write offs - Posted by Darren(NY)

Posted by JHyre in Ohio on July 02, 2002 at 07:41:06:

Depends…leases are so convoluted anymore, that you have to get an after tax cash flow from each and compare to know the after-tax economic effect. All things being equal (they never are), a lease will normally generate greater tax deductions than an “equivalent” loan…but you can nicked on the lease via mileage restrictions, high buy-outs, etc. Lately, car companies have responded favorably to offers to buy-out leases at less than the contractually set price…whether that will last, I cannot say.

John Hyre

write offs - Posted by Darren(NY)

Posted by Darren(NY) on July 01, 2002 at 22:49:42:

Should I finance or lease my next vehicle? Will I get more write offs for one or the other, or will they be the same when it comes tax time?