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I wish to know which would be more advantageous scenario as

Customer Question
good afternoon, I wish to know...
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
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Customer reply 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?
Answered in 7 minutes by:
12/28/2015
Financial Professional: PDtax, CPA, MBA replied 1 year ago
PDtax
PDtax, CPA, MBA
Category: Finance
Satisfied Customers: 4,712
Experience: Tax professional and business consultant for 35 years.
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Hi from just answer. I'm PDtax, and will assist.

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Financial Professional: PDtax, CPA, MBA replied 1 year ago

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

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Customer reply 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.
Financial Professional: PDtax, CPA, MBA 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.

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Customer reply replied 1 year ago
New Expert Please
Financial Professional: PDtax, CPA, MBA replied 1 year ago

site management will assist.

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Financial Professional: PDtax, CPA, MBA replied 1 year ago

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

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Customer reply replied 1 year ago
still waiting on response to my question please.
Customer reply replied 1 year ago
unfortunately the amount quoted $118 is not in my budget.
Financial Professional: PDtax, CPA, MBA replied 1 year ago

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

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Customer reply replied 1 year ago
i will politely decline this offer.
Financial Professional: PDtax, CPA, MBA replied 1 year ago

OK.

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