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Originally Posted by cawimmer430  Heloc? |
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Credit - Similar to what is more commonly known as a "2nd Mortgage", but in many cases, the primary mortgage debt, collateralized by real estate value, usually tax deductible.
Joe -
The answer to your lease question can only be correctly addressed by your CPA who knows your specific tax situation. Typically, the larger lease payment is more advantageous, assuming a qualifying business usage. The problem for you now, would be leasing the CL and not being able to utilize the HELOC on the GL which I would guess is "obligated" under the exisitng lease.
More importantly, let me tell you that after 3 weeks of driving the new CL63, I can assure you that the car is utterly fantastic. You have made the right decision and you will not be disappointed. It is an incredible driving experience, unlike anything I have ever driven from Mercedes. Your biggest problem will be the wait until your September/October delivery !