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re: Lease vs. Buy advice
Posted on 6/25/14 at 11:05 pm to Paul Allen
Posted on 6/25/14 at 11:05 pm to Paul Allen
quote:
Leasing is a good way to go. Let them pay the depreciation, not you.
You are still paying the depreciation.
quote:
if used for business purposes, a huge tax incentive for leasing a car.
I don't know how that part works though. Is it because you can expense instead of capitalize?
1
Posted on 6/26/14 at 6:13 am to foshizzle
quote:
I don't know how that part works though. Is it because you can expense instead of capitalize?
Exactly
ETA: but depending on your business needs sec 179 depreciation renders that irrelevant because you can deduct the whole cost of the car when you buy new (up to 50k).
This post was edited on 6/26/14 at 6:16 am
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