My car lease...
My car lease...
Out of context: Reply #15
- Started
- Last post
- 36 Responses
- subversve0
i leased a car recently. mostly for the tax write off. i paid the whole lease up front (i know, not the best idea, but it lowered the rate), and as long as i can claim that i used it 100% for business purposes between last month and the end of the year, then i can write the whole lease payment off (have my own business). after that, i can use it for whatever i want for the remainder of the time. if i decide to buy the car after the three years, then i can write off the purchase of the vehicle at standard vehicle deductions (which isn't much). it sounded like a good plan, but i hope it doesn't end up screwing me over.