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Lease or Loan FAQ :: Amorization New Car Loans


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Under the Jobs and Growth Tax Relief Recon Act of 2003, with changes effective May 6 this year, the maximum long-term capital gain tax rate is 15 percent for sales occuring after May 6 but remains at 20% for sales prior to May 6, 2003. We will tell a customer truthfully if a loan is not good for a customer. For the purposes of subsection 2 it does not matter whether the person on whom the requirement is imposed is the borrower or any other person. Under the mortgage instrument, the borrower delivers to the mortgagee a note or bond evidencing the loan and the mortgage.

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