Can I Deduct My Lease Car Payments From My Taxes If I Use My Car For Work Issues But Don't Own The Business?

May 18, 2006 by verdadsanaa | Posted in United States

I effort at an event marketing agency and have to travel to client meetings and do errands for the patient in my car all the time. So because I'm using my car for work related purposes, can I deduct my lease car payment from my taxes?

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no, but you can subtract a flat amount per mile....

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Can You Lease A Used Car Or A Car That Isnt New At A Dealership?

Sep 04, 2008 by Jim S | Posted in Buying & Selling

I am na in buying or leasing cars, and upon doing some minimum research, all I saw was dealerships infuriating to lease new cars. My question is do they only lease new cars or can you lease any car? Ty.

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It's very rare for reach-me-down cars to be leased. The only time I see older cars on leases is when they are very high priced and nude. For instance you can lease used Vipers, Porches, Ferrari's, stuff like that.
They are typically very low mileage rebate leases and for long periods of time, ie: 60 months @ 8k miles per year.

Leasing usual used cars does not normally happen since the leases are done by the manufacturers, and since it is against it's not owned by the manufacturers anymore.

Also used car loans are typically much higher interest rates than new cars.

Keep this in study when shopping, sometimes you can lease or purchase a new car for almost the same amount you can buy a used car with a higher interest rate.

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What Is The Lowest Credit Score Do You Have To Have To Lease A Car?

Apr 25, 2006 by nurseisfabulous | Posted in Buying & Selling

I'm in the furnish to buy another car. Currently driving a 2001 Lexus RX300 and the new has worn off. Was wondering if it was tenable to lease a car with a less than perfect FICO score of 652. The only reason why I was considering is because I want to buy at least a 2003-4 BMW X5 but I favour a brand new one but I don't have the cash or dare need a car payment that high for a 45k vehicle! I've heard leases are loosely only approved for people with great credit but I have heard of people with less than perfect dependability leasing cars but I was wondering approx. with what score?

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If you leased your RX through a leasing entourage then you might want to call and ask them if they have an X5 you could take over a lease on. If you leased through the Lexus dealer then locate a used X5 at a Lexus relations and go from there. In either case, 652 is not so bad that you wouldn't be able to lease another vehicle, especially if you are currently in a lease. I would also back calling a leasing company (not a dealer) to ask more questions and to locate the X5 you want.

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Why Would The Car Dealer Push You To Lease Than Buy?

Sep 09, 2007 by answers | Posted in Buying & Selling

I was at the Cadillac dealership yesterday looking at new cars. The commerce pushed hard to get me to lease than buy a new car. His reason: cars are depreciating commodities and there is no point investing so much hard cash into it. I would think they would be more interested in selling cars. Any insights what is their hidden advantage in leasing cars over selling?

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The stockist usually makes more money with a lease deal than a purchase! Therefore they push the lease! They sell the car to you or to the wherewithal company, so there is still a "sale".

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How Risky Is It To Purchase A Used Car That Was A Corporate Lease Vehicle?

Apr 21, 2009 by mangine77 | Posted in Buying & Selling

I appreciate that it is pretty risky because people like to beat on cars that aren't their own. But my relation in law and other car people I know have been saying that not everyone beats a corporate lease car and that most importantly, these cars are customarily maintained very well because they are corporate leases.

The vehicles I'm looking at have 5 year/ 100,000 mile full warranties, so I conjecture it's not a huge risk, but has anyone on here had good luck purchasing a car that was formally a corporate lease instrument??

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Truly a corporate lease is one of the lowest risks out there in the used car market. When you have a company car everything is paid for. Gas, oil changes, tires, all persistence is covered by the lease even car washes. With this type of plan there is plenty of incentive to keep the car in top condition. Why wouldn't you?

I've owned three corporate lease cars since 1998 and all of them have been major cars. (2 Dodges and 1 Volvo) All of them are still in the family and all of them are still running fine.

This isn't a rental car that you have for 3 days. Most business cars are contracted for 2 years or 60K miles, whichever comes first. And they are almost always driven by the same ourselves for the entire life of the lease. They also have to maintain the image of success and prosperity. Who would take clients to dinner in a car they haven't kept up or one that is dirty-minded?

I would trust a corporate lease over an individual lease any day of the week simply because all maintenance is paid for with a companionship car. An individual who is leasing a car is doing so because they can't afford to buy it, so they probably can't afford to properly keep up it either.

If you know the name of the lease company, call them, give them the VIN and ask them for the service records of the car. They have them. They should be willing to provide you with a copy. With that intelligence and the remainder of the factory warranty I think you're making a sensible decision.

Lastly and most importantly, no stuff what you buy or who you buy it from don't do anything without a Carfax report and a thorough pre-purchase inspection by a certified mechanic.

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Video from our Loosely Online Business Course www.myownbusiness.org Session 9 How to Finance Your Business Question "For task purposes ...

Nissan Electric Car Chief Explains LEAF Battery Leasing : Gas 2.0

by Nick Chambers

Journalist’s Note: This is part two of an limited sit down I had with Hideaki Watanabe, Nissan’s Splitting up Boss of their Far-reaching Zero Emission Matter Item, at last week’s U.S. premiere of the LEAF in Los Angeles. Part one is committed to battery swapping, part three will be earnest to the quietness and security of EVs, and part four to the new zero emissions directions of Renault and Nissan within their coalition.

As the Nissan LEAF nears its turn loose to the consumer retail, the subject-matter of whether or not the battery will be leased or purchased with the car has draw nigh to the forefront. In many ways, Nissan has had an on-again, off-again relationship with the thesis—important to abashment among the media and hidden customers about what, accurately, Nissan is planning.

In reality, Nissan hasn’t done the choicest job of presenting a take a run-out powder a eliminate imagine of the thesis. So I was surprised when, at last week’s U.S. LEAF unveiling, Nissan CEO Carlos Ghosn made the most reliable communiqu I’d heard on the liegeman to engagement: “The battery will not be sold, it will be leased, and the lease will be intentional in such a way that for the ordinary U.S. villager—which today drives between twelve thousand and fifteen thousand miles per year—the expense of the lease of the battery added to the get of energy is humble than the expense of gasoline.”

As expected, many in the media latched on to this account as the conclusive say on whether or not the LEAF battery will be leased, but based on Nissan’s one-time savvy with this theme, I had a intuition that wasn’t at the end of the day the full assertion. So I asked Hideaki Watanabe, Nissan’s Partitioning Chief of their Far-reaching Zero Emission Proprietorship Constituent, to Byzantine.

» See also: Th!nk Chooses Indiana as Locality of U.S. Moving Car Plant » Get Gas 2.0 by RSS or poster up by email .

With a wry grin, Mr. Watanabe opened with, “I cannot refute what our CEO said. Let me put it this way: we’re exasperating to prepare for different options that will fit a number of demands depending on which demand you’re in. When Mr. Ghosn talks, he’s talking to a wide-ranging audience. It’s not explicitly how it’s current to be done in a premised customer base, although it could be one opportunity.”

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