Quote:
Originally Posted by aznatama
Leasing makes sense for a business expense deduction. Other than that, it makes nearly no sense at all unless you like paying a premium for convenience (ie - changing luxury cars every 3 yrs).
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Leasing makes a lot of sense if you have:
- business expense writeoff
- move around a lot for work (2-3 year contract work)
- potentially live in area(s) where having a car isn't ideal
- don't want to deal with upkeep of used car as it ages
- don't want to deal with resale or trade-in
I'd lease all day if I didn't care for the race track.
-alex