Lease vs Buy
How is depreciation handled when you lease a company vehicle instead of buying a new one?
Would it be better for me tax wise to lease?
Do you have something to add to this discussion?
LoginHow is depreciation handled when you lease a company vehicle instead of buying a new one?
Would it be better for me tax wise to lease?
Do you have something to add to this discussion?
Login
Bobby R.
My understanding is that leased property does not depreciate for tax purposes. The lease itself is deductible, but depreciation only effects purchased items.