gets 9 miles per gallon.. he drives it Friday night and saturdays... otherwise he drives his little honda civic. so if you drive a lot or commute and enjoy wasting money on gas (roughly $60 to fill tank) i say go for it. IT is a beautiful vehicle though..

[Mr. I-MAN]

Thanks for the info Bob, so what do ya think Yay or Nay

[Dallas4u]

If you're gonna do it, I'd say spend an extra $4k or so and buy a V10 TDI VW Touareg... 313 hp, 553 lbs torque, 0 - 60 in 7.5 sec... although it isn't quite 6k lbs (almost 5900 lbs).

But... if you're just wondering if you should get only the H2 or not... listen to your conscious!!!

[SPAZZ]

if you do...Ithink there will be about a million pics sent in to fu H2 website with your H2 and some angry middle fingers.

my VX stock got 10MPG till I changed the gears out, went with cone filter, Tornadoe, and fuel miser now it gets 13.7 MPG...so I am used to poor mileage...but that big shoe box on wheels can not go the places a VX can without breaking...

someone posted the video of one of those things trying to do an easy trail and when the wheel touched the ground the tie rod blew.

personally H2 POS's are worthless curb hoppers....but it is your choice...you should go with a real Hummer that would be an awesome tax write off!!!!