I am not sure how the AMT comes into play here. I use the vehicle as a business deduction, always have and always will. AMT should not play into this scenario if you have the income to handle the deductions.
Hans, if you do it right and know what you are doing, you are not taking a risk. The HELOC rates are far superior to BMWFS. Why get roped into a 7.9% rate over 3 years when I can better that by 3 points and use the cars equity to settle the loan in 3 years. I'm not moving or selling my home any time soon. As the fed lowers the rate to spark the economy, I will enjoy the low rate and my M3 a little bit more
2008 E60 M5 ||| 2011 X5 50i, Carbon Black/pearl oyster, Style 215 wheels gloss black, blacked out, ECU upgrade to 485hp, LOADED ||| 2009 BMW 335xi, jb4 map5, dual cone intake, UUC Evo3 shifter, 6m, CDV, H&R 15mm spcrs, H&R race springs, NST Pulley, ACT hp Clutch, AFE SS catback exhaust, jet black, LOADED ||| Planned: Nissan GT-R Switzer P800