Quote:
|
Originally Posted by BV
for business you can deduct your whole lease payment
if you buy you have to depreciate a percentage each year
|
I believe you can also deduct some maintenance, gas, and insurance. It would depend how you have your corporation setup and how good your accountant is.
What's a lease on a $30k vehicle? Like $300-400 monthly? Ok, that's roughly $10k after 2 years. You buy the $30k vehicle and after 2 years its probably worth anywhere between $18-22k, right? So by both buying and leasing you're paying $5k a year just for "control" of the car.
If you're going to want a new car in 2 years anyway, why not lease? Who cares if you actually "own" the car? Will it make you sound cooler to your buddies?
__________________
Vacares - Web Hosting, Domains, O365, Security & More -
Paxum and BTC Accepted
Windows VPS now available
Great for TSS, Nifty Stats, remote work, virtual assistants, etc.
Click here for more details.