lease or finance a car?
 

ya cash is better but just bought a house so that one is out of the question.

i have a financed 2005 right now but i bought it in canada and now i live in the states and given the exchange rates plus prices in canada for cars it makes no sense to keep it so i'm gonna flip it and buy something down here. wondering if i wouldnt have been better off just getting a 3 year lease or something. what are the pros and cons?

I could be wrong, but I think leasing might work out more expensive. I used to lease a fleet of ford focus when I had my double glazing firm because the cars always got so fucked up (I got good deals and could trade them in with 2 weeks notice). I think finance is cheaper though in your case. Try to find the cash though. Unless you care about what people think, just get something cheap and reliable.

What are the requirements to lease through a business and get the tax deduction?

Leasing is ALWAYS the best bet. :2 cents:

ya i didn't get shit for a write off from the car last year despite having done 90% business miles. this would be why i'd like a lease i think.

why is that?

In the US for it to be legal, I am pretty sure you need to have a reason for the car. I was trying to do an executive car for myself through the company and my accountant said not to do it. Anyone else have info on that? As I know this used to be really easy and cool.

bumpety bump

If you buy for long term then purchasing makes sense. If you want to get the trendy new car in 2 years, then lease I guess.
I'd never lease, because I dont care what my car looks like. I need it to do the errands, nothing more.

Financing. I drive too much to lease

leasing sucks with mileage

its like saying "rent or buy a house". its always good to put money towards OWNING something. why just throw it away?? want a new car every 2 yrs? then just keep the car clean and running in excellent shape and trade it in. the difference? you own it. its yours.

buy a Honda, then crash it into a wall. :thumbsup

cash. period.

...yeah I just leased a ferrari so lease or finance a plane? buy a fucking 500 bucks car and get a nice one when you can afford it. Sheesh.

stupid is stupid does uh

Guess you dont look at the inside either? Some are nice.