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Lease for is250

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Old 03-14-14 | 09:09 AM
  #16  
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John510
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Don't feel bad. My lease payment is 922! (Rolled my negative equity into this one). Its high yes but its a 100 percent write off since its commercially registered.
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Old 03-14-14 | 09:24 AM
  #17  
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gmanusmc
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Originally Posted by John510
Don't feel bad. My lease payment is 922! (Rolled my negative equity into this one). Its high yes but its a 100 percent write off since its commercially registered.
Just curious - a leased vehicle is 100% write off? They don't require you to amortize it in some way?
If that's the case, that's a pretty good write off. Not bad - but wow - 922 - that's LS territory.
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Old 03-14-14 | 01:35 PM
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John510
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Originally Posted by bgaerttner
Just curious - a leased vehicle is 100% write off? They don't require you to amortize it in some way?
If that's the case, that's a pretty good write off. Not bad - but wow - 922 - that's LS territory.
When you lease you can write off the payment. When you purchase you can write off Depreciation. I chose to lease because I didn't plan on keeping the car that long.
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