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#1
11-04-2005, 03:50 AM
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 Re: Self-employed leasing a car for business use Vadim Zima <mudaki[at]zima.net> wrote: - quote - > Since lease payments are deductible, do I have to fight for
You don't have to.> the lowest payments and best lease terms with car dealers? - quote - > As long as I have money in the bank, I can pay whatever they
Sure, you can. It's stupid, but you can.> ask, right? The payments being deducible means that of every $1 payment, only (for example, depending on your tax bracket) $0.60 comes out of your pocket. But that's still $0.60 out of your pocket. Seth << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
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11-04-2005, 03:31 AM
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| Re: Self-employed leasing a car for business use - quote - > Since lease payments are deductible, do I have to fight for
Since you are self-employed even a deductible expense will> the lowest payments and best lease terms with car dealers? > As long as I have money in the bank, I can pay whatever they > ask, right? I am not planning to buy it, it's like renting a > car... reduce your personal income (since the business will have less money left over to "pay" you). It seems it is still in your best interest to get the best lease rate. If you don't understand the differences and similarities between renting and leasing, then you should see an accountant. -- Vic Roberts Replace xxx with vdr in e-mail address. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
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#-1
11-03-2005, 02:50 AM
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| Self-employed leasing a car for business use Since lease payments are deductible, do I have to fight for the lowest payments and best lease terms with car dealers? As long as I have money in the bank, I can pay whatever they ask, right? I am not planning to buy it, it's like renting a car... The Email in this message header is a SPAM KILLER. If you need to contact me, find a real address on my website. -- Vadim Zima Russian linguist www.zima.net << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
| Tags |
| business, car, leasing, selfemployed |
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