Quote from BucsJags on 08/03/07 at 11:09am:If I owned a dealership that sold expensive import or domestic automobiles, I would allow them to be taken out on a Demo basis by Rush Propst, John Grass, or anyone that I knew would get my dealership additional exposure. This is extremely cost effective advertising dollars at work. My dealership would not have to report it to the IRS on behalf of any individual driving the automobile, and the other party would not have to list the automobile as any type of income or gift line item on their tax return. Test Drives (even overnight) and Loaners (for days, weeks, or months) are legal, of no issue with the IRS, and are ethical. They would be doing me a favor if one of my cars were parked at a Hoover or Spain Park High School football game.
Come to think about it, maybe I own a dealership. Or two or three.
Mr. Broadway told his coaches he better not EVER see them driving a dealership car. Wonder why he said that?