Anyone doing it! I would like a new car for my business to give a good impression. Pros and Cons!
thejazzpianoma,
Apr 24, 9:11pm
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 7, 1:07am
Thanks for the advice! I might look into getting an older model.
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