Quote:
Originally Posted by rio7
Just want to throw this out there. For tax reasons, you might want to go for leasing rather than straight purchasing because if you have a small business, and the lease payment can be deducted from your business income, but the payment to purchase car is not considered an expense, but rather - the capital expenditure which should be considered as an asset and taken as depreciation expenses.
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Indeed true. That is the reason why business owners or corporation prefer leasing over buying because of tax and depreciation purposes. You would think leasing a $599 computer over 3 years is outright stupid for paying interests, but that is the way big or small companies are doing that for tax reasons.