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**Halon** · 01-13-2009

Usually for me (since I've only owned for 3 years), about 2 months worth of my payments actually go towards the principle, and the other 10 months are all interest. I'm sure it's different for everyone, but maybe gives you an idea. All that interest is a huge write off!!!

I also write off my property taxes which is another perk of owning also. Another couple grand usually.

01-13-2009	#18
Halon Pewp Champion Join Date: Nov 2003 Location: Blaine Drives: Teh Bean Posts: 12,309	Re: This years taxes! Usually for me (since I've only owned for 3 years), about 2 months worth of my payments actually go towards the principle, and the other 10 months are all interest. I'm sure it's different for everyone, but maybe gives you an idea. All that interest is a huge write off!!! I also write off my property taxes which is another perk of owning also. Another couple grand usually. __________________ B-Man - FlexFuel Mafia 1991 TSi AWD E85 - BEP S362, DSMLink V2, Built 2.0L Idle Vid 628hp Graph 541hp Vid 10.93@137 Vid 1992 SC300 E85 - BW 84-75, Vlad Infinity, NA-T, 6spd Idle Vid 709hp Graph 709hp Vid 11.1@131 Vid 2006 Bayliner 195 - Carbed 5.0 Top Speed Test