Quote:
Originally Posted by TimSJ
It basically works out the same.
On a lease the max is $750 per month plus tax if you are at 100%
on a buy it is 15% the first year and 30% on the declining balance on the following years.
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Sorry just to clarify.
If I were to lease a car for $300.00/mnth I could write the entire thing off = 3,600/year
If I were to buy a car for 20k, I could write off 15% of the total value in the first year = $3,000.00, and then 30% from then on?