Should I lease a car through my business?

Should I lease a car through my business?
0

#1

My car is old and will need repairs soon. It’s worth $800. I can lease a car through my business for a little more than $140 per month over 36 months with 3k down.


#2

If your heart is set on a lease, then make it a business lease so that you can take advantage of the tax benefits. However, there are reliable used cars that you can purchase outright for under $8,000, which is what you’ll end up paying on the lease. Many brands such as Honda, and Toyota, to name a few, have a good reputation and excellent consumer reviews. Visit Edmunds.com for car reviews. Once you’ve selected the specific car, don’t forget the vehicle history report from Carfax.com. Remember, it’s better to own than to lease! Good Luck!


#3

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