News & Events
Newbold BMW Proudly Supports the Loyola Academy of St. Louis
Newbold BMW was a proud sponsor of the Million Dollar Luxury Car Shoot Out held on Monday, September 26, 2011 at the Log Cabin Club. One lucky golfer, shown below inside the vehicle, was the winner of the Newbold BMW Shootout. The prize - a new 2011 3 Series Convertible. Below are the photos of the event. Proceeds benefited Loyola Academy of St. Louis, Mo. which is a Jersuit middle school for boys who have the potential for college preparatory work, but who are in danger of failing to achieve that potential because of economic or environmental factors. To learn more, visit www.LoyolaAcademy.org.
A Class "Act" for 2011
Congress has given businesses one more reason to purchase a new 2011 BMW X5 or X6. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (The Act) allows business owners to deduct up to 100% of a qualifying vehicle's purchase price when the vehicle is purchased for business use. Since the IRS categorizes vehicles with a gross vehicle weight in excess of 6,000 lbs** differently than luxury vehicles, business owners that purchase an X5 or X6 may be eligible for the accelerated tax depreciation schedule.* Call today to schedule your test drive.
*Individual tax situations may vary. The above is for informational purposes only. Federal rules and tax guidelines are subject to change. Consult your tax advisor for complete details on rules applicable to your transaction.
**Gross Vehicle Weight Rating (GVWR) is the manufacturer's rating of the vehicle's maximum weight when fully loaded with people and cargo.
