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BV · 01-07-2006, 04:08 PM

for business you can deduct your whole lease payment
if you buy you have to depreciate a percentage each year

for a personal vehicle the only advantage to leasing is if you know you are going to get a new one in 2 or 3 years, so then you lease for 2 or 3 years, this way you only commit to pay for the depreciation.

So on a new $30K car after 2 years is worth $20K (residual) your committing and paying for 10K over 2 years.

so in short it's usually always better to lease if it's for a business or you get a new ride frequently

01-07-2006, 04:08 PM
BV wtf Industry Role: Join Date: Sep 2001 Location: Bikini State, FL USA Posts: 10,914	for business you can deduct your whole lease payment if you buy you have to depreciate a percentage each year for a personal vehicle the only advantage to leasing is if you know you are going to get a new one in 2 or 3 years, so then you lease for 2 or 3 years, this way you only commit to pay for the depreciation. So on a new $30K car after 2 years is worth $20K (residual) your committing and paying for 10K over 2 years. so in short it's usually always better to lease if it's for a business or you get a new ride frequently