Quote:
Originally Posted by TylerSVT
Leasing cars makes no sense IMO.
While the rates are lower you are effectively renting a vehicle because often the buyout is more than the value of the car. I couldn't justify spending 300+ dollars a month on a car that i technically do not own.
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As the OP mentioned as one of his reasons, tax write offs for businesses are a major reason to lease. Not only do you get a vehicle for less in the short term, you can write off the full value of your payments, rather than just a portion of it (I think maybe the depreciation value) but I am sure someone will know better than me.
For a person without the ability to write off the expenses of a car, it doesn't make much sense unless you fit a set of fairly rigid circumstances, but for a business it is often a no-brainer.