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Better to Buy or Lease a car?
Whats the GFY consensus...
im thinking lease because i like fast, luxurious and no long term commitment, just like my women discuss |
Completely based on what your accountant can do for you, and how much you drive.
Leasing can be great or can be one major bill. |
I'm into leasing cause I get fet up of a car after 2-3 years :2 cents:
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lease it under your companies name and then write off the lease payments
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I don't like paying interest, even if its deductable. I'd rather buy.
WG |
buy the new car through your business. then, whats cool is, you can deduct that god awful depreciation and use it to deduct from you net income. buy the car.
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if you sell drugs Lease it ,they cant take it....lol
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Unless you plan to change your car every 2-3 years, buying is the way to go....
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Buy it... Leasing was a good idea when they had 0% apr 4-5 years ago (nearly put some car dealers out of business). Leasing is a bad idea IMO
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If you drive a lot, it will end up being a hell of a bill. I had a 500$ overage on my miles.
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I lease the one my wife drives .. i get bored and like to change up the cars ... but i travel about 50 miles a day ... so i own one ... I'm about to get a 300c and I'm not sure if I'm going to buy it or lease it ... I have to Dub it out and change the grill ... I'm gonna put a few TV's in it also ..so i may buy it ..
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