Leasing a new car?

jayc2007, Apr 24, 11:07am
Anyone doing it! I would like a new car for my business to give a good impression. Pros and Cons!

thejazzpianoma, Apr 24, 11:11am
Just remember tax deductible does not equal free.
You have to weigh up whether the "good impression" is really worth the thousands of dollars extra you will pay for a new lease car.

Personally, having looked at many such agreements and done the math. There are very few situations where leasing a new vehicle makes sense for small business owners.

Usually its much better to get a vehicle that is a few years old but is still a current model or looks close to it, that will usually give you the best of both worlds.

Also. getting tied into a long term lease right now may not be wise given whats on the world economic horizon at the moment.

jayc2007, Dec 6, 2:07pm
Thanks for the advice! I might look into getting an older model.