From a tax/ money savings standpoint, is it better to lease or finance a car through your business? I have an LLC, operating as an Scorp for IRS purposes. I want to get a car but I want to know what would be better for me? I hear people saying leasing is good. I just want to save the most money. I don't wish to keep the car for more than 2 years.
Is it better to lease or finance a car through a business?
If you do not want to keep the car for that long then leasing is the way to go. But you kneed to have good credit and you only have so many miles that you can go when you lease as for the payment it is cheaper to lease
Reply:Leasing is easier and can save money, the amount depending on your particular business circumstances. But understand that business leases are a little different than ordinary consumer leases. Here's an article that might help:
http://www.leaseguide.com/Glossary/comme...
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lilac
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