Question:
I own a small business and I'd like to Lease a new car for company and personal useage... What are some benefits of this? Does it make the Leasing payments cheaper?
Can I write the monthly payments off, come tax time?
HELP!
Answers:
How much is a clio williams2 worth?
http://www.carbuyingtips.com/lease.htm...What car in the low $30,000 range, would you recommend?
Yes you can.But I perfer to buy used cash,and write the vehicle off as cost of goods sold.More money in pocket,and you can still get mileage. Why pay for something that loses value,not smart in the business world.Best bet is to contact your accountant. If you dont have one... then try to weasel information out of one
Does any1 no where i can get a golf gti Mk1 either modded or standard?
Im incorporated... but i think as a small business you can write off some of your expenses... Im not sure how much (if any) - but with incorporated you can write the whole payment off.
Leases are a waste of money and if you do the math, you ALWAYS pay more for the car.
Is a used 2000-2001 LandRover Discovery a good car?
You can buy a cheaper used car and write off the mileage for each mil you drive in it-- and get a bigger tax break than writing off lease payments. Plus if you try to write off lease payments its supposed to be 100% a business car and no personal use.
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