Buy or Lease?

[FlameMerc]

Buy Or Lease? That is my question. I know with a lease you can claim your payments on your taxs. Can you do the same on a purchase. I'm Looking at a B-unit. New or Used? Can you lease a used B-unit? Thanks for any help....Butch

 

[RichM]

I would buy vs lease. Most leases have mileage limitations built into the lease and you pay big time when you go over the limit. As far as taxes go you can claim actual operating expenses plus depreciation as a business expense,plus the interest on your loan or you can take a mileage deduction for all of the business miles and also deduct the interest on your loan as an expense.Some people might disagree with me on that but I have been claiming a mileage deduction on a D unit for many years. In 1996 I was audited by the IRS with no problems. If you were to lease I would go with a new unit,I don!t think you want to get locked into a old unit that may give you problems due to inadequate maintenance.

 

[tazman]

You might want to look into TRAC leasing....

This type of lease generally has no mileage limitations and if you crunch the numbers...may be a benefit to you....

Just TYPE in: TRAC LEASING under a GOOGLE or VIVISIMO search...their is a lot of goodinfo out their....

Just my 2 cents worth !!!!

Frank "The Beast in the East"