View Single Post
  #8 (permalink)  
Old 10-06-2006, 04:11 AM
bjl584's Avatar
bjl584 bjl584 is offline
$ Saving Post Graduate
 
Join Date: Sep 2006
Location: Pittsburgh, PA
Posts: 2,544
Points: 15492.20
Donate
Default Re: Buy or Lease, and for how long?

Yes, I can see where there may be tax benefit to leasing if you own a business, however I thought that it was possible to write off expenses on a vehicle for a business even if you owned it? (Maintenance, gas, registration, inspection, etc.) I also thought that you could take depreciation on it like you can on real estate and other assets? Not sure, just wondering. But, leasing doesn't really seem to make much sense.
Reply With Quote