Is it better to lease or purchase an automobile for business purposes, i here the entire lease if used for business is a tax break and may write the entire monthly payment off.
2007-03-19 03:00:21 · 3 answers · asked by dendawg01 1 in Cars & Transportation ➔ Buying & Selling
Ask any accountant. For Business, Lease it! Whether for business or private. The benefits are smaller monthly payments, an option to buy or walk away at the end of the lease and you can get a new car every 2-3 years. Plus the tax write offs.
2007-03-19 03:10:44 · answer #1 · answered by ? 7 · 1⤊ 0⤋
If for a business, yes lease. You can use it as a tax writeoff. If you are using it for private personal use, then buy it.
2007-03-19 03:14:08 · answer #2 · answered by pabasket 1 · 1⤊ 0⤋
business...LEASE...private ...purchase
2007-03-19 03:04:58 · answer #3 · answered by Robert P 6 · 1⤊ 0⤋