Lease a Car vs. Buy a Car: What makes more economic and financial sense for business owners?
So, my car lease expires this December 2017, I started today to slowly look at the available inventory (this was the first time I ever leased a vehicle).
The questions most business owners have are:
- Do I buy or lease?
- Do I buy brand new or certified/pre-owned?
- Do I pay Cash or Finance?
Let’s address Question #1: Most business owners believe leasing is best because one can write off the monthly lease payment as a business expense.
I have news for you: Buying makes more financial/economic sense than leasing! (I know, this is contrary to what you have been told before. Just run the numbers: scenario 1 Lease versus scenario 2 Buy.
For more information or if you would like to chat about this topic, contact me at email@example.com