Originally posted by rewing3
1. you only have to pay mileage penalty if you're going to turn the car back in and you go over the miles. you can always refinance the remainder and keep the car after the lease. Or don't go over the miles.
2. i can write 100% of lease payments off as an operating expense for business. Financing, i get no deductions, and i pay on something that depreciates faster than a sandwhich.
There are some fantastic leases available out there right now on some cars. It's not for everyone, but leases fit perfectly and make sense for some.
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