Just got my new sumemr toy......

[Knockout_Power]

Leasing is great if you are a business owner, you write that shit off to a higher level than a purchased/financed car.

Looks hot Red

Didnt know you were in Kanata

[oldnsedentary]

Leasing is great if you are a business owner, you write that shit off to a higher level than a purchased/financed car.

Writing "it" off means the money is gone. That is what the "it" is in this instance - money you no longer have. You pay $600 to save $250 on your taxes (maybe that much). It does not take a financial genius to figure out that this is not a good reason to do it.

[Knockout_Power]

Writing "it" off means the money is gone. That is what the "it" is in this instance - money you no longer have. You pay $600 to save $250 on your taxes (maybe that much). It does not take a financial genius to figure out that this is not a good reason to do it.

yah, but if you buy something and give up say $80,000 of your hard earned money to save on the interest and not have to finance or lease at at rate of say 4-8% (standard auto car loan rate) then you have $80k less in your account to invest. You can make much more than the cost of a measely lease expense, WHICH YOU STILL GET THE WRITE OFF FROM...

You can easily get 12-15% on low risk investing so having the extra money in your pocket and simply leasing is pretty intelligent, and to use your words exactly "It does not take a financial genius" to figure out this is a pretty smart way of doing things...

So save your opinions on how I do things wrong