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Rakhi Vasavada
Rakhi Vasavada, Financial and Legal Consultant
Category: Finance
Satisfied Customers: 2608
Experience:  Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years
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What are the pros & cons of leasing a car in 35% tax

Customer Question

what are the pros & cons of leasing a car in 35% tax bracket
Submitted: 2 years ago.
Category: Finance
Expert:  BK-CPA replied 2 years ago.

If this is a personal vehicle not being used for profit purposes then the Tax Code really doesn't come into play. Please clarify?

Customer: replied 2 years ago.
Thanks for responding.The car will be used for buisness and pleasure. Husband owns a buisness. We make sales calls on occasion and sales calls on other vehicles as well. We have plenty to pay cash for car. Just looking for tax write offs. Would just like to know if leasing might be benificial, we have always paid cash in the past.Consididering getting a new car.
Customer: replied 2 years ago.
Pleasure vehicle. Just checking all the avenues