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Rakhi Vasavada
Rakhi Vasavada, Financial and Legal Consultant
Category: Finance
Satisfied Customers: 2603
Experience:  Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years
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I wish to know which would be more advantageous scenario as

Customer Question

good afternoon,
I wish to know which would be more advantageous scenario as pertaining to either buying or leasing a luxury motor vehicle.
I am a professional who usually drives no more than 12 k miles per yr
As a small business owner and corporation executive the annual revenue approximates a 7 figure income.
The vehicle that I desire to drive for business approximates $250 and will be used 80% business and 20% personal.
When would either scenario be advantageous in terms of cost savings?
Submitted: 1 year ago.
Category: Finance
Customer: replied 1 year ago.
for lease- i plan on 36 months with $0 down @ 12k miles per yr
which option is a better tax benefit?
Expert:  PDtax replied 1 year ago.

Hi from just answer. I'm PDtax, and will assist.

Expert:  PDtax replied 1 year ago.

My phone browser is not cooperating. I'll be back to you shortly.

Customer: replied 1 year ago.
I would also like to know how many vehicles can be in the corporation fleet for a 1 person business owner?
are there advantages to zero out corporation profit or pay corporation tax for S corporation?
please provide link for asset depreciation scheudule for various assets.
Expert:  PDtax replied 1 year ago.

I see you have multiple questions, and I will be glad to assist.

The best way is to offer you an extended question and answer consulting meeting, as there are specifice to your business that will drive the answers, including if you want or need 2015 deductions or if 2016 is ok, etc.

I will do that through our Offer process. I will offer you 1/2 hour of professional time for your questions for an additional fee. Accept, and I can assist right away.

Customer: replied 1 year ago.
New Expert Please
Expert:  PDtax replied 1 year ago.

site management will assist.

Expert:  PDtax replied 1 year ago.

Hi again. PDtax here. Site management prompted me to look in to see if you still wanted assistance.

Customer: replied 1 year ago.
still waiting on response to my question please.
Customer: replied 1 year ago.
unfortunately the amount quoted $118 is not in my budget.
Expert:  PDtax replied 1 year ago.

I'll post an offer for a reduced price. Accept, and I will assist tomorrow.

Customer: replied 1 year ago.
i will politely decline this offer.
Expert:  PDtax replied 1 year ago.

OK.