Apr 19, 2014 - 03:34 AM
Apr 19, 2014 - 10:10 AM
1. Number of miles you drive annually. Charges for excess mileage (beyond your lease agreement) can get pretty high.
2. Can you deduct the cost of the lease as a business expense? If not, leasing might be a very expensive way to go.
3. Do you like to make changes or modifications to your cars?
4. How hard are you on a vehicle (scratches, dents, interiors, etc.)? You can get some pretty severe charges for wear beyond what the lease company considers "normal".
5. Can you actually take the full amount of the tax credit (is your annual tax liability more than the credit)? If you can't, you may be able to negotiate a good deal with the lease company since they CAN take the full tax credit.
6. How often do you normally get a new car? If you like to keep your car for many years, then obviously leasing won't work for you.
Just a few items to consider. There are probably more.
Apr 19, 2014 - 10:47 AM
Apr 21, 2014 - 05:53 PM