Showing posts with label lease. Show all posts
Showing posts with label lease. Show all posts

Saturday, August 2, 2008

Tax Benefits of Leasing a Car - IRS Depreciation Limits

I've been thinking about leasing a car (see my previous post about leasing certified pre-owned cars). My accountant told me to lease. But I like buying. I know there's a tax benefit to leasing, but I don't really understand it.If I was smart I would have asked my accountant to explain it to me. But I figured it should be simple to find out why by looking on the internet. It was more of a struggle

Wednesday, June 25, 2008

Certified Pre-Owned and Leasing

I'm getting ready to replace my car. I've had it for 6 years and nearly 110K miles. The backseat is getting too small - something about how the special car seats for kids force their legs forward at an angle - yet another reason why Americans want larger cars.I've been told leasing is a lot better because of the tax benefits. I don't completely understand, but I want to work with that. It hasn't